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Last Updated November 30, 2015 6:28 PM Central
MOST READ (Past 7 Days)

COFI Slips to Near Record Low

preview | full story | Nov 30
A minuscule decline in the 11th District Cost of Funds Index has it teetering very near its lowest level on record.

Fannie's New Business, Residential Delinquency Down

preview | full story | Nov 30
Although new monthly business subsided at the Federal National Mortgage Association, so did delinquency on its residential loans.

Appraisal Fraud Warning on Reverse Mortgages

preview | full story | Nov 30
A warning has been issued about the use of fraudulent appraisals on the refinance of government-insured reverse mortgages.

Ginnie MSR Offering Has Big Service Fee

preview | full story | Nov 30
An offering of mortgage servicing rights on more than $0.6 billion in Government National Mortgage Association loans comes with an attractive service fee.

Mortgage Biz Down in Holiday Week, ARMs Off Most

preview | full story | Nov 30
New mortgage activity fell last week, though -- given the Thanksgiving holiday and Black Friday -- the decline was modest. Adjustable-rate business sank.

Mortgage Market Index 107 in week ended Nov. 27

Growing Non-Bank Mortgage Sector Raises Concerns

preview | full story | Nov 30
A growing group of non-bank firms are grabbing a bigger share of risker government-insured mortgage originations and making loans that don't meet Qualified Mortgage requirements.

Northeast, West Drive Up U.S. Pending Home Sales

preview | full story | Nov 30
It wasn't a big increase, but monthly pending sales of U.S. residential properties inched up thanks to improvements in the Northeast and West.

GA Counties Sue BofA Over Foreclosure Losses

preview | full story | Nov 27
A trio of counties in Georgia have filed a federal lawsuit against Bank of America Corp. alleging that predatory lending practices led to foreclosures that cost them hundreds of millions of dollars.

Fixed Mortgage Rates Slip, Could Dip a Little More

preview | full story | Nov 27
A slight decline in long-term fixed rates on residential loans this past week could be followed up by a similar move lower over the next seven days.

President Signs Law Limiting GSE CEO Compensation

preview | full story | Nov 27
Multi-million dollar compensation for the chief executive officers of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. has been eliminated by a new law.

mortgage news archives back to 1999

Top 20 Mortgage Lender Reports No Delays from TRID
Nov. 20
A home lender that ranks among the 20-biggest mortgage originators in the nation has reported no delays to its digital home loans as a result of integrated disclosures.

<read full story>

More Mortgage Servicing Layoffs at Wells Fargo
Nov. 19
Less than a month after disclosing nearly 500 planned mortgage layoffs, Wells Fargo & Co. has advised more than a hundred California employees of their impending layoffs.

<read full story>

Another Mortgage Discrimination Settlement
Nov. 17
The vigorous pace of settlements between the government and mortgage firms over allegations of discriminatory lending practices continues in Michigan.

<read full story>

Help Wanted: Mortgage Loan Originators
Nov. 16
The U.S. banking subsidiary of a Canadian bank is pushing deeper into the mortgage market with a new recruiting campaign.

<read full story>

House Passes QM Legislation
Nov. 18
The House has passed legislation that would give financial institutions a break on Qualified Mortgage rule requirements -- though a presidential veto is likely.

<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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