Silver Hill names Jacqueline Weed vice president

Nov 18, 2007

Liberty Reverse Mortgage releases jumbo reverse mortgageMortgagePress.comJumbo reverse mortgages Liberty Reverse Mortgage has announced the release of its proprietary jumbo reverse mortgage product, the Liberty Preferred loan. Features of the loan include a home purchase option, no mortgage insurance premium, loans on homes up to $4 million in value and aggressive premium pricing allowing brokers to offset borrowers' closing costs. Liberty Reverse Mortgage Inc. is a reverse mortgage lender based in Rancho Cordova, Calif. For more information, call (800) 218-1415 or visit www.libertyreverse.com.

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Nov 18, 2007

Analysis and Data

loanDepot Reports Eighth Consecutive Quarterly Loss

Originator reports a quarterly net loss of $72 million on revenues of $223 million as first-quarter origination volume declines 8% year over year.

loanDepot reported its eighth consecutive quarter of losses Tuesday evening. The Irvine, Calif.-based lender saw its quarterly production volume fall 13% to $4.6 billion January through March, down from $5.3 billion the previous quarter and $4.9 billion in the first quarter ...

Analysis and Data

Mortgage Applications Increase 2.6% Over Week Prior

Latest MBA survey shows purchase and refinance applications still lagging, with 17% and 6% respective decreases YOY

Mortgage applications increased 2.6% the week ending May 3, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The Market Composite Index, a measure of mortgage application volume, increased 2.6% from the week prior on a seasonally-...