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LATEST U.S. MORTGAGE NEWS
Last Updated May 24, 2016 5:22 PM Central
MOST READ (Past 7 Days)

Recent Decline in Mortgage Complaints

preview | full story | May 24
Although the volume of mortgage complaints has worsened compared to a year ago, mortgage firms are making progress on a month-over-month basis.

Mortgages Outstanding Up Even as Lending Down

preview | full story | May 24
Quarterly home lending has fallen, as has the rate of serious mortgage delinquency. But mortgages outstanding have grown.

Northeast Leads Jump in New Home Sales

preview | full story | May 24
The annual rate of the nation's new home sales increased last month, and it was the rate in the Northeast the led the month-over-month gain.

Mortgage Lates Up, Foreclosure Starts at 10-yr Low

preview | full story | May 24
Despite an increase in 30-day delinquency, the foreclosure rate declined and foreclosure starts descended to the lowest level in 10 years.

Events Tackle Mortgage QC, Originations

preview | full story | May 23
Among several upcoming mortgage-related events are an investor conference, a Fannie Mae quality-control boot camp and another boot camp for loan originators.

Appeals Court Rules for BofA in "Hustle" Case

preview | full story | May 23
A federal judge's ruling requiring Bank of America Corp. to pay more than $1 billion in penalties over agency loans originated by Countrywide Financial Corp. in its "Hustle" program has been reversed on appeal.

Condo Financing Might Get FHA Boost

preview | full story | May 23
Industry consultants say that condominium homeowners associations have increasingly been seeking Federal Housing Administration certification recently.

goodmortgage.com Hiring 100s

preview | full story | May 23
Now that it has been acquired by another company, goodmortgage.com has plans to add hundreds of employees in its hometown of Charlotte, North Carolina.

Weekly ARM, FHA Business Climbs, Jumbo Sinks

preview | full story | May 20
As new adjustable-rate and government-insured business moved higher, jumbo activity retreated. Overall mortgage business, however, was little changed.

Mortgage Market Index 179 in week ended May 20

Correspondent Executives Find New Homes

preview | full story | May 20
In addition to at least one C-Suite appointment, recent executive activity in home lending includes multiple correspondent lending executives who have found new jobs and a new retail lending leader.


mortgage news archives back to 1999

Bank of America Cutting Servicing Jobs
May 16
As part of an ongoing strategy to reduce overall costs and streamline its operations, Bank of America Corp. has announced plans to layoff employees.

<read full story>


MBA Chief Outlines Mortgage Industry's Challenges
May 16
As players in the secondary mortgage market meet in the Big Apple this week, the leader of the industry's prominent trade group talked about the industry's challenges.

<read full story>


Mortgage Firms Recognized as Best Employers
May 17
Several mortgage banking firms and two mortgage service providers have been recognized by local news publications as being among the best employers in their region.

<read full story>


Government Sues Guild Mortgage Over FHA Loans
May 19
Guild Mortgage Co. has become the latest target of the government in its witch hunt against lenders it claims improperly originate and underwrite government-insured loans.

<read full story>


Wells Fargo Fighting Whistleblower Lawsuit
May 16
A former employee of Wells Fargo & Co. is suing the home lender in a whistleblower action. He claims he was fired for not lying to distressed borrowers.

<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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