Author name: Ricky Vasquez

Waterstone Financial’s mortgage banking income rebounded from the first quarter’s just above breakeven numbers, helped by a $114 million increase in originations. Processing Content “The mortgage banking segment achieved solid growth in loan origination volumes compared to the prior year, but this growth was offset by softer sales margins,” William Bruss, CEO of Waterstone Financial, […]

PrimeLending narrowed recent losses from earlier this year, although current economic pressures have company leaders tempering near-term prospects for a boost in mortgage originations.  Processing Content Hilltop Holdings, the Dallas-based banking parent of PrimeLending, reported a second-quarter pre-tax loss of $2.02 million across its mortgage business. On an equivalent year-over-year basis, bottom-line numbers deteriorated noticeably

New-home sales in the US climbed in June for the first time in three months as heavy builder discounting helped offset high mortgage rates and subdued consumer sentiment. Processing Content Purchases of new single-family homes increased 1.6% last month to an annualized rate of 628,000, data released Friday by the federal government showed. Economists surveyed