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Last Updated March 27, 2015 5:36 PM Central
MOST READ (Past 7 Days)

Mortgage Activity Off Despite Improved Rates

preview | full story | March 27
Although interest rates improved this past week, new mortgage activity slowed down. One bright spot, however, was jumbo business.

Mortgage Market Index 203 in week ended March 27

Massive Sale of Distressed Loans by Freddie

preview | full story | March 27
As the secondary mortgage market continues to thaw, the Federal Home Loan Mortgage Corp. unloaded a record amount of distressed loans.

Mortgage Firms Take on New Leaders

preview | full story | March 27
While one of the government-sponsored enterprise snagged a mortgage executive from a big-name financial institution, a young West Coast company recruited several leaders to spearhead a growth spurt. Other appointments include technology, sales and production executives.

FHA Appraisal Delivery Going Digital

preview | full story | March 27
Mortgagees on government-insured residential loans will have to start using a new electronic portal to deliver appraisal reports next year.

Chase Eliminating 100s of NY Mortgage Jobs

preview | full story | March 27
Hundreds of mortgage positions in the state of New York are being eliminated by JPMorgan Chase & Co. While most of the jobs are in servicing, some are related to refinancing.

Big Banks Battle Florida Foreclosures

preview | full story | March 27
Standing -- whether or not a lender has the right to foreclose -- is still showing up as an issue for banks in Sunshine State foreclosure litigation. And one national lender was slapped by both the trial and appellate courts for having "unclean hands" after it foreclosed on a Florida homeowner.

Mortgage Rates Fall But Likely to Jump

preview | full story | March 27
Following two consecutive weeks of improvement, fixed rates on home loans are poised to turn higher in the next report.

FHA Chief Being Replaced

preview | full story | March 26
A new official has been appointed to oversee the Federal Housing Administration -- though it won't be as Federal Housing Commissioner for the time being.

Mortgage Complaint Disclosures Raise Several Issues

preview | full story | March 26
The planned public disclosure of consumer complaints has many in real estate finance concerned. In addition to being limited about how lenders can respond -- complaint validity, consumer confusion and privacy are issues that have been raised.

GSE Refis Decline, New Low for HARP Production

preview | full story | March 25
After declining to the lowest level on record, government-supported refinance activity descended further. Overall refinance volume was lower at the government-sponsored enterprises.

mortgage news archives back to 1999

Mortgage Lender Ranking
March 16
While there was no change in the top-five ranking of home lenders, the concentration of business among the 10 largest lenders dropped. Banks gave up significant market share to non-banks and credit unions.

<read full story>

Big Hiring Plans at Some Mortgage Firms
March 17
While the mortgage industry as a whole recently saw a decline in its population, some firms have been adding hundreds of new jobs.

<read full story>

Hundreds of Mortgage Jobs Eliminated
March 22
Some of the biggest players in the mortgage industry have recently eliminated more than a thousand jobs in the aggregate as they adjust to current conditions.

<read full story>

Mortgage Rates Drop, Further Decline Could Follow
March 19
Interest rates on home loans took a tumble this past week, and signs point to an even further decline in the upcoming report.

<read full story>

Servicers Battle Borrowers in Court
March 17
A California lawsuit where the court roundly criticized both parties for overreaching was among the activity in recent servicing-related lawsuits. Other cases involved a 1099 that one plaintiff says shouldn't have been issued after the foreclosure of his house, a court order into arbitration and another court order into mediation.

<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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