Home / Tag Archives: Quicken Loans (page 3)

Tag Archives: Quicken Loans

2013 in Review: Major MSR Deals

The fizzle of 2012's refinance boom and the publishing of new regulatory guidelines took their toll on origination numbers, but it was a decidedly different story for mortgage servicing rights (MSR) deals. DSNews.com takes a look back at some of the biggest wheelers and dealers in the MSR world over the past year, including Nationstar, Ocwen, Walter Investment Management Corp., and Two Harbors, among others.

Read More »

Execs from Lending Community Hash Out QM Questions

When it comes to next year's regulatory obstacles, CEOs and senior executives from the mortgage industry's biggest players agree on one thing: Education will be key to keeping business going smoothly. In a panel at the 2013 Realtors Conference and Expo, high-level names from Quicken Loans, Wells Fargo Home Mortgage, JPMorgan Chase, and Bank of America discussed the qualified mortgage (QM) guidelines, which go into effect in January 2014.

Read More »

Ally Agrees to Sell Remaining Servicing Rights to Quicken for $280M

Ally Bank has reached an agreement with Quicken Loans to sell the last of its remaining mortgage servicing rights (MSRs) portfolio, both companies announced. The purchase price is estimated to be approximately $280 million. ""This agreement marks a key milestone for Ally and, upon successful completion of the MSR transactions, Ally Bank will have exited all the non-strategic mortgage activities,"" said Barbara Yastine, present and CEO of Ally Bank.

Read More »

Quicken Loans Named No. 1 Workplace in Michigan

Detroit-headquartered Quicken Loans Inc., one of the nation's largest online lenders, and Quizzle LLC, a spin-off of Quicken Loans that provides free online financial tools, were ranked No. 1 in the Detroit Free Press' ""Top Workplaces in Michigan 2010"" list. Quicken Loans is not only hitting high marks as an employer, but also on the customer side. Last month, J.D. Power and Associates ranked the company highest in the nation in customer satisfaction among mortgage originators.

Read More »

J.D. Power and Associates Survey Shows Borrower Satisfaction Declining

A study released Thursday by J.D. Power and Associates shows that the time from submission of a mortgage application to approval time has increased by more than a week when compared to a year ago, despite changes in RESPA guidelines intended to streamline the process. J.D. Power says this longer timeline has had a negative impact on borrower satisfaction. The nation's largest mortgage lenders - BofA, JPMorgan, and Citi - ranked lowest in the firm's customer satisfaction survey.

Read More »

Wells Fargo Ranked Top Mortgage Originator, BofA Largest Servicer

Industry data released Monday shows that the biggest originator of home loans is based on the West Coast, while the biggest mortgage servicer is based on the East Coast. With more than $100 billion in new home loans, Wells Fargo held onto the top spot among mortgage originators during the third quarter of this year. Bank of America took the lead spot in the mortgage servicer rankings, with just over $2 trillion in residential home loans in its servicing portfolio as of September 30th.

Read More »

Quicken Loans Closes $3.4 Billion in Loan Volume in September

Quicken Loans Inc., one of the nation's largest online mortgage lenders, reports it closed approximately 15,500 home loans totaling $3.4 billion in loan volume in September. It's the largest monthly closed volume in the company's 25-year history. September's production surpassed the previous record set just last month. Quicken Loan's saw nearly 14,000 closed loans and $3.15 billion in loan volume in August.

Read More »

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.