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

www.reversefunding.com

subscribe to free Mortgage Daily email newsletter



Lowest Rates In 15 Months Could Go Lower
Falling mortgage rates are more likely to continue falling than rising, according to one group of analysts and economists who say there is a possibility of a big drop in the 10-year Treasury yield over the next few years.
read mortgage industry news article

New President at WaMu
Washington Mutual Inc. has a new chief for its mortgage operations.
read mortgage industry news article

HSBC Adding Hundreds to Mortgage Staff
HSBC Mortgage Services expects to double its headquarters staff within the next five years, as well as increase call center and wholesale staff, as a result of relocating the headquarters.
read mortgage industry news article

BoA, Countrywide Making Major Acquisitions
A pair of acquisitions announced today have two mortgage giants heading in different directions.
read mortgage industry news article

State Compliance Updates
GRAPEVINE, Texas -- Mandatory Spanish language forms, inclusion of yield spread premiums in the calculation of maximum fees and relief from lien releases were among the state compliance issues discussed at a recent nonprime conference.
read mortgage industry news article

Missouri Mortgage Co. Sued Over No Call Violations
The Missouri attorney general is suing a mortgage company for alleged "No Call" violations -- which could end up costing the lender at least $1.5 million.
read mortgage industry news article

Ponzi Suspect Shoots Self
With his subprime mortgage company in disarray, millions of his investors' dollars missing and a pending investigation by state regulators, Robert Kurland must have felt there was no way out.
read mortgage industry news article

Wholesaler Shutting Down
A Southern California bank is shutting the doors of its residential wholesale mortgage lending operation so it can focus on another business.
read mortgage industry news article

Ameriquest Overcharge Accusations Settled
Leading subprime lender Ameriquest Mortgage Co. has agreed to pay up to $50 million to settle a class action suit that accused the California-based company of, among other things, charging excessive fees.
read mortgage industry news article

2 Mortgage CEOs Among 10 Highest Paid D.C. Execs
There were no shortage of mortgage executives among a recent ranking of the most highly compensated executives in the Washington, D.C., area last year.
read mortgage industry news article

More ID Theft Prevention = Less Mortgage Fraud
Stolen identities can enable criminals to commit mortgage fraud. And despite the continued escalation of identity theft -- it can be prevented.
read mortgage industry news article

NovaStar Restructures Wholesale Unit
A shakeup at NovaStar Financial's wholesale lending unit has led to the exit of several managers.
read mortgage industry news article

Fannie's Book of Business Off Again
Secondary mortgage giant Fannie Mae managed to eke out an increase in acquired business last month, but its book of business continued to decline.
read mortgage industry news article

New Law Benefits Lender Class Action Defendants
The Class Action Fairness Act of 2005 was signed into law on February 18, 2005.
read mortgage industry news article

Lenders Added to Financial Indexes
An Internet originator and a small subprime lender are now included in a trio of small cap indexes.
read mortgage industry news article

Chess, or Monopoly?
Transactions with two banking behemoths top this week's coverage of mergers and acquisitions.
read mortgage industry news article

RBC Disputes HUD Audit Findings
Findings from a HUD audit critical of RBC Mortgage Co. were disputed by the lender -- which closed one of its offices as a result.
read mortgage industry news article

Wireless Wizards
A big player in the mortgage industry was recognized for its innovative use of BlackBerry devices to help its salespeople communicate and manage data.
read mortgage industry news article

Studies Support Risk Pricing, Prepay Penalties
GRAPEVINE, Texas -- Credit risk factors, and not race, determine pricing on subprime loans, according to new research -- which also said borrowers with prepayment penalties saved an average of nearly 40 basis points.
read mortgage industry news article

Rates, Apps Fall
Application activity worsened even though rates headed back down again and are not expected to move much anytime soon.
read mortgage industry news article

Freddie Business Strong
New business purchases increased for the fourth consecutive month at Freddie Mac.
read mortgage industry news article

