Mortgage originations continued to gain momentum in the third quarter of 2017, although most experts are calling for a slowdown in the final three months of the year. An estimated $495.0 billion of first-lien home loans were originated during the third quarter, according to a new Inside Mortgage Finance ranking and analysis. That represented an 8.8 percent increase over the April-June cycle and brought year-to-date production to $1.335 trillion – off ... [Includes two data charts[
For the most part, 2017 has been void of any headline-grabbing merger-and-acquisition deals affecting the mortgage market, but all that is about to change. Investment banking and mortgage officials believe two enticing possibilities are now considered in play: Ocwen Financial, the nation’s 12th largest servicer of home mortgages, and Social Finance, the formerly ballyhooed “fintech” lender that has taken a stab at the jumbo origination space. Ocwen, which has been losing ...
The bulk market for mortgage servicing packages is revving up once again as October draws to a close and deal makers try to wrap up transactions before yearend, allowing clients to book income. “I would say that right now the market is pretty good,” said one investment banker. “Pricing is firm, but not as good as it was earlier in the year. Still, it’s the best it’s been in a few months.” Part of the reason for that strength is rising interest rates. As the week draws to a close, the yield on ...
Community bankers want to make sure they have access to the secondary mortgage market – including the ability to retain servicing rights – when the dust settles from housing-finance reform. The Independent Community Bankers of America and National Association of Federally Insured Credit Unions were among those that testified at a House Financial Services Subcommittee on Housing and Insurance hearing this week. Representing ICBA, Sam Vallandingham, president and CEO of ...
Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…
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