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LATEST U.S. MORTGAGE NEWS
Last Updated May 31, 2016 5:42 PM Central
MOST READ (Past 7 Days)

COFI Climbs Higher

preview | full story | May 31
A month-over-month increase was recorded for the 11th District Cost of Funds Index -- the fifth month in a row that it has escalated.

Mobile Mortgage Lending Insights

preview | full story | May 31
Several recent reports provide insight into how consumers are using their phones for financial services. Meanwhile, mobile applications are being designed for mortgages.

HUD Secretary Still Contender for Dem VP Slot?

preview | full story | May 31
Department of Housing and Urban Development Secretary Julian Castro was a rising star four years ago as the keynote speaker at the Democratic National Convention.

Mixed Reviews for TRID

preview | full story | May 31
Although residential loans take longer to close and cost more to process following the implementation of TRID, mortgage borrowers feel more informed about home financing.

LOS Advancements Made

preview | full story | May 31
Several of the top loan origination system providers have updated their products, integrated with other technology systems and touted new mortgage lender customers.

Homeownership Varies by Age, Income, Race

preview | full story | May 27
The results of a survey published by the nation's central bank looks at homeownership variances by demographics.

Fannie Delinquency Descends Further, Business Up

preview | full story | May 27
Serious mortgage delinquency, which was already lower than at anytime since mid-2008, fell further at Fannie Mae. New business, meantime, also improved.

Beverly Hills LO Fined, Banned from Industry

preview | full story | May 27
A loan officer who operated from an office in Beverly Hills, California, has been fined and banned from the mortgage industry for a year over alleged fee shifting.

Refinances Lead Weekly Mortgage Activity Down

preview | full story | May 27
Interest rates on residential loans migrated solidly north this past week, driving down demand for home-loan refinances as well as for overall new mortgage activity.

Mortgage Market Index 172 in week ended May 27

Freddie Unloading More Distressed Loans

preview | full story | May 26
Another sale of distressed residential loans for nearly $800 million is being offered by the Federal Home Loan Mortgage Corp.


mortgage news archives back to 1999

Caliber Making Significant Acquisition
May 31
The planned acquisition of a California-based company will add $1.5 billion to Caliber Home Loans Inc.'s annual originations and hundreds of employees to its payroll.

<read full story>


Lenders Tout Mortgage Originations
May 24
Several mortgage firms recently released data on their home-lending volume, while commercial mortgage lenders also reported activity.

<read full story>


Beverly Hills LO Fined, Banned from Industry
May 27
A loan officer who operated from an office in Beverly Hills, California, has been fined and banned from the mortgage industry for a year over alleged fee shifting.

<read full story>


Wells Fargo Debuts Low Down Payment Program
May 26
A new program from Wells Fargo & Co. promises to make it easier for prospective borrowers to apply and qualify for a low-down payment residential loan.

<read full story>


goodmortgage.com Hiring 100s
May 23
Now that it has been acquired by another company, goodmortgage.com has plans to add hundreds of employees in its hometown of Charlotte, North Carolina.

<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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