October's Servicing Transfers Sink
Servicing transfers last month tumbled from September as a result of a massive sale the previous month by the home-lending unit of Citigroup Inc.
Over $100 Million in Non-Performing GSE Loans Sold
Two organizations were the winning bidders on a government-sponsored enterprise offering of over $100 million in non-performing mortgages.
MBS Issuance Slowest in 5 Months at Ginnie
Securitizations on behalf of the Government National Mortgage Association turned lower last month, falling to the slowest volume in five months. The weak performance came off of a record year.
Over $2 Billion in GSE Mortgages Sold
A unit of Credit Suisse has acquired more than $2 billion in government-sponsored enterprise single-family loans that are reperforming.
Quarterly CMBS Issuance Highest in 3 Years
Quarterly securitizations of non-agency commercial real estate loans climbed to the highest level in three years, while year-to-date volume is well ahead of last year.
Impac's Lending, Servicing Rise as Earnings Plunge
Impac Mortgage Holdings Inc. expanded its servicing portfolio and had a quarter-over-quarter gain in originations. But earnings deteriorated.
Lake Michigan CU Servicing Up, Home Lending Down
The size of Lake Michigan Credit Union's single-family servicing portfolio increased even as originations subsided.Mortgage staffing was trimmed.
Mortgage CFOs, CIOs and Presidents Appointed
Several recent C-Suite appointments within the mortgage industry were peppered with a host of mid-level manager hirings and promotions. Impacted departments include warehouse lending, information technology and sales.
Jumbo Leads Tightening in Mortgage Credit
After easing to the loosest level in nearly a decade, home lending credit conditions tightened last month. It was jumbo credit that led the constriction.
Broker Channel Launch Imminent at PennyMac
Earnings and mortgage originations at PennyMac Financial Services Inc. saw quarter-over-quarter gains and year-over-year losses. A wholesale channel is about to open.