Mortgage bankers originated $925 billion in loans during the third quarter, the industry's best showing in two years, according to exclusive survey figures compiled by National Mortgage News and the Quarterly Data Report.NMN/QDR found that through the first three quarters of the year lenders funded $2.4 trillion in home loans, and likely will end the year with well over $3 trillion in production, making it the industry's second-best year ever. Countrywide Home Loans, Calabasas, Calif., ranked first among all lenders, funding $146 billion in home mortgages, giving it a market share of 15.8%. (For a ranking of the top 30, see the Nov. 28 issue of NMN.)
-
This data release means another milestone for the use of updated credit score models than the current FICO Classic has been met by Fannie Mae and Freddie Mac.
7h ago -
The real estate and fintech company completed the purchase of 100% of Mortgage One Group, marking a major step in its push into AI financing.
7h ago -
The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
8h ago -
The Department of Housing and Urban Development got 67 responses to its request for information regarding the FHA program's Minimum Property Requirements.
9h ago -
Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
July 1 -
Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
July 1








