Quarterly originations and earnings fell short of prior-period numbers at Walter Investment Management Corp. Still, full-year home lending activity fared better than 2014.
From Oct. 1 to Dec. 31 of last year, Walter closed $5.776 billion in residential loans.
This amount and other financial information were gleaned from the Tampa, Florida-based mortgage lender’s annual and fourth-quarter earnings report.
Volume fell short of the $7.194 billion originated in the third quarter.
Still, fourth-quarter production fared slightly better than the $5.378 billion funded in the same period in 2014.
Full-year 2015 home loan closings totaled $26.548 billion, much better than the $19.611 billion closed throughout 2014.
The fourth-quarter 2015 production total included $1.714 billion in retail lending, $3.851 billion in correspondent acquisitions and $0.211 billion in reverse mortgage loans.
Pull-through adjusted locked volume dropped to $5.5 billion from $6.3 billion in the third quarter.
At the end of 2015, Walter’s total servicing portfolio was at 1,860,818 loans for $229.944 billion.
The portfolio slightly thinned from 1,881,063 loans at $230.371 billion as of Sept. 30 but slightly widened from the 1,801,128 serviced for $212.818 billion as of Dec. 31, 2014.
The most recent total included third-party servicing on $197.155 billion in forward loans and $9.818 billion in reverse mortgages. The portfolio also included investment loans, made up of $12.706 billion in forward loans and $10.266 billion in reverse mortgages.
As of the last day of last year, Walter also listed a subservicing portfolio at $47.734 billion.
For traditional mortgages in the servicing portfolio, delinquency of at least 30 days dropped nine basis points from the third quarter to 8.85 percent. The rate fared 62 basis points better than delinquency at the same point in 2014.
Walter claimed a $208 million loss before income taxes, a substantial increase from the $132 million loss marking the third quarter and the $109 million loss a year earlier.
As of Dec. 31, 2015, Walter accounted for approximately 5,900 workers — 50 more than claimed at the end of the third quarter but 800 fewer than listed at the same point in 2014.
