|Mortgage Litigation Up 41%
DALLAS -- (Dec. 13, 2010) /PRNewswire/ Legal actions tied to mortgage-lending jumped by more than 40 percent in the third quarter of the year based on the Mortgage Litigation Index out today.
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Mortgage Fraud Case Activity Tumbles
|Mortgage Employment Index Off
DALLAS -- (Nov. 29, 2010) /PRNewswire/ More than a half million people worked in mortgage lending as of October 2005 -- the highest month on record. Five years later, fewer than half are left. Headcount in real estate finance fell by another thousand based on the Third-Quarter 2010 Mortgage Employment Index from MortgageDaily.com, a leading online news publication for the mortgage industry.
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DALLAS -- (Nov. 22, 2010) /PRNewswire/ After surging in the second quarter, mortgage fraud case activity sank based on the Third Quarter 2010 Mortgage Fraud Index from Mortgage Daily. The decline appears tied to reduced federal efforts.
Biggest U.S. Mortgage Lenders
DALLAS -- (Nov. 8, 2010) /PRNewswire/ Mortgage lenders are ranked based both on how many new loans they originate and how many loans they service. By those measures, the biggest originator of home loans is based on the West Coast, while the biggest mortgage servicer is based on the East Coast, according to the Third Quarter 2010 Mortgage Lender Ranking from Mortgage Daily.
Mortgage-Related Casualties Continue
DALLAS -- (Oct 12, 2010) During the third quarter, the failure or closing of 49 mortgage-related companies and operations were tracked in the Mortgage Graveyard from MortgageDaily.com. A subprime mortgage lender called it quits during the latest period, while a huge mortgage banker subsequently abandoned mortgage broker originations. Overall casualties this year are on track to subside from 2009.
Mortgage Litigation Index Tumbles
DALLAS -- (Sept. 13, 2010) As the government shifted its resources from civil to criminal mortgage-related cases, the Mortgage Litigation Index sank by more than half.
Mortgage Fraud Cases Jump 55%
DALLAS -- (Aug. 23, 2010) /PRNewswire/ A big surge in the number of active mortgage fraud cases helped push the Second Quarter 2010 FraudBlogger.com Index higher. The heavier caseload follows increased efforts by the Obama administration to prosecute mortgage crimes.
Mortgage Business Increases, Could Continue Higher
DALLAS -- (Aug. 9, 2010) /PRNewswire/ Residential mortgage originations improved from the first quarter, and early signs indicate the positive trend is continuing in the current period, according to the Second Quarter 2010 Mortgage Lender Ranking from Mortgage Daily. But FHA and reverse mortgage business was softer, and a top-ten originator has been replaced.
Mortgage Related Casualties Rise from 2009
DALLAS -- (July 12, 2010) During the first half of 2010, the number of mortgage-related firms to close or fail jumped by more than a quarter from the same time last year, according to the Mortgage Graveyard from MortgageDaily.com. The increase was driven by financial institution failures as the number of non-bank lenders to close has dwindled.
Mortgage Activity Soars
DALLAS & LINCOLN, Neb.--(BUSINESS WIRE) -- Driven by record-low interest rates, new mortgage activity jumped 30 percent in the Mortech-MortgageDaily.com Mortgage Market Index for the week ended June 30. It was the highest level on record for the index.
Bank Orders Increase
DALLAS -- (June 28, 2010) /PRNewswire/ Regulatory actions against U.S. financial institutions continued higher during the first quarter, albeit at a slower pace, based on a quarterly analysis by MortgageDaily.com -- a leading source of online news and data for the mortgage industry.
Mortgage Litigation Rises
DALLAS -- ( June 23, 2010) A surge in legal actions tied to foreclosures and investors-related cases helped push the Mortgage Litigation Index to an all-time high during the first quarter. Criminal cases more than doubled and mortgage insurance is emerging as an area of growing litigation.
June 3, 2010
Weekly Mortgage Activity Surges
New mortgage activity shot up 20 percent in the Mortech-MortgageDaily.com Mortgage Market Index for the week ended June 2.
May 17, 2010
Mortgage Jobs Manage 2nd Consecutive Gain
Mortgage employment expanded in the First-Quarter 2010 Mortgage Employment Index from MortgageDaily.com. It was the second consecutive quarter that mortgage jobs improved. Florida emerged with the biggest gain.
MortgageDaily.com Announces Expanded Content
Subscribers of MortgageDaily.com, a leading online news publication for the mortgage industry, will now have access to significantly more content as a result of a new agreement.
May 13, 2010
Q1 Mortgage Volume Tumbles, 2 New Top-10 Players
Residential originations continued to decline in MortgageDaily.com's First Quarter 2010 Mortgage Lender Ranking. Two top-10 originators were unseated.
May 5, 2010
Bank Failures Double
This year has seen a big decline in the number of non-bank mortgage lenders to close down, according to the Mortgage Graveyard from MortgageDaily.com. But the improvement was more than offset by a spike in failed financial institutions. More than twice as many federally insured banks have failed compared to the same point in 2009.
April 12, 2010
Regulatory Actions Double
U.S. Financial Institutions faced more than twice as many regulatory actions last year than in 2008, according to the Fourth-Quarter 2009 Regulatory Actions report from MortgageDaily.com. The latest list of troubled institutions suggests bank failures might increase before they slow.
March 22, 2010
Mortgage Originations Jump in 2009; Wells is Biggest
Residential mortgage production increased by more than a third last year, according to MortgageDaily.com's Fourth Quarter 2009 Mortgage Lender Ranking. Wells Fargo & Co. was 2009's biggest lender.
March 15, 2010
Modification Actions Drive Record Mortgage Litigation
Legal actions against mortgage modification firms continued to surge -- pushing overall mortgage litigation activity to the highest level yet, according to the Fourth Quarter Mortgage Litigation Index produced by MortgageDaily.com.
March 8, 2010
Mortgage Employment Expands in 09
Following three years of job losses when more than 100,000 positions were eliminated, mortgage employment expanded last year, according to the MortgageDaily.com Fourth-Quarter 2009 Mortgage Employment Index.
Feb. 15, 2010
2009 Mortgage Fraud Index Jumps
The number of mortgage fraud cases increased last year, though the dollar amount held steady, according to MortgageDaily.com's fourth-quarter 2009 mortgage fraud index. Activity was worst in Florida and Nevada.
Feb. 1, 2010
Record Mortgage-Related Failures in 2009
More than 200 mortgage-related firms ended operations or failed last year -- higher than any year since MortgageDaily.com began tracking the data.