MBS Actions Drive Mortgage Litigation Index to Record High
DALLAS -- (Jan. 9, 2012) /PRNewswire/ Mortgage lawsuits ascended to the highest level since the Mortgage Litigation Index was first issued for 2007. While foreclosure and investor litigation played a role in the surge, cases involving mortgage-backed securities had the biggest impact.
The Third Quarter 2011 Mortgage Litigation Index from MortgageDaily.com came in at 218 total cases. The report was prepared in conjunction with Patton Boggs LLP and reflects activity covered by MortgageDaily.com.
The count was up from 190 second-quarter cases and 151 in the same period a year earlier.
read announcement
Mortgage and Bank Failures Fall in 2011
DALLAS -- (Jan. 3, 2012) The U.S. mortgage industry saw a marked decline in business closings last year. Non-bank casualties fell to the lowest level since before the financial crisis, while bank failures fell for the first time in six years. The biggest players in reverse mortgage lending called it quits.
California Claims #1 Mortgage Fraud Ranking
DALLAS -- (Dec. 13, 2011) /PRNewswire/ Activity climbed on mortgage fraud cases being prosecuted in California, leaving the state with more fraud than any other. New York also saw acceleration, while Florida's mortgage fraud index topped the list and Minnesota remained prominently perched among the worst locales. But as a whole, the country's case activity was slower.
Mortgage Employment Expands in Q3
DALLAS -- (Nov. 14, 2011) /PRNewswire/ It was the first time in five quarters that mortgage-related hirings outpaced layoffs, according to the Third-Quarter 2011 Mortgage Employment Index from MortgageDaily.com. Recruiting by JPMorgan Chase & Co. helped drive the gain.
MortgageDaily.com Releases Q3 Ranking
DALLAS -- (Nov. 7, 2011) /PRNewswire/ Strong refinance activity helped residential lenders lift third-quarter loan production, and the elevated originations have continued into the current quarter.
2011 Loan Originator Survey Released from MortgageDaily.com
DALLAS -- (Oct. 17, 2011) /PRNewswire/ A survey of some of the highest-volume loan originators provides valuable insight into the practices and services used by this elite group. The report addresses marketing, technology and mortgage compliance.
Bank Failures Sink
DALLAS -- (Oct. 3, 2011) /PRNewswire/ A 42% decline in bank failures this year has mortgage-related casualties sinking from 2010. But litigation against former management at those firms is up.
Foreclosure Lawsuits Push Mortgage Litigation Index Higher
DALLAS -- (Sept. 26, 2011) /PRNewswire/ The Mortgage Litigation Index from MortgageDaily.com climbed to its highest level during any quarter since it was introduced in 2007. Cases challenging the foreclosure process accelerated, though investor actions were higher and criminal activity shot up.
Minnesota Emerges as Mortgage Fraud Hot Spot
DALLAS -- (Sept. 12, 2011) /PRNewswire/ Minnesota has emerged as a problem area for mortgage fraud and helped lift national activity from the first quarter. But a national improvement from a year earlier was attributable to another three states.
Weakening Mortgage Employment Could Strengthen
DALLAS -- (Aug. 29, 2011) /PRNewswire/ More than 2,000 mortgage jobs have been eliminated this year, according to the Second-Quarter 2011 Mortgage Employment Index from MortgageDaily.com. But falling rates and worsening loan performance could lead to increased hirings in the second half.
|
