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LATEST U.S. MORTGAGE NEWS
Last Updated Tuesday, April 22, 2014 05:32 PM Central
MOST READ (Past 7 Days)

Mortgage Compliance Services Address Several Rules

preview | full story | April 22
New or enhanced mortgage compliance offerings from multiple service providers promise to address a variety of new rules and regulations.

Home Sales Slow, Could Pick Up

preview | full story | April 22
Existing home sales slowed to the weakest pace in nearly two years. But real estate's top economist is predicting that the home market will strengthen.

Mortgage Business Falls Below $1 Billion at Regions

preview | full story | April 22
Regions Financial Corp.'s home lending business fell below $1 billion for the first time since Mortgage Daily began tracking its originations. Loan performance improved except for on investor commercial mortgages.

New 4-Yr Low for CMBS Delinquency; Healthcare Leads

preview | full story | April 22
Delinquency on securitized commercial real estate loans continued a run of improvement, falling to the lowest rate in more than four years. Out front of the improvement were healthcare property loans.

Ocwen Probed Over Fees to Related Company

preview | full story | April 22
Ocwen Financial Corp. is being probed by New York's banking regulator over potentially excessive fees being earned by a related company at the expense of borrower and investors.

Mortgages Performing Best Since 2007

preview | full story | April 22
The last time U.S. home loans were performing this well was in 2007, while it's been nearly as long since the foreclosure rate has been so favorable.

The Home Valuation Update

preview | full story | April 21
Announcements issued on Monday highlight how mortgage firms will benefit from activity happening in the world of valuation.

LO Sues for Millions in Unpaid Commissions

preview | full story | April 21
A federal judge has denied a lender's motion to dismiss a lawsuit alleging a loan originator is owed millions of dollars.

SunTrust Mortgage Closings Lowest in At Least Decade

preview | full story | April 21
New mortgage business at SunTrust Banks Inc. dropped to the lowest level in at least a decade.

Mortgage Origination Outlook Cut, Biggest Hit to Refis

preview | full story | April 21
Expected home lending levels have been cut for this year and next year, and the forecast for refinances took the biggest hit.


mortgage news archives back to 1999

AMC Giant Acquired
April 17, 2014
An appraisal management company that claims to be among the biggest of its kind has been acquired by an insurance product provider.

<read full story>


2014, 2015 Origination Forecasts Cut by $80 Billion
April 17, 2014
The outlook for mortgage production from all U.S. lenders during 2014 and 2015 was reduced by $80 billion compared to last month's forecast.

<read full story>


100s of Additional Mortgage Layoffs at Wells Fargo
April 17, 2014
The campaign to align staffing levels with mortgage production volume is continuing at Wells Fargo & Co., which has already cut thousands of mortgage jobs.

<read full story>


2014 Is Year of Mergers for Mortgage Firms
April 14, 2014
Although the number of mortgage-related casualties has significantly declined this past year, wholesale lenders are disappearing at a brisk pace. Meanwhile, mortgage mergers are on the rise.

<read full story>


Wells Fargo CFO: Mortgage Originations Could Rise
April 14, 2014
Despite a dramatic downturn in mortgage production at Wells Fargo & Co., the firm's chief financial officer says business could bounce higher.

<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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