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LATEST U.S. MORTGAGE NEWS
Last Updated Friday, October 31, 2014 01:11 PM Central
MOST READ (Past 7 Days)

Ocwen Originations, Servicing and Earnings Worsen

preview | full story | Oct. 31
In addition to swinging to a big quarterly loss, Ocwen Financial Corp.'s originations moved lower, and its mortgage servicing portfolio contracted.

McLean Mortgage Lifts YOY Originations

preview | full story | Oct. 31
McLean Mortgage Corp. is one of the only companies that were able to lift residential loan production from a year earlier.

New Business More Than Doubles at Arch M.I.

preview | full story | Oct. 31
The latest quarter was a spectacular one for Arch Mortgage Insurance Co., with new business more than doubling and delinquency declining.

Mortgage Rates Rise On Strengthening Economy

preview | full story | Oct. 30
Mortgage rates bounced off last week's 2014 lows as optimism increased about the labor market and the Federal Reserve moved forward with its plans to end its quantitative easing strategy.

7th Yr of Growth Likely for CRE Loan Originations

preview | full story | Oct. 30
The origination of commercial real estate loans is forecasted to reach seven consecutive years of growth and surpass any year since the financial crisis.

Refinance Marketing Picks Up

preview | full story | Oct. 30
As interest rates on home loans have fallen below 4 percent, many mortgage firms are opening the marketing spigot to lure prospective refinance borrowers.

Mortgage Originations Jump at Quicken

preview | full story | Oct. 30
Home lending activity was up by nearly a fourth on a quarter-over-quarter basis at Quicken Loans Inc. The servicing portfolio expanded.

Judge Tosses Most of Huge Jury Award Against PHH

preview | full story | Oct. 30
A more than $16 million jury award against PHH Mortgage Services has been mostly thrown out by the judge in the case.

Apartment Loan Securitizations Soar at Fannie

preview | full story | Oct. 29
The volume of apartment loans securitized by the Federal National Mortgage Association nearly doubled on a quarter-over-quarter basis.

Credit Scores Rise, As Does Higher LTV Share

preview | full story | Oct. 29
After a period of loose lending standards, credit scores have returned to levels similar to those of two decades ago. But a larger share of mortgages have higher loan-to-value ratios.


mortgage news archives back to 1999

Merger Creating a New Top-20 Mortgage Lender
Sept. 17
The upcoming merger of two independent lenders will create a mortgage banker that would have ranked among the 20-biggest originators last year.

<read full story>


New Jersey Mortgage Fraud Cases Fit For a Movie
Sept. 21
Three mortgage fraud cases out of New Jersey -- one involving a former mayor, another involving a mob accountant and a third involving a reality TV star -- are the stuff of movies.

<read full story>


Lender Penalized for Denying Loan on Indian Reservation Property
Sept. 15
A residential lender that denied a Native American couple's loan request because their property is on an Indian reservation ended up settling with the couple.

<read full story>


HUD Secretary Says Mortgage Credit Too Tight
Sept. 16
A reverse mortgage lender has settled allegations that it used deceptive advertising in its direct mail marketing campaign.

<read full story>


Purchase Finance Outlook Cut, Refi Raised
Sept. 15
An increase in the forecast for refinance fundings was offset by a reduction in the projection for purchase production.

<read full story>

MORTGAGE VIDEO NEWS mortgage video news
Lack of GSE reform at heart of concerns
Henry Paulson Worries About Another Crisis
The former secretary of the Department of the Treasury who presided over the 2008 financial crisis is worried that conditions are ripe for another such event.
<watch video>
Video of interviews
Cordray Spars With GOP
The head of the Consumer Financial Protection Bureau made his way to Capitol Hill this week to deliver his semiannual report to lawmakers.
<watch video>
Video of interviews
The Players in Richmond's Eminent Domain Plan
Two of the key players in the battle between mortgage investors and and backers of an eminent domain plan talk about the controversial scheme, while a Realtor says his town has no business participating in the plan.
<watch video>
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