Few Mortgage Layoffs Precede Potential Job Cuts
Staff reductions at mortgage firms have been relatively mild over the past few months. Conditions appear ripe, however, for an acceleration.
Home Lending Slows at PNC
A quarter-over-quarter slump in mortgage lending at The PNC Financial Services Group Inc. was met with annual production that managed to keep up with the prior year.
BofA 2016 Mortgage Originations Beat 2015
More residential loans were originated last year at Bank of America Corp. than in the prior year. A quarterly improvement was also made by the home lender.
Chase's Staff, Mortgage Originations Increase
Quarterly home-lending volume accelerated at JPMorgan Chase & Co., while the financial institution's human resource assets have been expanding.
3-Year High for Wells Fargo Mortgage Originations
The country's biggest U.S. residential lender and servicer, Wells Fargo & Co., pushed up annual home-loan production to a three-year high.
Mortgage Firms Report Hirings
Several real estate finance firms have reported hundreds of hirings they have recently made, while a number of other organizations still have plans to expand their payrolls.
Lake Michigan CU Originations Off, Servicing Up
Quarterly mortgage originations were down from the prior period at Lake Michigan Credit Union, as was annual lending. The servicing portfolio grew, though.
US Jobs Report Weak as Mortgage Staffing Strong
Although the employment report for all industries was less than stellar, non-bank mortgage employment has expanded for nine consecutive months.
Dozens Laid Off at Wyndham Capital Mortgage
Current market conditions are being blamed for dozens of layoffs that took place earlier this week at Wyndham Capital Mortgage Inc..
C-Suites, SVPs Among Mortgage Executive Moves
Among several recent mortgage-related executive moves are a pair of c-suite promotions and a pair of senior vice president appointments.