|
|
|
|
|
|
Complete list of specialty news sections
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.
Archive of MortgageDaily.com stories by month going back to 1999.
Reports and announcements from MortgageDaily.com.
Data and statistics for real estate finance.
Directories of lenders, branch operators and mortgage service providers.
Directories of lenders, branch operators and mortgage service providers.
|
|
|
|
 |
|
LATEST U.S. MORTGAGE NEWS
Last Updated Thursday, May 23, 2013 12:28 PM Central |
|
|
free preview | full story
| May 23
A new program from a national appraisal management company will enable appraisers to be paid when they do the inspection -- eliminating liability for mortgage lenders.
The launch of the AppraiserPlus designation was announced Thursday by StreetLinks Lender Solutions. The program will go live in August.
According to the Indianapolis-based firm, AppraiserPlus removes the traditional hurdles of micromanagement for individual appraisers such as real or perceived nuisance calls, texts and e-mails during the appraisal fulfillment process.
|
free preview | full story
| May 23
Modified home loans that are owned outright by the Federal Home Loan Mortgage Corp. are now being securitized. Excluded are loans modified through the Making Home Affordable initiative.
|
free preview | full story
| May 22
Home sales were better last month even as the distressed share of activity diminished. The news was good given that new construction and housing starts slumped.
|
free preview | full story
| May 22
Home prices are continuing to climb, and multiple sources indicate that some of the biggest gains are being made in Phoenix. The national outlook is for ongoing increases.
|
free preview | full story
| May 22
An agreement two years ago between federal and state regulators to coordinate supervision of companies that provide consumer financial products and services took a step forward this week.
|
free preview | full story
| May 22
Private investors have ponied up more than $100 million to help a growing mortgage firm fund further growth in originations and servicing.
|
free preview | full story
| May 22
Not only did the rate of mortgage delinquency decline in April, it has retreated for seven consecutive months. The latest reading reflected a drop in both new delinquencies and foreclosures.
|
free preview | full story
| May 21
Among recent decisions in mortgage compliance actions, a California state appellate court decided in favor of the borrowers in a case involving missing disclosures, yield spread premiums and an inflated appraisal on a subprime mortgage. A federal court on the East Coast recently ruled that another couple failed to exhaust their administrative remedies under what some have termed an obscure federal law now finding use in mortgage compliance lawsuits.
|
free preview | full story
| May 21
For three consecutive months now, mortgage bankers have raised their forecast for this year's refinance originations while maintaining their outlook for purchase production.
|
free preview | full story
| May 21
It's been five months since serious delinquency has increased on first mortgages, while the second mortgage rate hasn't worsened in three months.
|
mortgage news archives back to 1999
|
|
Shift in Mortgage Servicer Concentration
May 13, 2013
Although the three-biggest mortgage servicers reduced their servicing portfolios during the first quarter, a trio of rising stars each added mortgage servicing rights on more than $100 billion in loans to their own portfolios. While overall mortgage originations were off from the fourth quarter of last year, several players still managed to grow their businesses. The second-quarter forecast is for stronger mortgage production.
Residential lenders operating in the United States originated 6.2 percent less in loans during the first three months of this year than they did in the final three months of 2012, according to Mortgage Daily's First-Quarter 2013 Mortgage Lender Ranking.
<read full story>
|
USDA Mortgages Misunderstood
May 16, 2013
Many mortgage originators are not aware that a government lending program for rural properties can also be used to finance homes in not-so-rural areas.
Think a home located in the suburbs and above-average income levels equal disqualification for a U.S. Department of Agriculture home loan? Think Again.
<read full story>
|
Failed Bank's Former President Indicted Last Year
May 13, 2013
Losses at one of last week's bank failures are expected to exceed 40 percent of its assets. The former president at the bank had been indicted for loan fraud that allegedly occurred while he was at the firm. Two other financial institutions are also no longer in business.
The North Carolina Office of the Commissioner of Banks reported Friday that it closed down Pisgah Community Bank.
<read full story>
|
Flagstar CEO Replaced After Less Than a Year
May 17, 2013
After spending less than a year on the job, the president and chief executive officer of the eighth biggest residential lender has been replaced.
In its third-quarter 2012 earnings report, Flagstar Bancorp Inc. disclosed that its board of directors had appointed Michael J. Tierney to serve as president and CEO of the bank-holding company and subsidiary Flagstar Bank, FSB.
<read full story>
|
Production Jobs Dominate Mortgage Hirings
May 19, 2013
Two years ago, it was mortgage servicers that were doing most of the recruiting in real estate finance. Today, however, it is increased mortgage originations that are driving mortgage recruiting efforts.
Staffing at NewDay USA has grown from around 265 employees as of Dec. 31, 2012, to 360 employees as of May 15, the Fulton, Md.-based firm reported to Mortgage Daily. By next year, the reverse mortgage lender hopes to grow to a thousand employees.
<read full story>
|
|
|
| MORTGAGE VIDEO NEWS |
 |
|
|
|
|
|
|
exclusive HECM leads
qualified & home valus $100k+ |
Click to improve
your appraisal
process TODAY! |
Automated Compliance
Paperless Processing
The LOS to Grow With |
The most powerful
QC review tool ever
created. LEARN MORE! |
Habits/tools/services
used by biggest U.S.
loan originators. |
Free newsletter about mortgage compliance
from AllRegs. |
Free news & advice
for LOs sponsored by
Exodus Marketing. |
Free news for Loan
Origination System
users from Calyx |
Add free consumer
mortgage news stories
to your Web site.
|
Award-winning
servicing support
short sales and mods |
|
|
|
|
Find loan officer
positions at
MortgageBoard.net
|
|
|
