Mortgage banking profits fell substantially for both loan production and servicing operations during the third quarter, according to a new Inside Mortgage Profitability analysis of nine top lenders. The nine firms, which accounted for... [Includes a chart and a graph]
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Ameriquest and Option One are on the auction block and at least one analyst thinks it is possible, although a stretch, to view this activity as a sign that nonconforming mortgage firms as a group are dying. “That’s one possible interpretation,” said Peter DiMartino...
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Lenders desperate to find new home loan markets have some new tools to help. The push is on to develop the technology and systems needed to tap into the emerging markets as two different firms have launched, or relaunched products to mine that channel. Just days...
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Nimble mortgage firms can thrive in a challenging 2007 market environment, but that means understanding what is driving business success, said TowerGroup in a new research paper. Lenders will need to “focus on the customer, looking at people, process, paper and...
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The fear that financial problems of parents will negatively affect servicing units hangs over the market. That is exactly what happened with PHH Mortgage recently. Fitch Ratings downgraded PHH’s residential primary servicer ratings for prime, Alt A and HE/HELOC...
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