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LATEST U.S. MORTGAGE NEWS
Last Updated June 25, 2016 8:40 AM Central
MOST READ (Past 7 Days)

Events to Cover Appraisals, Non-Performing Loans

preview | full story | June 27
Upcoming mortgage-related conferences and events include a home valuation expo, a bank lending workshop and a symposium on re-performing and non-performing loans.

Refi Slump, Rate Rise Likely to Reverse on Brexit

preview | full story | June 24
As rates inched higher over the past week, new refinance activity tumbled. But recent developments in the United Kingdom are likely to reverse the latest activity.

Mortgage Market Index down 11% in week ended June 24

Brexit-Driven Market Turmoil Drives Down Rates

preview | full story | June 24
Now that Great Britain's exit from the European Union is a reality, global markets are in chaos -- driving down interest rates in the process.

Mortgage Rates Creep Up, Could Ascend Further

preview | full story | June 23
Mortgage rates ascended during the past week, are still rising and are likely to be worse in next week's report. But bad news out of Europe could change that outcome.

Several Correspondent Lenders Settle With ResCap

preview | full story | June 23
Nearly a dozen correspondent mortgage lenders have agreed to a settlement with a unit of bankrupt Residential Capital LLC.

MSRs on $3 Billion in Ginnie Loans On Market

preview | full story | June 23
Mortgage servicing rights on a little more than $3 billion in agency home loans are being offered for sale to the highest bidder.

Ocwen Settles False Claims Allegations

preview | full story | June 23
Ocwen Financial Corp. has settled charges that it violated the False Claims Act on government-insured lending and loan modifications.

Slowing New Home Sales Led by Northeast

preview | full story | June 23
With the Northeast leading the way, sales of new houses turned lower last month. The new home inventory is at the highest level in nearly seven years.

Outdated Technology Bogging Down Some Servicers

preview | full story | June 22
A regulatory report indicates that mortgage servicers are continuing to utilize failed technology that has harmed borrowers and violates servicing rules.

Existing Home Sales, Prices Rise

preview | full story | June 22
The annual rate of home sales improved last month, with the biggest gain being made in the West. Average U.S. home prices were also higher.

Industry Groups Call for Elimination of GSE LLPAs

preview | full story | June 22
Trade groups representing mortgage bankers, financial institutions and Realtors are among two dozen groups calling for the elimination of loan level price adjustments.


mortgage news archives back to 1999

MERS to be Sold
June 17
A deal reached for the parent of the New York Stock Exchange to invest in MERSCORP Holdings Inc. is expected to benefit the home lending market.

<read full story>


DU Update Delayed
June 13
The Federal National Mortgage Association has disclosed that it is postponing the release up an updated version of its automated underwriting system.

<read full story>


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>


Despite Recovery, Las Vegas Well Below Bubble Peak
June 16
One of the most devastated housing markets during the real estate crash was Las Vegas', and the area is still far from returning to its crisis-era high.

<read full story>


Optimal Blue Acquired
June 17
A private-equity firm has struck a deal to acquire Optimal Blue Holdings and plans to pour hundreds of millions of dollars into the new business.

<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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