3 Consecutive Quarters of Mortgage Employment Growth
DALLAS -- (May 21, 2012) /PRNewswire/ Mortgage industry staffing has expanded each of the past three quarters, according to the First-Quarter 2012 Mortgage Employment Index from Mortgage Daily.
Originations Slip as Correspondent Lenders Retreat
DALLAS -- (May 7, 2012) /PRNewswire/ First-quarter mortgage closings slowed and could fall further during the current quarter, according to Mortgage Daily's Mortgage Lender Ranking. A third-party retreat at two big lenders hurt business, but another firm sees opportunity in buying loans closed by other companies.
Banks Hold Down Mortgage Casualties
DALLAS -- (April 16, 2012) /PRNewswire/ Thanks to fewer bank failures, mortgage-related casualties fell. If the trend continues, this year's count could land under a hundred for the first time since 2006.
Mortgage Litigation Index Sets New Record
DALLAS -- (April 9, 2012) /PRNewswire/ Foreclosure cases dominated quarterly mortgage litigation activity and show no sign of relenting -- helping to push the Mortgage Litigation Index to an all-time high. Among categories to show the worst deterioration were criminal, servicing and mortgage fraud. But investor actions slowed.
Mortgage Daily Publishes Over 15,000 Pages of News
DALLAS -- (March 6, 2012) Mortgage Daily, a leading online news publication for the mortgage industry, announced that it has published more than 15,000 pages of news.
Biggest U.S. Mortgage Lenders
DALLAS -- (Feb. 9, 2012) /PRNewswire/ Residential originations fell in 2011, and some lenders saw a bigger decline than others, according to MortgageDaily.com's 2011 Mortgage Lender Ranking. The government's role in residential finance was reduced last year.
MBS Actions Drive Mortgage Litigation Index to Record High
DALLAS -- (Jan. 9, 2012) /PRNewswire/ Mortgage lawsuits ascended to the highest level since the Mortgage Litigation Index was first issued for 2007. While foreclosure and investor litigation played a role in the surge, cases involving mortgage-backed securities had the biggest impact.
Mortgage and Bank Failures Fall in 2011
DALLAS -- (Jan. 3, 2012) The U.S. mortgage industry saw a marked decline in business closings last year. Non-bank casualties fell to the lowest level since before the financial crisis, while bank failures fell for the first time in six years. The biggest players in reverse mortgage lending called it quits.
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