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Last Updated August 31, 2016 6:42 PM Central
MOST READ (Past 7 Days)

Mobile Mortgage Advancements

preview | full story | Aug 31
Financial institutions and home lenders are continuing to improve their mobile technology for the benefit of both employees and customers.

COFI ARM Index Resumes Rise

preview | full story | Aug 31
Following a brief respite in June, the 11th District Cost of Funds Index last month resumed its upward trajectory.

Refis, Compliance Help Reduce Mortgage App Risk

preview | full story | Aug 31
As refinance share has widened and mortgage compliance has been bolstered, the level of risk on new mortgage applications has subsided.

Surge in West Drives Up U.S. Pending Home Sales

preview | full story | Aug 31
An improved employment market in the West region helped push up national pending home sales during July to the highest level in three months.

Refinances Nudge Up Weekly Mortgage Applications

preview | full story | Aug 31
A modest gain in weekly mortgage applications was driven by an increase in refinance activity. Government share of new business was more broad.

Several Mid-Level Mortgage Managers Appointed

preview | full story | Aug 30
Recent appointments in real estate finance include a pair of regional managers, a production manager and a consumer-direct executive.

Complaints Improve More for Mortgages Than Overall

preview | full story | Aug 30
Although there has been no reduction from a year ago in overall financial services complaints, the mortgage industry has made an improvement.

Northwest Leads Increase In U.S. Home Prices

preview | full story | Aug 30
Home values moved higher last month both on a month-over-month and year-over-year basis, and the Northwest was out front of the gains.

MSRs Eat Into Mortgage Servicer Earnings

preview | full story | Aug 30
An escalation in prepayment volume pushed up quarterly losses from mortgage servicing rights activity and drove earnings at the mortgage servicers deeper into the red.

Mortgage Production Profits Up on Employee Expense

preview | full story | Aug 30
As quarterly loan originations increased, independent mortgage bankers cut their per-loan employee expenses and doubled the bottom line.

mortgage news archives back to 1999

Caliber Caught Up in Disparate Impact Case
Aug. 19
A group of black borrowers whose distressed home loans were sold to investors by the Department of Housing and Urban Development claim they've been discriminated against.

<read full story>

Florida Mortgage Banker Dies
Aug. 25
A Florida mortgage banking executive who previously sold his mortgage company to Warren Buffett's Berkshire Hathaway Inc. has died of heart failure.

<read full story>

Stearns Lending Restructures Management
Aug. 24
Voracious growth has led Stearns Lending LLC to make changes to its management structure and to the titles utilized by its executive team.

<read full story>

FDIC Settlement Nets Chase Over $600 Million
Aug. 22
A settlement reached between JPMorgan Chase & Co.'s banking unit and the Federal Deposit Insurance Corp. will cover more than $600 million in litigation costs paid by the bank.

<read full story>

New Mortgage Application Arrives
Aug. 23
A new loan application for single-family loans has been unveiled for use on government-sponsored enterprise loans and government-backed mortgages.

<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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