twitter linkedin
facebook google+
Mortgage News

Search News
Search more than 30,000 pages of 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





Countrywide to Add Over 1000 Salespeople This Year
Defying the trend of layoffs in the mortgage industry, one of the country's largest lenders says it will significantly expand its sales force during the next five months, and will more than quadruple it within four years.
click here to read article

Cement Shortage Shouldn't Stump Purchase Originations
A growing cement shortage in the U.S. has raised some red flags of concern in the homebuilding industry, but it doesn't appear to be impacting the mortgage market.
click here to read article

30-Year Seen at 6.4% by End of Year
Mortgage activity was mostly unchanged, except purchase applications -- which were a little more firm. While long-term rates jumped from a five-week decline, one industry outlook has lowered its projection on these rates for the remainder of the year, while raising it for ARMs.
click here to read article

Production Surge Not Expected to Last at American Home
While quarterly loan volume surged for American Home Mortgage Investment Corp., the company projects lower production in the remaining half of the year.
click here to read article

More Help for Low Credit Scores
Credit scores can determine whether someone gets to enjoy the American dream or pay rent. These three little numbers can cause a conforming loan to become nonconforming. And while credit scores shoulder most of the weight in a credit decision, they are not cast in stone.
click here to read article

FHA Loan Fraud
Federal prosecutors in Philadelphia have cracked a mortgage fraud ring that preyed on buyers who couldn't afford the homes they were sold.
click here to read article

WaMu to Sell Mortgage Branches
After announcements last week of major mortgage layoffs at Washington Mutual Inc., a New York-based mortgage real estate investment trust will now acquire some of the thrift's home loan offices -- possibly saving about 500 employees from losing their jobs.
click here to read article

Unconventional Loans in the Secondary
The secondary market for loans other than government-grade, prime is experiencing a shift that mirrors changes in the national economy as well as the mortga
ge industry itself.
click here to read article

Audit Reveals FHA Lending Deficiencies at Wells
The largest originator of FHA loans may provide HUD with a multimillion dollar indemnification for underwriting deficiencies on the loans and improper submission for insurance endorsement, according to an audit report.
click here to read article

Flips & Sales & Puppy Dog Tails
All the players were in place to run a textbook mortgage scam -- mortgage broker, lawyer, appraiser, real estate investors and phony buyers.
click here to read article

ABN AMRO Originations Off
ABN AMRO reported another drop in monthly production.
click here to read article

Rising Rates Could Rattle Some RMBS
Rising interest rates can create concern for analysts of residential mortgage backed securities -- or RMBS, and ratings agencies see some pockets where performance may not mirror the overall market.
click here to read article

Company Adding 200 Originators
A Detroit mortgage banker has announced that it will recruit and train 200 new loan originators over the next 12 months.
click here to read article

30-Year Under 6% While ARM Way Up
While mortgage activity fell over the past week, the average one-year adjustable rate soared.
click here to read article

Massive Layoffs Continue at WaMu
After laying off thousands of employees last year and thousands more this year, Washington Mutual plans to let thousands more go.
click here to read article

First Horizon Fundings Climb
First Horizon National Corp. announced a jump in quarterly mortgage production.
click here to read article

Cendant Production Up
The mortgage segment of Cendant Corp. saw its quarterly production jump more than half. The report comes on the heels of another announcement about the sale of the unit.
click here to read article

Humorous Side to Mortgage Industry
Did you hear the one about the appraiser and the animal carcasses in the crawl space?
click here to read article

WaMu's Mortgage Banking Earnings Zero
While residential originations were up from the prior quarter, a decrease in mortgage banking income helped cut quarterly earnings in half for one of the country's largest mortgage originators. However, subprime and home equity originations appear to be strengthening.
click here to read article

Plan to Prevent Predatory Practices
Predatory lending can happen right under your nose at your own organization. Some lenders are so large that its difficult to know if and where abusive lending might be occurring, and they need a strategy to battle predatory lending inside their own companies.
click here to read article

FHA Lenders Accountable for Fraud Appraisals
FHA lenders will now be accountable for the quality of the work done by appraisers they hire.
click here to read article

June Looks Better for Fannie
Fannie Mae reported slightly higher business purchases and a lower duration gap during June.
click here to read article

Strong 2nd Quarter at Chase
Chase Home Finance experienced a nice jump in quarterly production -- supported by strength in its secondary business.
click here to read article

Extreme Predatory Lending
A California man has been accused by the state of extreme predatory lending practices -- leading to the revocation of his lending license.
click here to read article

Gold Rush at Golden West
The parent company of World Savings reported an all-time record in quarterly mortgage originations. The strong activity is the result of originators flocking to the company's adjustable rate programs.
click here to read article

Wells Volume Jumps
Wells Fargo & Company reported strong quarterly production, but mortgage originations may be weaker during the third quarter.
click here to read article

1003s & Ballots
Following a career in teaching, a failed mortgage company and two failed political campaigns, one Miami Republican continues to originate loans and -- driven by a desire to improve the local school system -- run for a seat on the local school board.
click here to read article

IndyMac Completes Financial Freedom Acquisition
IndyMac Bancorp, Inc. has now become the largest provider of reverse mortgages in the U.S.
click here to read article

Franklin Credit Nabs $310 Million Portfolio
Shopping for scratched and dented products is an activity not usually associated with the mortgage industry. But Franklin Credit Management Corp. said it picked up some less-than-perfect loans -- and at a pretty good discount.
click here to read article

