twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map


subscribe to free Mortgage Daily email newsletter





Mortgage Activity Worsens
As rates continue to climb, mortgage applications continue to fall. Those looking for direction may have to wait awhile.
click 

here to read article

CitiFinancial Settles With Fed for $70 Million
CitiFinancial has entered into an agreement with the government to settle charges that it violated federal lending requirements and tried to mislead federal examiners.
click here to read article

Northwest Wholesaler Calls it Quits
A little more than a year after forming a wholesale mortgage lending subsidiary, a Washington-based bank holding company is closing the business.
click 

here to read article

Fannie, Freddie Facing New Threats to Market Share
As if Fannie Mae and Freddie Mac didn't have enough problems.
click here to read article

Credit Scores Nearly 50 Points Lower for Renters
Credit scores for homeowners with a mortgage are significantly better than scores for renters, according to a study by one of the "Big 3" national credit reporting agencies. The report also found that Texas is the state with the lowest average credit scores for mortgage borrowers.
click here to read article

Freddie Portfolio Off 6 Months in a Row
New business continued to increase at Freddie Mac, but the size of its investment portfolio has shrunk six months in a row.
click here to read article

Customer Complaints, Financial Mismanagement Lead to License Suspension
A Maine mortgage broker lost his license because he could not adequately operate his business. In a hearing leading up to the revocation, the broker blamed bounced checks and customer complaints on his recent health issues.
click here to read article

Do Not Call Violation Costs Mortgage Banker $20k
A mortgage company was fined $20,000 for reportedly violating conditions of Pennsylvania's "Do Not Call" law.
click here to read article

First Franklin Fundings Fall
The subprime arm of National City Corp. reported that adjustable-rate mortgages and branch expansion prompted its latest mortgage production to exceed monthly projections by 20 percent. But the unit still saw its business fall from the prior month.
click here to read article

NASD Cautions Against 100% Loans
Securities regulators recently warned investors about the risks of mortgages from brokerage firms that allow them to pledge their securities in lieu of a down payment.
click here to read article

Subprime Loans Cost More to Originate, Service
If lawmakers and regulators would stop interfering with the mortgage lending process, the free markets would sort out right from wrong and winners from losers.
click here to read article

Weakening Mortgage Market Seeing More ARMs
On the heels of more industry forecasts calling for falling originations, mortgage applications showed signs of contraction. While adjustable rates increased, long-term rates took a breather from two consecutive months of increase and aren't expected to change for the rest of the year.
click here to read article

Experts Forecast Fewer Fundings as Rates Expected to End 2004 at 6.4%
After increasing their projections for this year's mortgage volume every month since January, economists for two industry organizations have reduced their estimates due to the rising rate environment. It is also expected adjustable-rate mortgages will keep rising in popularity and comprise over a third of the record purchase volume anticipated in 2004.
click here to read article

Quicken to Boost Workforce
With plans to continue growing in its home state, a leading online mortgage lender will add 1,200 jobs to its staff over the next five years.
click here to read article

Fannie, Freddie May Still Pose too Much Risk to System
Rising interest rates has another top Federal Reserve official concerned about the financial vulnerability of mortgage behemoths Fannie Mae and Freddie Mac.
click here to read article

Lawyer for Predatory D.C. Firm Fined by FTC
The Federal Trade Commission has fined the legal counsel of a mortgage company for his roll in collecting payments on loans the FTC considers predatory. In addition to the fine, the attorney has been booted from the debt collection business.
click here to read article

Jump in Purchases at Fannie
Increasing for the second consecutive month, Fannie Mae's monthly business volume reportedly grew by a quarter. The company's duration gap saw a three month swing.
click here to read article

Kerry Vs Bush; What Does it Mean to Mortgage Industry?
When viewed through the prism of a presidential campaign, the mortgage industry is either booming or suffering.
click here to read article

Differences Between Prime, Subprime Markets Blurring
Shakespeare asked: "What's in a name?" and subprime lenders couldn't agree more. While the Bard was referring to the sweet smell of a rose, lenders armed with loan-level pricing technology find that, like Romeo and Juliet, they are no longer burdened by labels either.
click here to read article

US Bancorp Haunted by FirstPlus Loans
Minneapolis-based US Bancorp has agreed to pay $20 million to settle a class action lawsuit brought by consumers who alleged that they were charged mortgage loan fees that violated some state laws. The loans were originated and purchased from a now defunct subprime lender.
click here to read article

Freddie Forecast 6.3% Fixed Rate During 2nd Half of Year
Rates soared after another strong employment report and more loan applicants opted for ARMs bringing the share of these applications to the highest level in nearly a decade. Even as the outlook for rates remains highly volatile, an industry giant forecasted the long-term rate average will stay near the current level throughout the end of the year.
click here to read article

Principal, Citimortgage Deal Signals Industry Consolidation
Citigroup will buy Principal Financial Group's mortgage operations in a deal expected to close later this year. The acquisition isn't the only one brewing, as the mortgage industry braces for a wave of consolidation.
click here to read article

GE Getting Into Subprime Game
The consumer lending unit of General Electric Co. recently announced plans to acquire a subprime mortgage wholesaler. The move comes at a time when subprime lending is expected to rise.
click here to read article

It Could Happen to You
What is it about thieves and laptop computers loaded with sensitive information about mortgage customers? Another mortgage company must explain to its customers that their private data -- including social security numbers and information about credit card accounts -- is now in the hands of criminals.
click here to read article

