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LATEST U.S. MORTGAGE NEWS
Last Updated May 27, 2015 4:41 PM Central
MOST READ (Past 7 Days)

Best Month for New Business at Freddie Since 2013

preview | full story | May 27
New business at the Federal Home Loan Mortgage Corp. climbed to the highest level since the summer of 2013. Delinquency, meanwhile, fell to the lowest rate since 2008.

Ocwen Laying Off Servicing Employees

preview | full story | May 27
More than a hundred employees will be laid off as Ocwen Financial Corp. closes down a mortgage servicing facility in Texas.

Big Portfolio of Ginnie MSRs on the Market

preview | full story | May 27
Servicers of Government National Mortgage Association loans have an opportunity to make a substantial addition to their servicing portfolio.

loanDepot On Pace to Double 2014 Production

preview | full story | May 27
Based on lending activity during the first three months of 2015 at loanDepot LLC, full-year mortgage production is on pace to nearly double 2014 volume.

Broker's House Swept Away By Texas Floods

preview | full story | May 27
A mortgage broker in Central Texas who awoke to his house being flooded was able to escape before his house floated downriver.

Mortgage Bankers Boost 1st Half Refi Forecast

preview | full story | May 27
Mortgage bankers have grown more optimistic about the volume of refinance originations expected to close during the first half of this year.

Leader of Massive Mortgage Fraud Ring Sentenced

preview | full story | May 27
The leader of a massive mortgage fraud ring, his mother and his sister were all sentenced Tuesday in a case where a total of 91 people have been charged.

Mortgage Firms Report Origination Data

preview | full story | May 26
All-in-all, mortgage lenders were busier during the first three months of this year than in the final three months of 2014. Second-quarter activity appears to be keeping up the pace.

NY Foreclosure War Rages as Servicers, State Team Up

preview | full story | May 26
Mortgage holders in New York continue to battle delinquent borrowers, judges and challenges to standing based on, in one instance, "law office failure" and, in another, "clerical error." Servicers have teamed up with the state government to cut down on "zombie properties."

Chicago Bank Settles Mortgage Discrimination Charges

preview | full story | May 26
A bank based in Wisconsin and operating in three Midwest states has settled allegations that it discriminated against black and Hispanic mortgage borrowers.


mortgage news archives back to 1999

Sen. Warren Moves to Protect Dodd-Frank
May 19
Pending trade legislation could weaken provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and Sen. Elizabeth Warren (D-Massachusetts) is tying to prevent that.

<read full story>


Fannie, Freddie Update Seller-Servicer Requirements
May 20
Mortgage companies that want to continue doing business with Fannie Mae and Freddie Mac will soon have to comply with new operational and financial requirements.

<read full story>


Experts Address Future of Secondary Mortgage Market
May 19
Who will the giants of the secondary mortgage market pass the baton to as their investment footprints diminish over the next several years?

<read full story>


Appraisal Services Target FHA EAD, AMC Utilization
May 22
A new service is designed to help lenders connect to the electronic portal for government loans, while appraisal management companies are vying for business. An appraisal technology firm was acquired.

<read full story>


Mortgage Rates Set to Decline
May 21
Fixed interest rates on home loans moved a hair lower this past week. A possibly more substantial retreat is likely in the next report.

<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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