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LATEST U.S. MORTGAGE NEWS
Last Updated May 25, 2018 6:05 PM Central
MOST READ (Past 7 Days)

Mortgage Servicing, Staffing Grow at TMS

preview | full story | May 25
Not only did the mortgage servicing portfolio grow at The Money Source Inc., but the number of people working for the home lender increased. Annual originations, including wholesale and correspondent, are likely to fall.

Mortgage Fraud Scheme Uses Fake Employers

preview | full story | May 25
A new scheme been uncovered where bogus businesses are being listed as the employer of prospective borrowers on home loan applications.

CFPB Chief: New Law to Improve Credit Access

preview | full story | May 25
The acting director of the Consumer Financial Protection Bureau says that the new financial regulatory overhaul law will improve consumers' access to credit.

Opinion: QM Serves No Useful Purpose

preview | full story | May 25
Among several flawed concepts in the Dodd-Frank Wall Street Reform and Consumer Protection Act are the Qualified Mortgage - Ability-to-Repay rules.

LO Sentenced for Fraud Short-Sale Scheme

preview | full story | May 24
A loan officer has been ordered to prison for her role in a scheme to defraud mortgage companies into agreeing to short sales. Her accomplices include attorneys.

Existing Home Sales Drop on Inventory Shortage

preview | full story | May 24
The sale of pre-owned homes weakened last month and were down on a year-over-year basis for the second month in a row. Inventory shortages were blamed.

Mortgage Rates Climb to 7-Year High, Could Fall

preview | full story | May 24
Although interest rates on single-family loans jumped to the highest level in seven years, one short-term forecast has them retreating in the upcoming week. But long-term forecasts call for further escalation.

Refis Push Up 2018 Mortgage Lending Outlook

preview | full story | May 24
A reduction in forecasted purchase financing this year was more than offset by an increase in expected refinances. But next year's boosted refinance outlook wasn't enough to cover the purchase cuts.

Dodd-Frank Rollback Legislation Now Law

preview | full story | May 24
With the public and the media focused on the cancellation of North Korea summit, President Donald Trump sign into law legislation that will roll back burdensome Obama-era financial regulations.

Reperforming Mortgages For Sale

preview | full story | May 24
A small portfolio of reperforming residential loans that have a big share of modified loans and a geographic concentration in four large states is being offered for sale.


mortgage news archives back to 1999

Data Breach at SunTrust
Apr. 20
Data on more than a million customers of SunTrust Banks Inc. has been stolen. The heist was an inside job.

<read full story>


Q2 Mortgage Refinance Outlook Increases
Apr. 16
The second-quarter forecast for refinance originations has been raised -- though the gain came at the expense of expected second-half production.

<read full story>


Massive Judgment Against Founder of Mortgage Firm
Apr. 17
Plaintiffs in a lawsuit who were awarded an enormous amount of money for alleged defamation by the founder of a mortgage company are taking steps to collect.

<read full story>


Mortgage Originations Shift from FHA to Conv
Apr. 18
Compared to a year ago, conventional share has increased at the expense of government-insured share. Rising rates are impacting refinance share and, in turn, closing times.

<read full story>


Former ResCap Chief Named Ditech CEO
Apr. 19
The former chairman and chief executive officer of a previous ditech.com affiliate has become the CEO and president of the company that now operates as Ditech Holding Corp.

<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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