Top Reverse Mortgage lenders 2012

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The report of the top 100 HECM lenders is now available for August. Below is a preview of the top 10 reverse mortgage lenders along with their production. This report is for retail production and does not include TPO’s (Third Party Originators).

Rank Lender Loans – Month Loans – YTD
American Advisors Group 547 2, 179
One Reverse Mortgage 418 3, 279
Genworth Financial 388 3, 030
Security One Lending 338 2, 044
Urban Financial Group 309 2, 482
Generation Mortgage 255 1, 923
First National Bank Layton 220 1, 408
Reverse Mortgage USA 113 769
New Day Financial LLC 69 488
10 Cherry Creek Mortgage 67 525

Mortgage Refinancing Boom To Benefit Banks

2012-10-11 10:16:07 by Pelham-Bay

October 11, 2012
Federal stimulus has ignited a boom in mortgage refinancing, benefiting both homeowners and banks. And the good times could continue as the government steps up its support of the broad housing market.
The proof will be in the profits.
On Friday, Wells Fargo and JPMorgan Chase, the top two mortgage lenders in the country, are scheduled to report quarterly earnings. Their results — and the wave of other bank reports that follow — will offer clues as to whether the current mortgage boom is sustainable or set to fizzle.
“We expect mortgage revenue to continue to be elevated in the third quarter and possibly into next year,” said Jason Goldberg, a banking analyst at Barclays

Home Owners' Association Fees

2012-08-28 08:43:04 by FWLittle

Ever see a discount HOA fee? No? Me, either.
What's so special about HOA fees that they don't
undergo competitive marketing elasticity?
We negotiate home prices, we haggle closing costs.
We wait or rush due to interest rates. We swap upgrade possibilities. We switch realtors to
secure a 3% break. We shop mortgage lenders for
an ideal package. But we go-along on HOA fees.
We request the country tax assessor reappraise the property. Merchants offer "no-tax this weekend" specials, but HOA fees remain stagnant. Workers accept temp jobs sans benefits and for fewer hours but HOA fees remain constant

Banks Hiring for Home Loans as U.S. Rebounds

2012-11-20 10:06:05 by SadRenter44

U.S. banks that have been earning record profits from home loans are adding or transferring thousands of staff to catch up with demand for refinancing after shortages blocked homeowners from getting lower rates.
Employment tied to mortgages rose 9 percent this year through September to 285,000, the most since 2008, according to the Bureau of Labor Statistics, as lenders responded to Federal Reserve efforts to push down borrowing costs, President Barack Obama loosened requirements, and housing recovered from a six- year slump. Even as banks added staff, they failed to keep pace, and kept mortgage rates “much higher” than they should be to curb demand, said Vipul Jain, an analyst at Morgan Stanley

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Top 30 lenders--new-home loans.(Marketrac[R])(mortgage banks)(Illustration): An article from: Mortgage Banking
Book (Mortgage Bankers Association of America)

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