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LATEST U.S. MORTGAGE NEWS
Last Updated July 16, 2018 9:29 PM Central
MOST READ (Past 7 Days)



BofA Earnings, Mortgage Originations Up

preview | full story | July 16
Quarterly earnings were stronger at Bank of America Corp. as originations improved. The payroll expanded, and the residential and commercial mortgage portfolios grew.

Monthly Issuance Rises at Ginnie Mae

preview | full story | July 16
A modest improvement was made in monthly securitization volume at the Government National Mortgage Association. But a year-over-year drop was also reported.

Citi's Home Lending Up, Mortgage Earnings Down

preview | full story | July 16
As company-wide earnings improved at Citigroup Inc., mortgage income fell. Headcount, servicing and single-family assets were all lower, and delinquency was higher. But residential loan originations rose.

Purchases Lead Weekly Mortgage Business Up

preview | full story | July 13
New mortgage activity picked up from the holiday week, with home-purchase financing leading the way. But the cashout share of business diminished to the most narrow level since last year.


Cashout share sinks to 9-month low


Mortgage Originations Up at Chase, Servicing Down

preview | full story | July 13
Although quarterly mortgage earnings deteriorated from a year ago at JPMorgan Chase & Co., company-wide income rose. Mortgage originations fell, as did servicing and headcount.

Fmr Trump Lawyer Got $3.5 Mil Mortgage Before Raid

preview | full story | July 13
Just days before his home and office were raided by the FBI, President Donald Trump's former personal lawyer took out a $3.5 million non-traditional mortgage.

Wells Fargo's Home Lending Heightens, Headed Higher

preview | full story | July 13
Company-wide earnings deteriorated at Wells Fargo & Co. But it boosted quarterly home lending volume, and the current quarter is poised for further escalation. Correspondent share tumbled.

Tiny GSE MSR Portfolio For Sale

preview | full story | July 12
Mortgage servicing rights on less than $200 million in government-sponsored enterprise loans with a three-state concentration are being marketed for sale to the highest bidder.

Escalation Reported for Mortgage Rates

preview | full story | July 12
The short-term report is that interest rates on residential loans turned higher this past week. The medium-term outlook is for more of the same.

Mortgage Apps Use AI, Crowd Sourcing Other Tech

preview | full story | July 12
Mobile applications for banks and mortgage companies have ascended to new heights thanks to other technologies like crowd sourcing, digital concierge services and artificial intelligence. Lots of recent mobile research has been published.


mortgage news archives back to 1999

Data Breach at SunTrust
Apr. 20
Data on more than a million customers of SunTrust Banks Inc. has been stolen. The heist was an inside job.

<read full story>


Q2 Mortgage Refinance Outlook Increases
Apr. 16
The second-quarter forecast for refinance originations has been raised -- though the gain came at the expense of expected second-half production.

<read full story>


Massive Judgment Against Founder of Mortgage Firm
Apr. 17
Plaintiffs in a lawsuit who were awarded an enormous amount of money for alleged defamation by the founder of a mortgage company are taking steps to collect.

<read full story>


Mortgage Originations Shift from FHA to Conv
Apr. 18
Compared to a year ago, conventional share has increased at the expense of government-insured share. Rising rates are impacting refinance share and, in turn, closing times.

<read full story>


Former ResCap Chief Named Ditech CEO
Apr. 19
The former chairman and chief executive officer of a previous ditech.com affiliate has become the CEO and president of the company that now operates as Ditech Holding Corp.

<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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