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 ...
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]
“The greater comfort that banks have in the current regulatory environment has situated them as more potential buyers of mortgage servicing product than was the case several years ago,” Fitch Ratings said.