Subprime Drives Higher Originations at Regions
Soaring subprime volume by EquiFirst enabled its parent company to report a 41% boost in quarterly volume.
click here to read article

Company Heading Toward Insolvency
You know a times are tough at a company when it can't make payroll.
click here to read article

National City Reports Nice Numbers
While National City Corp.'s 2004 originations are off from last year, the quarter saw increased conforming volume and record subprime originations.
click here to read article

30-Year Predicted to Reach Nearly 8% by 2007
Despite lower rates this week, less mortgage shopping occurred. However, the industry's primary trade group raised its forecast for this year's mortgage originations even as it has the 30-year fixed-rate mortgage in this quarter averaging 30 basis points higher than the current rate.
click here to read article

Net Branches Focus on Training for New Managers
While most net branch operations provide training to new recruits, the length, depth and breadth of that training varies between organizations. One company recently announced expanding its training from just a few hours to a couple of days, while another says even two days is not enough.
click here to read article

Bank of America's Production Soars
Quarterly mortgage production surged 20% at Bank of America.
click here to read article

Mortgages Still Among Top Spam Subjects
Real estate finance and sex may not appear to have much in common, but the findings of a recent study conclude that both are among the top three subjects in spam email messages.
click here to read article

Mortgage Business Better
Contrary to what was expected after the Fed's move last week, all is brighter on the mortgage front; loan application activity soared and mortgage rates plunged. And one industry outlook has borrowers seeing rates in the second half of the year 20 basis points lower than previously forecasted.
click here to read article

Record Non-Refi Production at Countrywide, Again
Month over month volume held steady at Countrywide Financial Corp. -- bolstered by record non-refinance business.
click here to read article

Record June at New Century
As one mortgage lender after another reports falling production, a major subprime player is shattering old records and upping its full year forecast.
click here to read article

RBC Adding Originators in South
A Canadian owned mortgage lender will expand in the Southeastern region of the country and add to its loan officer staff.
click here to read article

ARMs, Housing Bubble Pose No Risk to RMBS Market, Fitch Says
Recent RMBS ratings actions.
click here to read article

ABN AMRO Production Turns
May marked the first month of decreased production this year at ABN AMRO Mortgage G
roup Inc.
click here to read article

Flagstar Fundings Headed Down
Rising rates pushed down second quarter production at Flagstar Bancorp, and if the current pipeline is any indication -- the next quarter may be worse.
click here to read article

Interest Rates Hard to Find on Bank Web Sites
A good deal of visitors to bank Web sites are not likely to return, while many are frustrated with the lack of easy access to mortgage rate information, according to a recently released study.
click here to read article

Subprime Mortgage Among Loans at Heart of Bank Scandal
Executives of a New Jersey bank have been indicted as part of a federal probe into corruption at Philadelphia City Hall -- leaving shares of the company's stock lower.
click here to read article

Mortgage Jobs Strengthen
The government's latest employment numbers showed mortgage jobs continued to grow for the fourth consecutive month.
click here to read article

Group Forecasts 6.7% 30-Year in 12 Months
Mortgage activity turned lower after two weeks of improvement, and -- as expected -- short-term rates rose in response to the Fed's recent actions. However, long-term rates eased and aren't expected to climb too much over the next year.
click here to read article

NovaStar v PMI
Subprime lender NovaStar is locked in a federal court battle with mortgage insurer PMI Group over unpaid claims.
click here to read article

Mergermania in Full Force
As the second quarter wound down, the wave of consolidation in the mortgage industry was apparent -- with four separate merger transactions announced.
click here to read article

Challenges Facing Subprime Industry
Nonprime lenders will have to grow up to keep pace with the maturing market they will be serving.
click here to read article

COFI Still Falling
The West coast index for adjustable-rate mortgages decreased for the third consecutive month, plunging to a new record low.
click here to read article

news about mortgage crimes

FHA Loan Fraud
Federal prosecutors in Philadelphia have cracked a mortgage fraud ring that preyed on buyers who couldn't afford the homes they were sold.
click here to read article

Flips & Sales & Puppy Dog Tails
All the players were in place to run a textbook mortgage scam -- mortgage broker, lawyer, appraiser, real estate investors and phony buyers.
click here to read article

More Choices for Fraud Prevention
Two companies have teamed up to help lenders do a better job of preventing fraud. The new fraud detection service isn't the only antidote for fake forms -- as a host of services claim to help reduce mortgage crimes.
click here to read article

Detecting Fraud in Secondary Market
When mortgage fraud occurs, there are always clues left behind. But like in the popular television forensic thrilled CSI -- the clues aren't always easy to find.
click here to read article

stories for loan originators

Complaints As a Source of Leads
I have always been someone who advises sales people to think outside the box. Everyone says that, but what does "outside the box" mean? For one thing, it means taking what a typical trainer teaches you and throwing it out. For example, I believe that the typical mortgage originator does not get enough complaints. If they received more complaints they would increase their referral business.
click here to read article

SunTrust Star's Secret to Success
While for many, figuring out what it takes to become a top originator may be quite a task, Tennessee's best says the solution lies in building relationships with past clients.
click here to read article

Generating Internet Leads
More fresh and qualified mortgage leads. This is the mantra of the mortgage broker. However, getting these prospective clients can be a frustrating and expensive proposition.
click here to read article

Lead Generation Techniques
With dwindling refinances bringing gloomier days for many mortgage brokers and originators, two organizations are offering services that may brighten up business by helping to generate new loan prospects.
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