SunTrust Mortgage Originations Sink, Servicing Up
SunTrust Banks Inc. saw a bigger quarter-over-quarter decline in home lending than many of its peers. But its mortgage servicing grew.
MSRs on Alt-A Loans Being Sold
Mortgage servicing rights on a portfolio of mostly Alt-A loans are on the market. A big share of the mortgages are secured by California properties.
MSRs on Over $2 Billion in Ginnie Loans for Sale
A new offering has hit the market for mortgage servicing rights on more than $2 billion in Government National Mortgage Association loans.
Mortgage Delinquency Sinks to 11-Year Low
The level of late payments on America's home loans retreated last month -- leaving performance metrics looking better than anytime in the last 11 years.
Mortgage Originations, Assets Down at Citizens
Although mortgage production and assets fell from the previous quarter at Citizens Financial Group Inc., both were up from a year earlier.
Ocwen Under Regulatory Siege
Ocwen Financial Corp. Thursday was hit with multiple government lawsuits and regulatory orders issued by more than 20 states over its servicing practices and handling of escrow accounts.
MGIC Earnings, Book of Business Up
MGIC increased its quarterly earnings, expanded its book of business and cut delinquency. But new business moved down from the prior period.
Mortgage Servicing Up at Huntington, Assets Off
A quarter-over-quarter decline was recorded for mortgage originations and assets at Huntington Bancshares Inc. But the firm boosted the size of its servicing portfolio.
Proprietary Modification Activity Rises
A mild month-over-month bump was recorded for residential loan modifications that were done through mortgage servicers' own proprietary programs.
US Bank's Mortgage Investments, Servicing Grow
As has typically been the case for home lending in the first quarter of this year, volume was lower at U.S. Bancorp. But its residential investments and servicing portfolio grew.