Ocwen’s road ahead: Well, can't get any worse

Ocwen’s road ahead: Well, can't get any worse

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A candid look from the perspective of 2 recovering regulators
W S

Items Tagged with 'mortgage origination'

ARTICLES

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
Trey Garrison
The net cost to originate a mortgage is growing and the profit from closing an origination is shrinking, despite growing loan balances and steady loan production. Can you spot the drag?
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Mortgage business mixed at the Big Four banks in 4Q

A roundup of how the TBTFs fared in the mortgage space
Trey Garrison
The Big Four banks have reported their fourth quarter and full year earnings, and here’s a look at what happened in their mortgage space.
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Mortgage lending reverses yearlong trend

NY Fed: Mortgage debt increases $35 billion in third quarter
Ben Lane
The NY Fed report also shows that the amount of mortgage debt held by households increased by $35 billion from the second quarter to the third quarter, rising to a total of $8.13 trillion. But how did the rest of the mortgage market fare?
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Low interest rates drive refinances to six-month high

Interest rates fall again
Ben Lane
"Low rates are creating opportunities for homeowners to either lower their payments or capitalize on their homes’ equity," said Jonathan Corr, president and COO of Ellie Mae.
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Freddie Mac: 5 game-changing predictions for 2015

Interest rates to hit 5.5% in 2016
Brena Swanson
According to a new report, the U.S. economy is well poised to sustain about a 3% growth rate for 2015. As a result, here are five predictions for the housing market in 2015, including where interest rates will go and whether or not home sales will increase.
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CoesterVMS upgrades Encompass integration

Cloud Control System now available as native application
Ben Lane
"Our development team has taken the time to build an integration that is years ahead of anything else on the market," said Brian Coester, CEO of CoesterVMS. "Our goal is to provide unprecedented means of efficiency to the mortgage origination process. This integration does that and more."
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Independent mortgage bankers see 50% loan growth

Loan production increase is the first in the past three quarters
Trey Garrison
Loan production among independent mortgage bankers in the second quarter increased by 50% over the previous quarter, the first increase in the past three quarters.
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Carrington to expand operations in Indiana

Company will invest $3.17 million and add 360 new jobs
Ben Lane
"As a reputable mortgage company, Carrington Mortgage knows the importance of making sound investments," said Indiana Governor Mike Pence. "We are excited that Carrington Mortgage recognizes our talented workforce and commitment to keeping taxes low and has chosen Indiana as a fixture in its long-term business plan."
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Freddie Mac: 3 reasons lending will hit lows not seen since 2000

What’s the deal? Rates are at historic lows, but so are originations
Trey Garrison
Mortgage interest rates remain near historic lows and this past week they hit the lowest level of 2014. At this pace, originations will hit a 14-year low of $1.14 trillion for the year.
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Closing rate for mortgage originations drops in July

Closure for 90-day applications falls below 60%
Trey Garrison
Mortgage originations showed an overall closing rate of 57.7% in July 2014, down from 60.7% in June 2014, according to a sample of 90-day loan applications conducted by Ellie Mae.
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