Scam Diverted Millions in Hedge Funds to Mortgage Co. Fronts
Being denied a mortgage license didn't stop a mother and her son, who claim to be descendants of Turkish royalty, from operating several Connecticut mortgage companies with allegedly millions of dollars in cash flow.
read mortgage industry news article

Sell More by Composing Compelling Questions
Awareness of "buying signals" may be key in developing a successful sales career, according to one sales training book. These signals often appear in the form of questions, signaling a customer's interest in what is being offered, the book explained.
read mortgage industry news article

10-Year Treasury Yield Tumbles
European interest-rate cuts drove the 10-year Treasury yield below four percent Wednesday.
read mortgage industry news article

WMC Manager Accused of Murdering Parents
Twenty-five years ago, Southern California mortgage lending manager David Boysen said he was devastated by the murder of his parents.
read mortgage industry news article

FHA Commissioner Sworn In
President Bush's nominee for the federal housing commissioner post has been sworn in.
read mortgage industry news article

500 Job Additions Slated for Alt-A Lender
A Connecticut-based Alt-A lender is looking to relocate within the New England region and boost its staff by nearly three-quarters.
read mortgage industry news article

Beyond AVMs
Automated valuation services are going beyond determining property values -- with aerial photographs, mortgage leads and flagging of irregular area sales among the services being cross-marketed by providers.
read mortgage industry news article

Payment Shock a Concern w/Option-ARMs
The recent growth of option adjustable rate mortgages has led one ratings agency to more closely scrutinize the increased risk associated with the greater payment shock inherent with these loans.
read mortgage industry news article

Delinquency Improves Except for Subprime ARMs
A smaller share of borrowers were late on their house payments during the first quarter, the industry's most prominent trade group said Tuesday, and the improvement is expected to continue for a few more quarters. But subprime borrowers with adjustable rate loans didn't fare as well.
read mortgage industry news article

Mortgage Fraud Analysis: Part III
Few would dispute that mortgage fraud has been a growing problem. In this third of a three-part series, MortgageDaily.com looks at the prevention of fraud.
read mortgage industry news article

Mortgage Asset Borrowing Moves from Phone to Web
Overnight financing of mortgage assets has moved from the telephone to the Internet.
read mortgage industry news article

Study Warns of Payment Shock
A recent Harvard University study looks at the proliferation of new mortgage products and the payment shock that could face many in a changing economy.
read mortgage industry news article

Judgment Could Cost New Century Millions
A civil verdict awarded by a jury against the former chief information officer of an Orange County, Calif., lender may end up costing New Century Mortgage Corp. more than $11 million.
read mortgage industry news article

IO, 100% & Investor Loans Concern Economists
Although 2005 is expected to be a record year for the housing industry, economists are concerned about the proliferation of "exotic" mortgages.
read mortgage industry news article

Mergers, Investments & Offerings
A mortgage insurance company taking a position in a fraud recovery firm and the merger of two marketing firms hoping to convert Internet mortgage leads into live phone calls are among the latest reports of corporate transactions.
read mortgage industry news article

Broker Suspended Over Discarded Loan Files
One man's trash may be another man's treasure, but concerns were raised in south Florida when a mortgage broker pitched hundreds of records into the garbage after he was let go.
read mortgage industry news article

Rising Property Values Factor in Fraud
Residential mortgage fraud continues to plague the industry, according to a report from the Mortgage Asset Research Institute, but much of it is not being reported. And recently made subprime loans with serious defaults, which usually involve some sort of misrepresentation, are raising flags in states not traditionally known for high rates of fraud.
read mortgage industry news article

Rising Rates Headed Higher
Mortgage rates rose for the first time in a month -- a bad sign for those cheering the record number of people recently looking to finance home purchases.
read mortgage industry news article

And The Winner Is...
The "Oscars" of the business world have been awarded to several mortgage giants for the best conventions, best investor relations and best overall company.
read mortgage industry news article

Senate Confirms FHA Commissioner
The Federal Housing Administration has a new commissioner.
read mortgage industry news article

Originator Moves On from CU Sex Scandal
Caught up in the middle of a sex scandal, loan originator and one-time escort service operator Pasha Cowan said she never imagined that just a phone call to a local police detective would have led to such misery and mayhem for her and her teenage son.
read mortgage industry news article

