5-Month High For Freddie's New Business
Secondary marketing activity accelerated to the highest level in five months at the Federal Home Loan Mortgage Corp. as delinquency fell to the lowest level in nearly a decade.
Flagstar's Home Lending Soars, Could Jump Again
A quarterly leap in mortgage originations at Flagstar Bancorp Inc. is set to repeat in the current quarter. But the primary mortgage servicing portfolio was reduced.
BB&T Mortgage Earnings, Lending & Servicing Drop
Both on a quarter-over-quarter and year-over-year basis, a decline was recorded in mortgage earnings, originations and servicing at BB&T Corp. Company-wide income rose, though.
Ginnie MBS Issuance Up Despite Multifamily Slump
Even though apartment loan securitizations slipped last month at the Government National Mortgage Association, overall issuance moved higher.
Ginnie MSRs For Sale on Over $600 Mil in Loans
More than $600 million in loans
are behind an offering of Ginnie Mae mortgage servicing rights. Nearly half of the loans are secured by properties in Texas.
Mortgage Credit Eases
A standardized quantitative index that reflects credit conditions in home lending indicates that lenders loosened their purse strings last month.
Chase's Mortgage Servicing Down, Assets Up
While there was little change in quarterly mortgage originations at JPMorgan Chase & Co., the residential servicing portfolio declined as mortgage assets grew.
Wells Fargo's Home Lending Jumps, Headed Higher
Quarterly residential loan originations accelerated at Wells Fargo & Co. and are likely headed even higher despite industry forecasts to the contrary.
Home Lending, Servicing Rises at Lake Mich CU
A healthy increase in mortgage originations was reported by Lake Michigan Credit Union. Also expanding was the organization's servicing portfolio.
HELOC Sale Done
The sale of a portfolio of home-equity lines of credit that are both performing and non-performing has been successfully executed.