DocMagic would like to double its nationwide sales staff to 20 by the time 2015 ends.

For the year, the 20 banks earned $3.090 billion from mortgage banking, down 30.5 percent from their income in 2013.

University is based in Hackensack and the purchase gets FFC into the Northern New Jersey market.

Global strategist Peter Schiff, who predicted the housing bust of 2007, sees danger ahead in the U.S. housing market.

Regional banks are reporting significant declines in mortgage-banking income during the fourth quarter, although nearly all institutions continue to earn a profit from the business. A diverse group of 20 regional banks posted a combined $684.2 million in mortgage-banking income for the fourth quarter of 2014, according to a new Inside Mortgage Trends analysis of earnings reports. That was down 13.5 percent from the group’s aggregate $790.5 million in ...

Mortgage vendors usually see their fortunes rise and fall based on loan origination volume, but don’t tell that to DocMagic, which is consolidating its hold in the document preparation business. In a year in which residential production fell 34 percent, the Torrance, CA-based DocMagic grew its client base to 7,500, a gain of 1,000 in just over 12 months. The privately held doc prep/software company doesn’t generally disclose revenue figures, but according to ...

Titan Capital Solutions has branched out from its jumbo correspondent investor niche into the scratch-and-dent market to take advantage of new business opportunities arising from repurchase demands and loans that aren’t qualified mortgages. The Denver-based correspondent investor has begun purchasing loans rejected by Fannie Mae and Freddie Mac and private investors due to information, document and compliance errors. Historically, “scratch-and-dent” ...

The stars appear to be aligning for a wave of refinance activity in the first quarter, which is expected to boost the revenues and results for U.S. mortgage companies during the period, according to an analyst at Keefe Bruyette & Woods. Can it last? “With the 10-year [Treasury] now below 2 percent, the average effective conforming rate is below 4 percent,” analyst Bose George said during a recent KBW podcast. “That rate should continue to trend down as long as ...

With interest rates at exceptionally low levels in recent years, borrowers have been reluctant to choose adjustable-rate mortgages. For those opting for ARMs, hybrids remain the most popular, according to results from the annual ARM survey recently released by Freddie Mac. ARMs accounted for 4.6 percent of the $921.72 billion in mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae in 2014 ... [Includes one data chart]

Is the mortgage industry nearing a tipping point in terms of homebuyers using online capabilities predominantly to secure financing for the biggest purchase of their lives? That increasingly appears to be the case, a recent survey suggests. Nine out of 10 respondents to a survey commissioned by Discover Home Loans said they used online technology of one form or another in the home financing process. One of the benefits of technology is that it ...