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Mortgage Broker News

Last Updated Friday, December 12, 2014 11:06 AM Central


Prison for Former Executives of Failed MO Firm
A third senior executive has admitted his role in a bank fraud scheme that kept a Missouri company afloat as it racked up a huge deficit.

Mortgage Jobs Hold as US Employment Vastly Improves
A solid improvement in the nation's job situation placed upward pressure on interest rates. Mortgage employment, however, was stagnant.

Mortgage Broker Count Sinks in Oregon
The number of people making a living from mortgage brokering in Oregon has plummeted by more than two-thirds since before the financial crisis, though the total has recently been creeping up.

Mortgage Jobs Grow With Overall U.S. Employment
Mortgage companies added more jobs during September. Sector improvement came as U.S. employers increased payrolls by over 200,000 jobs in all industries -- with the unemployment rate sinking to the lowest level in more than six years.

Mortgage Jobs Expand, But US Job Growth Hurts Rates
The last time the unemployment rate was this low, the financial crisis hadn't yet culminated and another administration was in the White House. Mortgage jobs expanded, but the solid U.S. report is hurting mortgage rates.

Record Attendance at Mortgage Broker Conference
Attendance at the recent mortgage broker conference was better than it has ever been, prompting an optimistic outlook for the industry.

Mortgage Broker Cooperative Launches
A new cooperative targeted at mortgage brokers promises to improve access to wholesale lending programs while streamlining the origination process for wholesale lenders.

Mortgage Jobs Surge Despite Weak Jobs Report
While monthly job gains were weak among all U.S. industries, employment in the mortgage sector was stronger for the third month in a row.

Mortgage Broker Headed to Jail
A former mortgage broker in Pennsylvania has been sentenced to more than three years in prison for duping wholesale lenders.

Some Mini-Correspondents Subject to Broker Rules
Guidance has been issued to help mortgage brokers that are transitioning to mini-correspondent lenders better understand whether they are still subject to broker rules.

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News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.


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Mortgage Broker News | Originator Newsletter
Stories about mortgage brokering and broker programs. Profiles of successful mortgage brokers. Articles about mortgage brokers who excel at other activities. Broker lawsuits and criminal broker activity.


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