Silver Hill's CLEAR makes commercial lending as easy as residential

Jun 21, 2006

IndyMac named seventh largest U.S. mortgage originatorMortgagePress.comNational Mortgage News, IndyMac IndyMac Bank has been named seventh largest mortgage originator in the United States by National Mortgage News, up from 13th in the first quarter of 2005. The ranking was based on the company's mortgage loan production of $20 billion for the first quarter of 2006, up 72 percent from the first quarter of 2005. "We broke into the top 10 in the third quarter of last year, and this quarter's number seven ranking puts us well on the way to our goal of being a top six originator by 2010," said Michael W. Perry, IndyMac Bank's chairman and CEO. "While we consider this a significant achievement, given the tight band of production for those ranked seventh through 10th, we are well aware that we could move down before we move up further. Our real focus is not on whether we are ranked seventh or 10th, but on how we can profitably get to sixth sooner than 2010." IndyMac Bank is a savings and loan based in Pasadena, Calif. For more information, call (800) 669-2300 or visit www.indymac.com.

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Jun 21, 2006

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...