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Inside Mortgage Trends
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1Q Residential Production at Citigroup Lags Peers; Servicing Continues to Shrink

April 16, 2015
Paul Muolo
Meanwhile, Citigroup continues to see its servicing “for others” portfolio shrink...
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Texas Depository Purchases 15-Year-Old Nonbank Mortgage Firm

April 16, 2015
Paul Muolo
In general, depositories have not been active buyers of mortgage companies, though that’s starting to change somewhat.
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Short Takes: So Much for the Moratorium on Captives Joining FHLBs / Nonprofits Stand Up for Ocwen / Ocwen Layoffs? / Time to Exit SFR? / CFPB Rule Update

April 16, 2015
Paul Muolo, Thomas Ressler, and Brandon Ivey
Is the bloom off the rose in the single-family home rental market? Some institutional investors are shedding assets.
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Mortgage Originations at Big Banks Increase in First Quarter of 2015, Positive Outlook for Margins

April 16, 2015
Originations of mortgages by big banks in the first quarter of 2015 were up strongly compared with a year ago as well as the fourth quarter of 2014. Competition has increased, but mortgage banking income and gain-on-sale margins were relatively strong, according to industry analysts. Five large banks that have reported earnings generated a combined $108.5 billion in mortgage originations during the first three months of 2015. That was up 9.4 percent from ...
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Credit Unions Hit Record Market Share In 2014 Mortgage Originations Activity

April 16, 2015
Credit unions reported a marked 17.0 percent drop in mortgage originations during 2014, but the industry managed to increase is footprint in the industry, according to a new Inside Mortgage Finance analysis of call-report data. Credit unions originated $117.2 billion of home loans last year, or 9.45 percent of the estimated $1.240 trillion in total mortgage originations. Their aggregate lending volume was down about half as much as the overall market decline from ... [Includes two data charts]
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Credit Union Share of Residential Production Hits a Record 9.45 Percent

April 16, 2015
John Bancroft
Credit unions now lay claim to almost 10 percent of the residential lending market.
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FHA Recaptures Few of Its Refinances; Cut in Annual Premium Could Help

April 16, 2015
Paul Muolo
Where are these FHA loans migrating to? “Fannie Mae and Freddie Mac,” said Chappelle.
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BofA Grows Originations by Almost 13 Percent; Layoffs Ensue

April 15, 2015
Paul Muolo
BofA continues to carve down the size of its mortgage servicing portfolio.
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Wells Fargo’s Originations for First Quarter 2015 Up By 36% Compared with Year Ago

April 14, 2015
Brandon Ivey
Wells' application pipeline is at the highest level seen since the second quarter of 2013.
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Chase Boosts Its Mortgage Originations But Income Takes a Hit Due to Competition

April 14, 2015
Brandon Ivey
Chase had $326 million in net income from mortgage banking in the first quarter of 2015, down 3.6 percent compared with the previous quarter.
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