Most of the gain in production income occurred at JPMorgan Chase, which reversed an unusual loss in the fourth quarter. Wells Fargo accounts for most of the increase in servicing profits.
Read More
JPMorgan Chase reported a $200 million increase in mortgage banking income in the first quarter of 2019, a period when the banking industry managed just a $21 million gain.
Read More
Market size, interest rate risk and a novel asset — mortgage servicing rights — combine to create a complicated investment decision for banks and private equity.
Is the long-awaited boom in mortgage mergers and acquisitions finally here? The sale of RoundPoint to Freedom Mortgage is sparking hope, but a villain has appeared: falling interest rates.
Homeownership rate looks likely to increase in the next 10 years though determining how many new households will need a mortgage is difficult, according to a survey conducted by the Federal Reserve Bank of New York.
A growing number of lenders are considering creating their own loan origination systems using technology from a variety of firms rather than using the traditional single-vendor LOS.
The first-time homebuyer market outperformed the rest of the housing market in a fairly weak first quarter, according to a report from Genworth Mortgage Insurance.
Read More