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Last Updated July 31, 2015 6:06 PM Central
MOST READ (Past 7 Days)

Surprise Record Low for COFI

preview | full story | July 31
While other short-term indices have been on the rise lately, the Cost of Funds Index tumbled to an all-time low.

Jumbo Surge Despite Weekly Mortgage Activity Drop

preview | full story | July 31
Though weekly mortgage activity fell back, jumbo mortgage business leapt ahead in spite of a less favorable jumbo-conforming spread.

Mortgage Market Index 133 in week ended July 31

Excellent Month at Fannie Mae

preview | full story | July 31
New business ascended at the Federal National Mortgage Association, while home loan delinquency fell to a new post-crisis low.

First Republic Bank's Mortgage Originations Soar

preview | full story | July 31
Quarterly home lending activity at First Republic Bank was up by nearly half. Also increasing was the servicing portfolio and income.

Washington Appraiser Recognized Nationally

preview | full story | July 31
A real estate appraiser has been recognized by a national appraisal association for his ethics and contributions to the industry and community.

Hotel Loans Lead Drop in CMBS Delinquency

preview | full story | July 31
With hotel mortgages leading the way, the rate of past-due payments on securitized commercial real estate loans continued falling to a multi-year low. Retail property loans, however, suffered a significant setback.

Ocwen Originations Up, Servicing Sinks

preview | full story | July 31
While Ocwen Financial Corp. managed to grow its quarterly home-loan production, its mortgage servicing portfolio plunged and its domestic staffing subsided.

Fixed Mortgage Rates Dip Below 4%

preview | full story | July 30
Long-term interest rates on residential loans fell below four percent this week and might not move much in the next report.

Marketing Agreements Abandoned on RESPA Concerns

preview | full story | July 30
Concerns about recent regulatory interpretations of the Real Estate Settlement Procedures Act have prompted two lenders to abandon marketing services agreements.

Order Issued Against Servicer of Distressed Loans

preview | full story | July 30
A servicer of distressed residential loans out of North Texas has consented to an order alleging it blocked delinquent borrowers from avoiding foreclosure.

mortgage news archives back to 1999

Mortgage Bankers Admit Defrauding FHA
July 14
Three people at a mortgage banking firm in the Miami area have admitted their roles in a massive fraud scheme involving government-insured mortgages.

<read full story>

Wingspan Bankrupt
July 15
After a spectacular rise to the top during the foreclosure crisis, special servicer Wingspan Portfolio Advisors LLC has landed in bankruptcy.

<read full story>

2 Financial Institutions Shut Down By Regulators
July 13
A small Colorado bank was seized by regulators last week and sold to the highest bidder, while a similar demise was met by a Pennsylvania financial institution.

<read full story>

Servicers Litigate Florida Foreclosures
July 13
The trend continues to hold -- lenders are losing on the appellate level when questions of standing arise in Florida foreclosure litigation. In the most recent series of lawsuits, several assignments were dated after foreclosure litigation had begun.

<read full story>

CFPB Deputy Director Departing
July 16
A top executive at the Consumer Financial Protection Bureau has disclosed his intention to leave his job at the regulator.

<read full story>

MORTGAGE VIDEO NEWS mortgage video news
Lack of GSE reform at heart of concerns
Henry Paulson Worries About Another Crisis
The former secretary of the Department of the Treasury who presided over the 2008 financial crisis is worried that conditions are ripe for another such event.
<watch video>
Video of interviews
Cordray Spars With GOP
The head of the Consumer Financial Protection Bureau made his way to Capitol Hill this week to deliver his semiannual report to lawmakers.
<watch video>
Video of interviews
The Players in Richmond's Eminent Domain Plan
Two of the key players in the battle between mortgage investors and and backers of an eminent domain plan talk about the controversial scheme, while a Realtor says his town has no business participating in the plan.
<watch video>
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