Wells Plans to Add 1000 Jobs in Iowa
The mortgage and consumer arm of Wells Fargo & Co. has expanded its Iowa site plans, which will give room for hundreds of new employees.
click here to read 

article

Countrywide Breaks Three Records
Month-to-month loan fundings were up at Countrywide Financial Corp., with record levels of activity achieved in subprime fundings, home equity fundings and ARM fundings.
click here to read article

Grand Jury Probing Metropolitan
Already trying to hold off swarms of lawsuits while trying to emerge from a $500 million bankruptcy, an embattled mortgage and financial services conglomerate is being investigated by the feds.
click here to read article

HUD Investigating HomeBanc's Alliances with REALTORS
HomeBanc Mortgage Corp., an Atlanta-based company attempting to raise half a billion dollars through a public stock offering, has landed in the sights of federal regulators.
click here to read article

New Century Reports April Production
Monthly loan volume slipped for New Century Financial Corp.
click here to read article

Mortgage Jobs Increase
The labor market continued to grow at a rapid pace, including a welcome boost in mortgage-related jobs. While the news marks an advantage for job hunters, home hunters are likely to see higher rates.
click here to read article

Best Mortgage Companies to be Associated With
Several mortgage companies made a recent list of the best U.S. companies. The organizations were ranked based on how they served a number of groups with a stake in the company including shareholders, employees and customers.
click here to read article

Lehman to Sell Financial Freedom
IndyMac Bank has reportedly signed an agreement to acquire a company that will make it the top reverse mortgage lender in the nation.
click here to read article

CTX Mortgage Employee Stole From Company
Derek DeWitt wanted to make an impression on his new employer.
click here to read article

Rate Outlook Volatile
Rates surged for the seventh consecutive week in response to the Fed's recent remarks and anticipation of tomorrow's employment report, which will largely influence whether rates go up or down. Despite the current rising rate environment, mortgage application activity continued upward.
click here to read article

Sale of Loan Lands Lenders in Litigation
In a case of 'he said, she said', a Boston man has filed suit against Option One Mortgage and Wells Fargo Mortgage in an attempt to keep his home. The dispute centers around the plaintiff's claim that he didn't know where to send payments for a six month period because he had never been notified the loan had been transferred.
click here to read article

MILA to Add 800 Jobs Within 3 Years
A wholesale nonprime lender said it will add 800 new employees to its Washington state staff by 2006.
click here to read article

Principal Fundings Just Keep Falling
Principal Financial Group Inc. mortgage production descended on a yearly and quarter-to-quarter basis.
click here to read article

Cashouts Expected to Rise
An analysis released this week shows that the share of homeowners pulling cash from a refinance held steady from the prior period. But the report also suggests cashouts will increase this quarter.
click here to read article

Production at Impac Increases
The mortgage operations unit of Impac Mortgage Holding Inc. reported increased production.
click here to read article

FHA Connection
Lenders are now required to input credit bureau score data when underwriting government-insured mortgages.
click here to read article

COFI Teetering Near Record Low
The West coast index for adjustable-rate mortgages reversed course yet again.
click here to read article

Record Production Expected to Continue at Accredited
Accredited Home Lenders started the year with the highest quarterly mortgage loan volume in its 14-year history and sees continued growth over the year. The company also will reconsider becoming a REIT in 2005.
click here to read article

news about mortgage crimes

7 Sentences for Seven Women
Sentences have been handed down in a major mortgage fraud ring that federal authorities cracked in the South Carolina town of Anderson.
click here to read article

$38 Million Scam Ends in Tragedy
A prominent member of a well known family in a southern small town took horrific steps to end the humiliation of being exposed as a Ponzi scheme operator. Among the companies used in the $38 million scam was his mortgage brokerage.
click here to read article

Top Ten Ways for Originators to Prevent Fraud
Knowing about fraud but doing nothing about it can jeopardize your reputation -- and even your freedom. However, there are a number of steps an originator can take to ensure that fraudulent loan files don't land him or her in jail.
click here to read article

Nevada Tops Subprime Fraud Report
A recent report showed Nevada topped the list of states with the most subprime residential mortgage fraud, while Georgia reigned in the prime market. The results were based on alleged fraud information and incidents reported by major mortgage lenders, the secondary market agencies and insurers to a database.
click here to read article

Massive Scheme Duped Builders, Lands Mortgage Banker in Jail
Former New York mortgage banker Avram "Avi" Lebor will spend more than seven years in prison and must repay nearly $8.4 million for his role in what federal prosecutors have described as a "massive scheme" to defraud investors.
click here to read article

Former Christian Coalition Organizer Jailed for Fraud
One of the 10 commandments tells us "thou shall not steal." But apparently one conservative religious activist misunderstood.
click here to read article

stories for loan originators
Success Strategies for Rising Rates
With rates going up, the question often arises; What can I do to make sure I succeed in what looks to be a more difficult selling environment?
click here to read article

Right Text Can Boost Search Engine Results, Fundings
Many mortgage companies use their Web sites to attract new business. The text on the site's pages and the way it is organized can make a significant difference in generating more prospects -- and even help those prospects get further along in the mortgage process before the initial contact.
click here to read article

$2 Billion Wholesale Account Executive Talks About Success Secrets
InterFirst Wholesale Mortgage Lending recently honored its top sales employees, including one representative from California who says loving her job has helped her earn the Highest Producing Account Executive award for the second consecutive time.
click here to read article

Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news