Southern Bancorp adds new lending operations; Integro Bank launches mortgage division; MBA's Open Doors Foundation reaches new milestone; Common Securitization Solutions hires chief executive officer.
Originations of non-agency jumbo mortgages increased by 35% from the first to the second quarter. JPMorgan Chase’s acquisition of First Republic Bank bolstered Chase’s jumbo lending efforts. (Includes data chart.)
Lenders of non-qualified mortgages are continuing to reduce expenses through increased use of technology and adjusting compensation of certain employees.