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LATEST U.S. MORTGAGE NEWS
Last Updated June 23, 2017 4:35 PM Central
MOST READ (Past 7 Days)

LO Busted for Reverse Mortgage Fraud

preview | full story| June 23
A loan officer who originates reverse mortgages has been charged with committing mortgage fraud and not completing promised home repairs.

Mortgage Lending Forecasted to Fall After Q2 Peak

preview | full story| June 23
After peaking during the current quarterly period, single-family loan production is projected to retreat for the foreseeable future.

Quicken Loans Founder Wealthiest in Michigan

preview | full story| June 23
The founder and owner of Detroit-based Quicken Loans Inc. has been ranked as the richest person in the state of Michigan.

South, West Drive Up U.S. Home Sales

preview | full story| June 23
A surge in new home sales in the South and the West was enough to offset a plunge in residential sales in the Northeast and Midwest.

Top Latino Mortgage Originator Is At PrimeLending

preview | full story| June 23
The latest ranking of Latino mortgage originators is out, and PrimeLending is the employer of the No. 1 producer. The overall group nudged up annual lending.

9-Yr Low for Freddie's Single-Family Delinquency

preview | full story| June 22
Residential loan delinquency again turned lower at the Federal Home Loan Mortgage Corp., this time to the lowest level in nearly a decade.

Mortgage Rates Dip, Should Stay Down

preview | full story| June 22
Fixed mortgage rates slipped and aren't expected to move much at least until 2018. Home loans for veterans have the lowest average rates.

Mortgage Servicing, Staffing Expand at Caliber

preview | full story| June 22
Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months. Also expanding was its mortgage servicing portfolio.

Decade Low for Serious Mortgage Delinquency

preview | full story| June 22
A decade has elapsed since the rate of serious mortgage delinquency was as low as it was in May. The foreclosure rate also fell to a 10-year low.

Small Portfolio of Fannie Mae Loans Sold

preview | full story| June 21
A small portfolio of non-performing single-family loans that are owned by the Federal National Mortgage Association has been auctioned off.


mortgage news archives back to 1999

Supreme Court Opinion Could Impact RESPA
Jun 13
A small-town judge in the Empire State has been arrested for allegedly lying to a home lender to obtain a mortgage.

<read full story>


Fannie Addresses Credit Report Changes
Jun 13
Changes next month by the credit reporting agencies aren't expected to have a significant impact on Fannie Mae's policies or requirements.

<read full story>


Couple Claims Victory in 10-Year-Old Foreclosure
Jun 14
A Sound Beach, New York, couple fighting foreclosure for nearly 10 years "can finally close that chapter of their lives" now that their lender has missed court deadlines to continue the legal battle, the couple's lawyer said Tuesday.

<read full story>


Mortgage Recruiters Hire Entire Retail Teams
Jun 12
While some mortgage banking firms are handling new hires one at a time, others are recruiting entire teams of retail loan originators.

<read full story>


Fewer Banks Offer Mortgages as Non-Banks Grow
Jun 15
The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer share.

<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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