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Last Updated March 6, 2015 5:43 PM Central
MOST READ (Past 7 Days)

Refis Retreat on Rate Rise

preview | full story | Apr. 12
Home loan rates ticked up this past week, driving down overall activity -- especially refinances. The only category not to lose ground from the previous week was purchase financing.

Mortgage Market Index 186 in week ended March 6

Walter's Loan Production, Earnings Tumble

preview | full story | March 6
Full-year production totals were up forWalter Investment Management Corp. despite a slower fourth quarter. Earnings swung to a huge loss.

Best Mortgage Employers

preview | full story | March 6
Several mortgage-related firms made a prestigious list of the hundred best U.S. employers, with one having made the list a dozen times now.

Mortgage Employment Sinks

preview | full story | March 6
The first month of the new year brought with it disappointing news about mortgage employment. Jobs data for other industries, however, was more optimistic.

Fed Official Talks About "Patient" Language

preview | full story | March 6
One of the members of the Federal Open Market Committee, which decides the nation's rate policy, said the use of one word at its meeting signals where Fed policy is headed.

Appeals Court Approves $8.5 Bil BofA Settlement

preview | full story | March 6
An $8.5 billion settlement between Bank of America Corp. and mortgage investors has been approved by an appeals court -- ending years of wrangling over the trustee's role.

Fixed Mortgage Rates Lower, Might Hold

preview | full story | March 5
Fixed interest rates on residential loans moved lower this past week. While some signals suggest no change over the next week, the employment report could inject volatility.

SunTrust Wins Repurchase Legal Fight

preview | full story | March 5
A federal judge has handed SunTrust Banks Inc.'s mortgage unit a victory in a repurchase case involving a no-asset-verification program.

Jumbo Out Front of Eased Credit Conditions

preview | full story | March 5
Credit conditions in the home lending industry eased for the second month in a row, and jumbo mortgage programs led the loosening.

KeyBank Bets On Residential Lending

preview | full story | Apr. 12
A financial institution better known for its commercial real estate lending business has hired a senior mortgage banking executive to expand its residential lending.

Senior mortgage executive hired

mortgage news archives back to 1999

Chicago Judge Accused of Mortgage Fraud
Feb. 11
A county judge in Chicago has been removed from the bench while she awaits a hearing by a state commission over allegations of mortgage fraud.

<read full story>

More Servicing Layoffs at BofA
Feb. 12
Just a week after disclosing that it would eliminate hundreds of mortgage servicing jobs in Virginia, Bank of America Corp. has advised hundreds of North Carolina servicing employees of their impending layoffs.

<read full story>

Work-From-Home Underwriters Being Recruited
Feb. 13
A strengthening housing market has a residential lender based on the East Coast expanding its underwriting staff through a "work-at-home" recruiting campaign.

<read full story>

CFPB Coming Down on Reverse Mortgage Lending
Feb. 10
The regulator in charge of overseeing the nation's financial services has released a report highlighting borrowers' frustration with reverse mortgages and issued an order against a reverse lender.

<read full story>

Regulatory Actions Taken Against 3 Lenders
Feb. 12
Allegations of false advertising through marketing pieces that appeared to be government-affiliated have landed three separate mortgage banking firms in hot water with federal regulators.

<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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