Broker Growing & Hiring
A Virginia mortgage broker, citing success with online and Hispanic lending, has announced it will add more than a hundred positions.
read mortgage industry news article

Unlicensed Broker Draws Political Ire
An Ohio state senator is seeking an investigation of a rare coin dealer that she claims may have used state funds to make mortgages without a license.
read mortgage industry news article

Managing Personal Sales
Knowing how to sell is an important aspect to sales. But modifying sales activities based on prior results can be more important, according to the book, The One Minute Manager.
read mortgage industry news article

Processing Outsourced Online, Offshore
A Florida company is pitching an Internet-based processing service that cuts originators' costs and trims turnaround by as much as 40% by sending the work outside the country.
read mortgage industry news article

Volume Higher at National City
National City Corp. production increased and appears to be headed higher.
read mortgage industry news article

Ameriquest AEs Plead Guilty to Fraud
It sounded like an investment that couldn't lose.
read mortgage industry news article

Study Says Pricing Not Abusive
A recent study comparing rates between minorities and nonminorities among several major lenders dismissed conclusions drawn from previous findings that minorities and women are treated unfairly by lenders.
read mortgage industry news article

Servicers Forgive $11 Million in Foreclosure Debt
A GMAC subsidiary and Select Portfolio Servicing Inc. settled with West Virginia over claims of charging illegal fees that prompted questionable foreclosures.
read mortgage industry news article

Subprime Broker Among Recently Acquired Mortgage Cos
In the latest mergers and corporate transactions, mortgage fraud prevention has been given a new name.
read mortgage industry news article

Auditors Abandon Impac
Auditors have notified Impac Mortgage Holdings Inc. that they will not stand for re-appointement.
read mortgage industry news article

Top Originators Should Earn More Per Deal
A commission reduction is one of the fastest ways to decrease your net take home pay in a commission sales job. In fact, when I coach clients -- we quick start with the eradication of discounts negotiated.
read mortgage industry news article

100s of New Citi Jobs Include Mortgage Servicing
Citigroup will boost servicing staff in Ohio by over 40 percent within the next four months.
read mortgage industry news article

10-Year Yield Soars Past 4%
The 10-year Treasury note soared after markets received data that economic growth is not slowing down.
read mortgage industry news article

NY Mortgage Licensee Assessment Fees Raised
Mortgage brokers and bankers regulated by the New York State Banking Department are now responsible for paying assessment fees to cover the costs of the department's supervision. The increased fees follow the loss of revenue from two banks that moved to a national charter.
read mortgage industry news article

Loan Officer Blamed for Millions in Losses
A former lending officer at an Atlanta-based bank is being blamed for millions of dollars in losses and the closing of a subsidiary.
read mortgage industry news article

Polo in Paradise for Kauai Mortgage Co
Hanalei, HI -- Under sunny skies, gentle trade winds blowing, and Anini Polo Field a carpet of green following the winter rains, the 2005 season of the Kaua'i Polo Club opened last Sunday with Savage Pearls scoring an exciting 6-3 victory over Global Mortgage Group in a four chukker match.
read mortgage industry news article

Ameriquest CEO Exits
Ameriquest Mortgage has a new chief executive officer.
read mortgage industry news article

Foreclosures Improve
The number of foreclosed properties listed for sale in May fell.
read mortgage industry news article

Refi Strength Pushes Apps Up
A slowdown in the job market prompted improved rate forecasts and increased mortgage originator activity.
read mortgage industry news article

Volume Up at Countrywide
An increase in real estate purchase fundings drove total monthly production up at Countrywide Financial Corp.
read mortgage industry news article

Record Option One Production
Amidst milestone volume, the parent of Option One Mortgage Corp. said profitability from the segment has returned to more normalized levels.
read mortgage industry news article

MI Co Uses AU to Prevent Fraud
A mortgage insurance company has jumped into the fraud prevention business -- using its automated underwriting system to flag loans at origination. The new service is one of many available to help mortgage bankers stem the growing tide of fraud.
read mortgage industry news article

