Financing

Foreclosure.com

Mortgage production last year was down slightly at Finance of America Holdings LLC. Also lower was the servicing portfolio and headcount.As of the end of 2017, the Horsham, Pennsylvania-based business serviced 10,920 single-family loans with an aggregate unpaid principal balance of $2.039 billion.Finance of America reported the details, as well [...]
Mon, Jan 22, 2018
Source: Financing
This year's forecasted volume of loans used to finance a home purchase has been trimmed by the nation's mortgage bankers, leaving less overall originations expected.First-quarter 2018 purchase and refinance single-family loan production by all U.S. residential lenders is predicted to reach $339 billion.Home lending is then expected to jump to [...]
Mon, Jan 22, 2018
Source: Financing
Economists at Fannie Mae have elevated their estimate of refinance production last year at the nation's primary mortgage originators. Even the purchase estimate was nudged higher.During just first quarter of this year, the secondary lender predicts that overall loan originations, including purchases and refinances, will total $366 billion.Aggregate national production [...]
Mon, Jan 22, 2018
Source: Financing
CMG Mortgage Inc. is in the midst of a lawsuit accusing it of raiding nearly half of New Penn Financial LLC's retail division. CMG is run by the Mortgage Bankers Association's chairman-elect.CMG Mortgage was established in 1993. While it was originally located in Pleasanton, California, it moved further north the [...]
Mon, Jan 22, 2018
Source: Financing
With government activity leading the way, new mortgage business turned lower last week. The proportion of people extracting home equity, meanwhile, widened to its broadest share on record.In the seven days that concluded on Jan. 19, the U.S. Mortgage Market Index from Mortgage Daily, a barometer of upcoming loan closings [...]
Mon, Jan 22, 2018
Source: Financing