While government-insured reverse mortgage originations were down for both retail and wholesale lenders during May, the biggest player — MetLife Bank, N.A. — pushed production higher. But with a more than 20 percent market share, MetLife’s upcoming exit from the business is going to leave a gaping hole. Retail-originated home-equity conversion mortgages endorsed during May [...]
Posts Tagged ‘mortgage originations’
More Business Management Tips:
Ready to Apply? Find Lenders Looking for New Deals
Business Tips & News:
Biggest Reverse Lender Overcomes Industry Slump
July 17th, 2012 
davidguide 
Posted in Business Loans 
Tags: bank, federal housing administration, home equity conversion, mortgage originations, percent, Player, Production, Reverse, reverse mortgage, Slump, wholesale lenders 
Comments OffCorrespondent Retreat Hurts PHH Production
May 2nd, 2012 davidguide A quarterly decline in mortgage originations at PHH Corp. was primarily the result of an earlier decision to reduce its reliance on the correspondent lending channel. The company’s pipeline of locked applications ready to close point to an even slower second quarter. But with widening profit margins and a “robust” retail pipeline, PHH’s chief was [...]
Posted in Business Loans Tags: correspondent lending, decision, Decline, lending, mortgage originations, phh corp, Profit, profit margins, quarterly decline, result, Retreat Comments OffCiti Originations Sink
April 16th, 2012 davidguide Citigroup Inc., which disclosed plans to stop taking business from mortgage brokers, saw quarterly loan fundings tumble by nearly a third. But delinquency improved from the final quarter of last year. North American mortgage originations decreased 32 percent between the fourth-quarter 2011 and the first-quarter 2012, the New York-based financial services provider reported in its [...]
Posted in Business Loans Tags: citigroup inc, earnings data, financial services provider, Mortgage, mortgage originations, north american mortgage, Originations, percent, post, Sink, tumble Comments Off