RESPA Education
A Texas company is looking to help mortgage professionals avoid breaking the law by educating them about the rules of RESPA.
read mortgage industry news article

Lawsuits Contend Texas Home Equity ARMs Illegal
Separate class action complaints have been filed against two major subprime companies by Texas borrowers alleging their adjustable rate home equity mortgages are unlawful in the state.
read mortgage industry news article

203K Allows Repairs After Purchase Closing
In its effort to streamline and improve federally insured mortgage programs, the country's housing agency has loosened some requirements on its home improvement financing for purchases.
read mortgage industry news article

Mortgage Fraud Analysis: Part II
Mortgage fraud continues to grow, according to the latest FBI statistics, and usually involves an industry insider. In this second part of an exclusive three-part series, the different types of fraud and the players are examined.
read mortgage industry news article

Best Mortgage Employers for MBAs
Nearly 5,000 students from 50 prominent business schools have chosen the most desirable companies to work at -- and a plethora of mortgage-related entities made the list.
read mortgage industry news article

Mortgage Execs Ponder IO Risks
Several mortgage executives recently discussed the acceleration of nonprime interest only production, investors' growing appetite for these loans and the possible associated risks.
read mortgage industry news article

Predatory Foreclosure Relief
Unsophisticated borrowers who are delinquent on their mortgages are being preyed upon by scam artists that offer the promise of relief and the reality of foreclosure.
read mortgage industry news article

Broker Baffled By No-Call Lawsuit
The Wisconsin attorney general has filed a lawsuit against a mortgage broker for allegedly violating the state's no-call list for telemarketers even though the broker thought the case had been settled.
read mortgage industry news article

Disposal Rule In Effect
In the wake of the overturned Arthur Anderson criminal conviction, the federal government has implemented a rule that requires mortgage companies to destroy documents and computer files.
read mortgage industry news article

More Sales Through Clarity
"Clarity" and "brevity" are just two of the secrets that can help increase sales and lead to business success, according to a new book that lends advice from some of today's most successful and influential business leaders.
read mortgage industry news article

WaMu Acquiring Providian
Topping the latest mergers, acquisitions and corporate transactions in the world of real estate finance is a giant whale that had previously lost its appetite.
read mortgage industry news article

Georgia Leads US in IO Nonprime Borrowers
The state with the biggest share of subprime, Alt-A and jumbo borrowers that have interest-only mortgages is Georgia, according to data from a mortgage research firm.
read mortgage industry news article

New Century Production Off
Monthly production edged down at New Century Financial Corp.
read mortgage industry news article

Mortgage Employment Strengthens
Jobs in the mortgage industry continued to climb, again reaching a new record.
read mortgage industry news article

Rates Won't Hold Long
There were fewer mortgage hunters in the market despite declining rates -- which aren't expected to continue the downward trend.
read mortgage industry news article

Selling Sins
Understanding why people don't buy instead of focusing on how "to sell" might be the key to a successful sales career, according to a new e-book that includes studies of more than 14,000 sales calls, buyer interviews, and a series of 27 surveys conducted over a three-year period.
read mortgage industry news article

Best Small Mortgage Companies
Despite the lack of mortgage originators, several companies that offer solutions and services to the industry made a recent ranking of The 100 Best Small Companies.
read mortgage industry news article

10-year Treasury Yield Sinks, COFI Rises
While indexes on adjustable rate mortgages continued climbing, Treasury yields took a breather -- sending the 10-year yield to its lowest level in over a year.
read mortgage industry news article

New Fannie CEO Mudd
The interim chief executive officer at Fannie Mae has taken a permanent role.
read mortgage industry news article

Allied Originator Impersonates Elvis
A Florida originator uses identity fraud to entertain real estate agents. But 'Suspicious Minds' needn't get 'all shook up' because this gig is legal and generating loans.
read mortgage industry news article

Product Integration on New Century's Plate
New Century Financial Corp. is breaking out of its subprime shell and well on its way to becoming a major force in other mortgage industry sectors.
read mortgage industry news 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