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Last Updated March 19, 2018 1:29 PM Central
MOST READ (Past 7 Days)

Non-performing GSE Portfolio Sells

preview | full story | March 19
A Freddie Mac offering sold through an auction process had three residential pools with over $300 million in non-performing mortgages.

Real Estate Services Giant Being Acquired

preview | full story | March 19
A title insurance giant that has been a fixture on the American real estate landscape since the 1800s has agreed to be acquired by a larger peer.

Fannie Addresses Layered Risk High DTIs

preview | full story | March 19
A growing share of loans with high debt-to-income ratios and other high risk factors has recently concerned mortgage insurers and prompted a policy change at Fannie Mae.

M.I. Firms Warn About Freddie Pilot

preview | full story | March 16
The nation's mortgage insurance companies are warning about a new pilot program that enables Freddie Mac to bypass traditional mortgage insurance.

Refi Share Wider Despite Record Low Rate-Term

preview | full story | March 16
A modest weekly drop in new mortgage business was led by adjustable-rate mortgages. Government share widened, as did refinance share thanks to a gain in cashouts that more than offset a record-low rate-term share.

Mortgage biz off, gov share broader

Fee Simple: Understanding CA's New Recording Fees

preview | full story | March 16
On Sept. 29, 2017, California Gov. Jerry Brown signed Senate Bill 2, the Building Homes and Jobs Act, authored by Senator Toni Atkins (D-San Diego).

Multifamily Drives Down Permits, New Construction

preview | full story | March 16
Multifamily activity drove down overall housing permits and new construction last month, though there was an increase in completed apartment buildings. Construction activity in the Northeast was exceptionally strong.

GSE Refinances Sink to 6-Month Low

preview | full story | March 16
Monthly refinances of government-sponsored enterprise mortgages plunged to the lowest level in six months as government-supported refinance volume fell to a new low.

Fixed Mortgage Rates Retreat First Time Since 2017

preview | full story | March 15
For the first time this year, fixed interest rates on residential loans turned lower. But the story was different for adjustable-rate mortgages.

Mortgage Subservicer Hiring Hundreds in Missouri

preview | full story | March 15
A company that subservices residential loans has opened a new office in Missouri and plans to add hundreds of new employees by the end of this year.

mortgage news archives back to 1999

Lawsuit Accuses CMG of Raiding New Penn Employees
Jan. 22
CMG Mortgage Inc. is in the midst of a lawsuit accusing it of raiding nearly half of New Penn Financial LLC's retail division. CMG is run by the Mortgage Bankers Association's chairman-elect.

<read full story>

Mortgage Firms Change CEOs, Presidents
Jan. 26
The latest executive appointments in the mortgage industry include presidents, chief executive officers and a chief operating officer. A top human resource job has been filled at a government-sponsored enterprise.

<read full story>

Justice Department Investigating Lennar Mortgage Unit
Jan. 25
The mortgage subsidiary of home builder Lennar Corp. is being investigated over its handling of the lending process on government-insured loans.

<read full story>

Tax Law to Impact Home-Equity Products
Jan. 25
While home-equity loans and home-equity lines of credit can have lower rates than personal loans, the new tax law could lessen the benefit for some borrowers.

<read full story>

Caliber Home Loans Originations Increase in 2017
Jan. 19
Despite annual declines already reported by several of the nation's biggest mortgage originators, Caliber Home Loans Inc. experienced an increase. Servicing has also expanded.

<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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