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 [...]
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Citi Originations Sink
April 16th, 2012 
davidguide 
Posted in Business Loans 
Tags: citigroup inc, earnings data, financial services provider, Mortgage, mortgage originations, north american mortgage, Originations, percent, post, Sink, tumble 
Comments OffWells HECM Originations Up Again
September 13th, 2011 davidguide Wells Fargo Bank, N.A., once again was the biggest originator of home-equity conversion mortgages for the month. It was the second month in a row that the reverse unit originated more HECMs than the previous month. The positive results came despite its disclosure in June that it would exit the reverse mortgage sector. View full [...]
Posted in Business Loans Tags: bank, conversion, HECM, home equity conversion, June, Originations, post, reverse mortgage, Sector, wells fargo bank Comments OffFairway Lifts Annual Originations, Recruiting LOs
January 24th, 2011 davidguide Home-loan fundings at Fairway Independent Mortgage Corp. increased 15 percent between 2009 and last year, according to data reported by the company. It was an all-time high for Fairway. This year, efforts will be focused on recruiting loan officers who become available as a result of new compensation rules. View full post on Mortgage Stories
Posted in Business Loans Tags: compensation rules, Fairway, fundings, Independent, independent mortgage corp, Lifts, loan officers, Originations, percent, result Comments OffRetail Reverse Originations Outrun Wholesale
October 12th, 2010 davidguide The volume of home-equity conversion mortgages originated through retail lenders was up 18 percent between July and August, according to Reverse Market Insight . But business generated through the wholesale channel was up just 6 percent. Compared to August 2009, retail HECM production was up 37 percent, while wholesale HECM volume sank 49 percent. View [...]
Posted in Business Loans Tags: August, conversion, HECM, home equity conversion, July, market insight, mortgages, Originations, Outrun, percent, Retail, retail lenders, Reverse, volume, Wholesale Comments Off
