Originations

Loan applications to purchase newly constructed homes rose over one-third annually during December as new residential construction recovered, according to the Mortgage Bankers Association.

Bank of America's fourth-quarter mortgage origination volume more than doubled on a year-over-year basis, a faster pace of growth than two of its national banking peers.

Mortgage application activity increased 30.2% from one week earlier as purchases were at their highest level in over a decade along with substantial growth in refinancings, according to the Mortgage Bankers Association.

Fourth quarter gain on sale margin moved in opposite directions at two of the nation's largest banks, falling 9% quarter-over-quarter at JPMorgan Chase, but increasing 25% at Wells Fargo.

The fact that the more operationally skilled nonbanks have come to specialize in government mortgages is hardly surprising if you assess the cost to originate and service these loans.

Mortgage industry hiring and new job appointments for the week ending Jan. 10

ClosingCorp, a San Diego-based provider of closing cost data, has purchased the WESTvm mortgage loan order management technology from West, an affiliate of Williston Financial Group.

A Conference of State Bank Supervisors subsidiary settled a lawsuit with defendants who allegedly misused and reproduced copyrighted questions from a national exam mortgage loan officers take to obtain licenses.

Mortgage applications decreased 1.5% on a seasonally adjusted basis from two weeks earlier amid the annual end-of-year slowdown despite lower rates from global tensions, according to the Mortgage Bankers Association.

The nomination deadline for the 2020 Top Producers program is coming up soon.

High employment, low interest rates and technology helped two Metro Detroit mortgage giants post record years in 2019.

Canadian Imperial Bank of Commerce expects its growth in domestic mortgages to be more “market-like” in 2020, after last year’s contraction in home-loan balances, Chief Executive Officer Victor Dodig said.

Wyndham Capital Mortgage realigned its executive suite with the promotions of Ben Cowen to president and Josh Hankins to chief operating officer.

Mortgage industry hiring and new job appointments for the week ending Jan. 3

The drop in home buying power heightened the risk of misrepresentations on purchase mortgage loan applications during November, as consumers are more willing to fudge information in an uncertain market, First American Financial said.

Mortgage industry hiring and new job appointments for the week ending Dec. 27.

Mortgage applications decreased 5.3% on a seasonally adjusted basis from one week earlier led by a decline in conventional refinance loan demand, according to the Mortgage Bankers Association.

There are no statutory restrictions on the books in any state prohibiting lenders from conducting mortgage closings electronically or remotely.

The United Kingdom’s legal separation of retail deposit-taking from risker activities prevents banks from transferring domestic earnings internally, and the trapped capital has become the catalyst for a mortgage price war.

Mortgage industry hiring and new job appointments for the week ending Dec. 20.