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Last Updated May 30, 2016 4:59 PM Central
MOST READ (Past 7 Days)

LOS Advancements Made

preview | full story | May 30
Several of the top loan origination system providers have updated their products, integrated with other technology systems and touted new mortgage lender customers.

Homeownership Varies by Age, Income, Race

preview | full story | May 27
The results of a survey published by the nation's central bank looks at homeownership variances by demographics.

Fannie Delinquency Descends Further, Business Up

preview | full story | May 27
Serious mortgage delinquency, which was already lower than at anytime since mid-2008, fell further at Fannie Mae. New business, meantime, also improved.

Beverly Hills LO Fined, Banned from Industry

preview | full story | May 27
A loan officer who operated from an office in Beverly Hills, California, has been fined and banned from the mortgage industry for a year over alleged fee shifting.

Refinances Lead Weekly Mortgage Activity Down

preview | full story | May 27
Interest rates on residential loans migrated solidly north this past week, driving down demand for home-loan refinances as well as for overall new mortgage activity.

Mortgage Market Index 172 in week ended May 27

Freddie Unloading More Distressed Loans

preview | full story | May 26
Another sale of distressed residential loans for nearly $800 million is being offered by the Federal Home Loan Mortgage Corp.

Further Improvement in Freddie's Delinquency

preview | full story | May 26
While monthly new business deteriorated at the Federal Home Loan Mortgage Corp., serious delinquency again declined to a new 7-year low.

Mortgage Rates Jump, Could Retreat

preview | full story | May 26
The release of the Federal Reserve minutes pushed up interest rates on home loans this past week. But there are some indications that fixed rates could ease.

Wells Fargo Debuts Low Down Payment Program

preview | full story | May 26
A new program from Wells Fargo & Co. promises to make it easier for prospective borrowers to apply and qualify for a low-down payment residential loan.

DTIs Likely to Rise Post-Closing

preview | full story | May 26
New research indicates that mortgage borrowers are more likely to increase their debt-to-income ratios after they close on a home loan.

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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