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Mortgage Broker News

Last Updated July 2, 2015 8:49 AM Central


Mortgage Jobs Jump as US Unemployment Sinks
Estimated total monthly staffing in the mortgage industry jumped by more than 6,000 jobs. Meanwhile, employment across all sectors expanded, and the unemployment rate fell to the lowest level in more than seven years.

Wholesaler Settles Charges of Discrimination
One of the nation's 25-largest lenders has settled allegations that minority borrowers were charged higher rates and fees on loans originated through its wholesale lending channel.

Broker's House Swept Away By Texas Floods
A mortgage broker in Central Texas who awoke to his house being flooded was able to escape before his house floated downriver.

Mortgage and U.S. Employment Strengthen
The mortgage industry and the broader economy saw monthly strengthening in the employment sector. Unemployment fell to the lowest level since before the financial crisis.

Mortgage Employment Sinks
The first month of the new year brought with it disappointing news about mortgage employment. Jobs data for other industries, however, was more optimistic.

Brokers Push Up Mortgage Employment Numbers
Hiring among all industries remained strong last month. Employment metrics also remained positive in home lending thanks to mortgage brokers.

Mortgage Jobs Increase
The latest reading on jobs in the mortgage industry indicates a month-over-month expansion, though headcount was off from a year earlier. U.S. unemployment, meanwhile, fell.

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 Branch News | Net Branch | Mortgage Branch Directory
Coverage of new and existing net branch operations. Programs, payouts and other details. Profiles of brokers and net branch lawsuits.



Yield Spread Premiums
Yield spread premium issues, studies and lawsuits. Mortgage wholesaler YSPs paid to mortgage brokers.


Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.



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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