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Biggest U.S. Mortgage Lenders
Mergers and acquisitions are shaking up the standings of the biggest mortgage originators and will continue to reshape rankings through next year.
During the third quarter, Bank of America Corp. reported more residential production than any other lender.
In July, BoA acquired Countrywide Financial Corp. -- which had held the title of biggest mortgage lender during most of the past five years.
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Mortgage Fraud Falls
Quarterly mortgage fraud activity dropped. Some of the states with the most fraud activity were also the states with the most foreclosures.
Credit Crisis Spawns 243 Mortgage-Related Failures
Since the beginning of the credit crisis in 2006, 243 mortgage-related operations have collapsed or closed down.
Oct. 15
Analysis of HOPE for Homeowners Program (free report)
The law firm of Weiner Brodsky Sidman Kider PC has prepared a white paper on the HOPE for Homeowners Program created under as part of the Housing and Economic Recovery Act of 2008.
Oct. 10
Analysis of Economic Emergency Stabilization Act (free)
A new white paper analyzed the recently passed H.R.1424, the Emergency Economic Stabilization Act of 2008, which was signed into law on Oct. 3, and the Troubled Asset Relief Program that enables the U.S. Treasury Department to purchase, manage and sell up to $700 billion toxic mortgage assets.
Oct. 8
Over 9,000 Mortgage Layoffs in Q3
Employers slashed more than 9,000 mortgage jobs in the third quarter.
Oct. 6
Investor Lawsuits Surge Against Lenders
An analysis of mortgage-related litigation and legal actions in the second quarter indicates active lawsuits filed by shareholders against mortgage firms jumped more than 50 percent from the prior quarter.
Sept. 9
Summary of Housing Finance Law
Free overview of H.R. 3221, The Housing and Economic Recovery Act of 2008, prepared by the law firm of Weiner Brodsky Sidman Kider PC. In-depth summary of legislation.
download summary for free
Biggest Mortgage Lenders
A new company has emerged as the biggest U.S. mortgage lender.
July 28
Acquired Mortgage Companies Increase as Failures Decline
Mortgage-related company failures have fallen as the number of acquisitions has grown.
July 21
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