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LATEST U.S. MORTGAGE NEWS
Last Updated Monday, September 29, 2014 09:23 PM Central
MOST READ (Past 7 Days)

More North Texas Mortgage Layoffs at BofA

preview | full story | Sept. 29
A new round of layoffs in North Texas is just one of at least three in the region so far this year by Bank of America.

Digital Risk Says All Is Well

preview | full story | Sept. 29
While recent coverage of Digital Risk LLC might have suggested otherwise, the company says all is well despite the upcoming departure of its two top executives.

Pending Home Sales Remain Better than Average

preview | full story | Sept. 29
Homes with contracts on them slipped last month when no changed had been expected by economists. But activity remains better than average.

Servicing Rules Allegedly Violated in CFPB Action

preview | full story | Sept. 29
Regulatory action has been taken in the case of a residential loan servicer that allegedly violated mortgage servicing rules with the way it handled loan modifications.

MSRs on Fannie Loans For Sale

preview | full story | Sept. 29
Bids are being accepted for mortgage servicing rights on Fannie Mae residential loans that have a concentration in Texas.

CEO, President Both Leaving Digital Risk

preview | full story | Sept. 28
Following the loss of a big client and a round of Florida layoffs, the top two executives of Digital Risk LLC -- who re also the founders -- are exiting the firm.

Dozens Laid Off at Digital Risk

preview | full story | Sept. 28
Dozens of Digital Risk LLC employees in the Sunshine State are being let go as the company grapples with less business.

New Mortgage Business Slips, Jumbo Activity Up

free preview | full story | Sept. 26
A modest decline in mortgage rates helped loan originators eke out a gain in weekly activity. Refinances delivered the strongest performance.

Mortgage Market Index 162 in week ended Sept. 26

Health Care Loans Lead Drop in CMBS Delinquency

preview | full story | Sept. 26
A modest improvement was made on securitized commercial real estate loan performance, and the decline was most pronounced on healthcare property loans.

Nearly 1 Million HARP Refinances Over 100% LTV

preview | full story | Sept. 26
Monthly refinance activity on government-sponsored enterprise loans was little changed. While government-supported refinances are at their lowest level in more than five years, upside-down borrowers who have successfully refinanced through the program are nearing 1 million.


mortgage news archives back to 1999

Merger Creating a New Top-20 Mortgage Lender
Sept. 17
The upcoming merger of two independent lenders will create a mortgage banker that would have ranked among the 20-biggest originators last year.

<read full story>


New Jersey Mortgage Fraud Cases Fit For a Movie
Sept. 21
Three mortgage fraud cases out of New Jersey -- one involving a former mayor, another involving a mob accountant and a third involving a reality TV star -- are the stuff of movies.

<read full story>


Lender Penalized for Denying Loan on Indian Reservation Property
Sept. 15
A residential lender that denied a Native American couple's loan request because their property is on an Indian reservation ended up settling with the couple.

<read full story>


HUD Secretary Says Mortgage Credit Too Tight
Sept. 16
A reverse mortgage lender has settled allegations that it used deceptive advertising in its direct mail marketing campaign.

<read full story>


Purchase Finance Outlook Cut, Refi Raised
Sept. 15
An increase in the forecast for refinance fundings was offset by a reduction in the projection for purchase production.

<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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