Impac Originations Tumble, Could Plunge in Q1
Quarterly home lending sank by over a fourth at Impac Mortgage Holdings Inc. and is likely plunging during the current quarter.
Jumbo Leads Quarterly Rise in RMBS Issuance
Non-agency mortgage securitization volume accelerated during the final-three months of last year, with jumbo activity leading the way.
Nationstar Earnings Soar, Servicing Portfolio Grows
Despite a drop in quarterly loan production, Nationstar Mortgage Holdings Inc.'s servicing portfolio grew and earnings exploded.
Fairway's Annual Lending, Servicing and Staffing Up
Fairway Independent Mortgage Corp. experienced a year-over-year expansion in its home-lending volume, servicing portfolio and employee count.
Nearly $800 Million in GSE Loans for Sale
Nearly $800 million in distressed government-sponsored enterprise residential loans have been put on the auction block.
Fannie's Annual Business and Earnings Increase
Income, mortgage-backed securities issuance and the book of business all grew last year at the Federal National Mortgage Association.
Annual Earnings, Business Up at Freddie
Annual earnings, secondary lending activity and loans outstanding all increased in 2016 at the Federal Home Loan Mortgage Corp.
PHH Mortgage Fundings Fall, Losses Balloon
Quarterly losses at the parent of PHH Mortgage soared past $200 million as home-lending volume fell. The company is transitioning into a smaller business.
$1.8 Billion in GSE Loans for Sale
A nearly $1.8 billion portfolio of government-sponsored enterprise mortgages is being auctioned off to the highest bidder.
$1.3 Billion in Ginnie MSRs Up for Auction
A successful bidder will pick up mortgage servicing rights on over $1.3 billion in Ginnie Mae loans with a 10 percent concentration in Florida.