twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map


switch to mobile version of this site


www.allregsmortgage.com
Mortgage Litigation Index | Q4 report
Quarterly index of mortgage litigation activity by category since 2007.

subscribe now
LATEST U.S. MORTGAGE NEWS
Last Updated Wednesday, June 19, 2013 05:11 PM Central
MOST READ (Past 7 Days)

10-Year Treasury Yield Surges

free preview | full story | June 19
A benchmark for mortgage rates surged to its highest level in more than a year following comments by the chairman of the Federal Reserve Board indicating that an end may be in sight for the central bank's bond buying strategy.

The Federal Open Market Committee issued a statement Wednesday saying that the latest economic data "suggests that economic activity has been expanding at a moderate pace."

Further recent improvement was noted in the labor market, though unemployment remains elevated. Household spending and business fixed investment improved, and the housing sector has strengthened further.


Top 10 Servicer Settlement Complaints

free preview | full story | June 19
It might not make the Late Show With David Letterman, but a list of the top 10 complaints for borrowers impacted by the national mortgage servicer settlement has been released. Problems with single points of contact topped the list.

Another Good Reading on Serious Mortgage Delinquency

free preview | full story | June 19
There has not been any deterioration in the rate of serious mortgage delinquency in more than a year. A pair of states on the East Coast boasted the highest delinquency rates in the nation.

Hundreds of HARP Hirings at PennyMac

free preview | full story | June 19
An effort to generate new business through the Home Affordable Refinance Program has PennyMac Loan Services opening a new California location and recruiting employees to staff it.

Purchase Closing Ratios Rise, Turnaround Slows

free preview | full story | June 19
As a growing share of refinance applications are failing to close, purchase applications are closing at the highest rate in four months. But the improved productivity on purchase financing is taking a toll on turnaround.

HUD Warns Servicers

free preview | full story | June 19
Abuses by some of the country's biggest mortgage servicers "shamefully endure," the head of the Department of Housing and Urban Development said in response to a progress report on the national servicer settlement that found fewer than 10 failed servicing standards out of more than 300. He put the firms on notice.

Improved Mortgage Performance Holds

free preview | full story | June 18
Serious delinquency on first lien mortgages maintained its post-recession low status, while the rate on junior liens fell to the lowest level in at least nearly a decade.

Outlook Improves for Home Purchase Financing

free preview | full story | June 18
Last year's estimate of loan originations to finance home purchases has been revised up by more than $100 billion. This year's projected purchase production was also pushed up by more than $100 billion, as was next year's purchase outlook. Improved purchase expectations offset a weaker forecast for refinances.

Congress Warned About QM

free preview | full story | June 18
The country's mortgage lenders are warning Congress that implementation of the Ability-To-Repay rule as it stands will take an especially hard toll on low-income borrowers. But that's not the only concern the industry has.

Senate Holds Hearing on HECMs

free preview | full story | June 18
Proposed changes to guidelines for federally insured reverse mortgages are expected to stabilize the program while protecting consumers, according to congressional testimony.


mortgage news archives back to 1999

Florida Foreclosure Bill Signed Into Law
June 10, 2013
A foreclosure bill emerged from Florida's legislature and found its way to the governor's desk. The new law expedites foreclosures on abandoned properties and reduces the window of time for lender to obtain a deficiency judgment.

Florida Gov. Rick Scott was busy on Friday, signing 34 state bills into law -- including a bill known as HB 87.

<read full story>


2 Bank Failures Last Week
June 10, 2013
Two bank failures last week included a financial institution with more than $400 million in assets and a small bank with related losses that are expected to exceed half of its total assets.

Mountain National Bank was seized Friday by the Office of the Comptroller of the Currency and closed down.

<read full story>


Chase Closing Distressed Loan Service Center
June 11, 2013
Hundreds of jobs are impacted by the closing of a JPMorgan Chase & Co. unit that handles distressed loans. A U.S. senator has talked to chief executive officers at two companies, including Chase, to identify opportunities for employees.

Last week, the New York-based company announced that it would close a call center in Albion, N.Y. The center handles distressed borrowers.

<read full story>


Fannie Foreclosure Executive Fired
June 14, 2013
The executive who oversaw an office in Irvine, Calif., where a Fannie Mae foreclosure specialist used his position to collect a bribe for a foreclosure listing agreement has been fired.

In March, Armando Granillo was arrested with $11,200 in cash in hand -- money he allegedly demanded from an Arizona real estate broker in return for being granted a listing agreement on a foreclosure owned by the Washington, D.C.-based firm.

<read full story>


Nationstar Hiring Over a Thousand AZ Employees
June 7, 2013
Faced with hundreds of billions of dollars more in loans to service, Nationstar Mortgage is executing a recruiting campaign in the Grand Canyon State to hire more than a thousand employees.

The Lewisville, Texas-based company has tripled its mortgage servicing portfolio over the past year. First quarter earnings indicated the portfolio had grown to $312 billion as of March 31 from $103 billion a year earlier.

<read full story>

MORTGAGE VIDEO NEWS mortgage video news
Video of Jim Cramer speculating on mortgage insurance opportunity
Opportunity Seen in Radian Shares
When the housing market was suffering, Mad Money's Jim Cramer says that he advised his audience to get out of Radian Guaranty Inc.'s stock.
<watch video>
Discussion about appraisal values
Top-Producing LO Calls for Appraisal Process Overhaul
One of the nation's top-producing loan originators says that the appraisal process is broken and needs to be overhauled, while an appraisal industry veteran says appraisers are getting a bad rap and are just trying to mirror the market.
<watch video>
Video of interview with Brian Moynihan
BofA Chief Sees Growth in Mortgage Production Ahead
The chief executive officer of Bank of America Corp. sees a robust mortgage origination market ahead but said the company is being very careful about which mortgages land on its balance sheet during these low-yield times.
<watch video>
Logout forgot
password?
Reverse Mortgage Leads
exclusive HECM leads
qualified & home valus $100k+
LenderPlus//AMC
Click to improve
your appraisal
process TODAY!
Encompass360
Automated Compliance
Paperless Processing
The LOS to Grow With
StreetLinks QX
The most powerful
QC review tool ever
created. LEARN MORE!
LO Survey
Habits/tools/services
used by biggest U.S.
loan originators.
Mortgage Compliance
Free newsletter about mortgage compliance
from AllRegs.
Originator Newsletter
Free news & advice
for LOs sponsored by
Exodus Marketing.
LOS Newsletter
Free news for Loan
Origination System
users from Calyx
News Feed
Add free consumer
mortgage news stories
to your Web site.
Special Servicer
Award-winning
servicing support
short sales and mods
Buying a Home
Home Ownership
Originator Jobs
Find loan officer
positions at
MortgageBoard.net

SUBSCRIBERS: Edit Subscription | Subscription Help | or call Holly at 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2013 MortgageDaily.com, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news