ABN AMRO Volume Up
ABN AMRO Mortgage Group reported an increase in production during February.
Rates Bounce off Floor
Like a forward-moving tank in a ravaged world, U.S. mortgage production continues to shine while most of the rest of the economy is scratched and covered with dirt.
FTC Complaint Filed Against Mortgage Lead Company
A mortgage lead provider has been charged by the FTC with sending unsolicited emails, falsely claiming to use secure privacy technology, and falsely claiming to be a national lender.
Loans in Foreclosure, Conventional Delinquency Rise
Amidst a weak economy, loans in foreclosure and conventional mortgage delinquency increased while overall delinquency fell.
MortgageDaily.com Reports Sabotage to FBI
A fake bulk email using a MortgageDaily.com email return address was fraudulently sent with the intention of damaging the publication's ability to deliver its semiweekly news alerts.
Record Apps, Rising Rates
Driven by historic levels of refinancing activity, Americans applied for mortgages at a pace never seen before.
Originator Ordered to Obtain Mortgage to Pay Fraud Victims
An Ohio woman has been ordered by a judge to take a loan against her own home to make restitution to her victims.
War Goes on Between Banks, Realtors
A fierce battle between the banking and real estate industries did not end in early March with Congressional action that prevents banks -- at least temporarily -- from getting in the real estate business.
ABN AMRO, Cendant Among Worst Lenders, Group Says
A coalition of community reinvestment organizations has released a study ranking lending institutions based on mortgage loans made to underserved borrowers.
Tidal Wave Hits U.S.
There appears to be no end in sight for the record mortgage rates and soaring applications that have fallen into the collective lap of U.S. mortgage originators. The biggest refinance wave in history just got bigger.
$106.1 Billion February Business Volume at Fannie
Mortgage behemoth Fannie Mae reported its third highest monthly business volume ever.
Mortgage Broker Discovers He's a Prince
A Minnesota mortgage broker has discovered that he is prince of a distant land.
Life is Good in Calabasas
Loan fundings continued at a frantic pace at one of the country's largest lenders. Countrywide announced that loan fundings exceeded $30 billion for the fifth consecutive month.
Monument Mortgage Minimizes Manpower
Monument Mortgage, Inc. has substantially reduced its operations as two board members have resigned.
Broker Earns $10 Million in 2002
Bad luck for the U.S. economy spells big bucks for some mortgage originators. At least one star broker is taking home a Hollywood-size salary.
Mortgage Jobs Jump by 8,000
The approaching war with Iraq at least is good for one thing -- low mortgage rates. That in turn means more mortgage jobs -- 8,000 more from January to February -- while jobs in general are getting cut.
Record 5.67% 30-Year Fixed
A looming war with Iraq shoved mortgage rates down to new lows -- again -- and has fueled a 10% mortgage application increase.
$4.9 Billion January Production at Flagstar
Flagstar Bancorp, Inc. announced that January residential mortgage loan production, which beat the previous year's total but was slightly off from a record-setting December.
Fed Proposing Revisions to HMDA
The Federal Reserve Board has issued transition rules in order for lenders to comply with a proposed amendment to the Home Mortgage Disclosure Act.
ABN AMRO Production Edges Down
ABN AMRO Mortgage Group, Inc. reported a significant year-to-year increase in January production, led by its wholesale lending arm. The company's production dipped a bit since December, however.
Production Falls at World
Golden West Financial Corporation experienced a slight decrease in mortgage loan production during the month of January.
Like the characters Joey, Chandler, and Phoebe from the wildly successful television show Friends, some mortgage borrowers are loving the aroma of java right about now. COFI, which represents interest paid by savings institutions located in the West, fell again -- bringing down rates on some adjustable rate mortgages.