The metric will assess lender performance based on the lender’s default rate within three credit-score bands and compare it to an FHA target rate, rather than to the lender’s peers.
Although all 13 firms reported positive earnings on their origination and sales activity, many noted that production-related revenue did not keep pace...
Mortgage bankers saw improved profitability in both servicing and loan production during the second quarter of 2015, according to a new Inside Mortgage Trends analysis of earnings reports from major lenders. A group of 13 publicly traded companies reported a combined $2.10 billion of production-related income during the second quarter. That was up 9.9 percent from the previous period, and raised their combined production earnings for the first half of the year to $4.01 billion, a 54.7 percent increase over the same period in 2014. Although all 13 reported positive earnings on their origination and sales activity, many noted...[Includes one data table]