DiTech Posts Big Growth in New Loans

For the second consecutive quarter, DiTech Funding Corp. of Irvine recorded double-digit growth in new loans.

The mortgage lender, capitalizing on historically low interest rates, said it processed $1.04 billion in loans in the third quarter, an increase of nearly 200% over the same period a year ago.

DiTech said third-quarter totals also represent a 26% gain over second-quarter volume of $826 million.