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LATEST U.S. MORTGAGE NEWS
Last Updated September 4, 2015 1:22 PM Central
MOST READ (Past 7 Days)

Guaranteed Rate Hires Dozens of Discover LOs

preview | full story | Sept 4
Dozens of loan originators recently displaced by the closing of Discover Home Loans Inc. have been hired by Guaranteed Rate Mortgage.

Mortgage Biz Down as Refis Tumble On Rising Rates

preview | full story | Sept 4
Increasing rates on home loans drove down weekly refinance activity, helping to suppress overall mortgage activity ahead of the holiday week.

Mortgage Market Index 128 in week ended Sept. 4

Mortgage Jobs at Highest Level in Nearly 2 Years

preview | full story | Sept 4
It's been nearly two years since there have been this many people working for non-bank mortgage firms. Among all industries, the data was mixed.

Fixed Mortgage Rates Rise, Face Volatility

preview | full story | Sept 3
Fixed rates on home loans rose this past week. While market indicators point to little change over the next week, a key economic report due out tomorrow could alter that outlook.

Fannie Lengthens Foreclosure Time Frames

preview | full story | Sept 3
The amount of time considered acceptable for the foreclosure process in a majority of states has been increased by the Federal National Mortgage Association.

New Mortgage Production Chief at Wells Fargo

preview | full story | Sept 3
The country's biggest home lender has appointed an insider as the new chief of its mortgage production division.

MSRs on $2 Billion in Ginnie Loans Up for Sale

preview | full story | Sept 3
Bids are being accepted for mortgage servicing rights on a more than $2 billion portfolio of Ginnie Mae loans with a Golden State concentration.

Mortgage Credit Conditions Best in 6 Years

preview | full story | Sept 3
A key measure of the availability of credit in the residential lending arena stands at it's highest level in roughly six years.

Walter Consolidates Business Units

preview | full story | Sept 2
Walter Investment Management Corp. said that it has completed the consolidation of its loan origination and mortgage servicing businesses.

Consumer Bankruptcies at Lowest Level in 6 Months

preview | full story | Sept 2
Fewer consumers resorted to bankruptcy last month, with monthly filings falling to their lowest level in six months.


mortgage news archives back to 1999

Owner of Former VA Mortgage Lending Giant Sued
Aug. 25
The owner of a closed mortgage firm has been added to a federal whistleblower lawsuit accusing the company of overcharging veterans and defrauding the government.

<read full story>


Mortgage Player Just Got More Significant
Aug. 21
An investment fund that recently became a player in the world of mortgage banking has just made a huge acquisition that will boost its wholesale presence.

<read full story>


Busy Pace of Mortgage M&As Continues
Aug. 24
Along with a host of larger mortgage mergers and acquisitions that have been recently announced, several smaller deals have closed.

<read full story>


Non-QM Jumbo Mortgages For Sale
Aug. 26
A small portfolio of jumbo mortgages that don't meet Qualified Mortgage requirements is up for grabs. The loans are hybrid adjustable-rate mortgages.

<read full story>


FHA to Allow Lending on Homes With PACE Loans
Aug. 24
The Federal Housing Administration intends to allow home loans on properties with controversial liens used to finance energy efficient improvements.

<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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