Treading Shallow Water
Fixed rates rose a smidgeon this week, countering the still falling adjustable rate mortgages, according to an industry report.
Fraudster Used Many Names While on the Run
A southern California man has been sentenced for masterminding a $20 million mortgage fraud scheme.
LendingTree Faces Lawsuit
Three Cendant corporation subsidiaries have sued LendingTree.com.
NAMB Names Broker of the Year
It's all in the family during the NAMB sails awards ceremony.
Cashouts Added Nearly $100 Billion to Economy Last Year
The 2002 housing market outperformed all previous years by almost every measure, according to Harvard University's Joint Center for Housing Studies.
Fraud is burdgeoning in California and other states in the West, yet down overall, according to a new industry report.
FHA, VA Delinquencies Rise as Overall Rate Barely Improves
As overall delinquencies on home loans edged down during the first quarter, the share of homes in foreclosure and government-insured mortgage delinquencies rose.
You Can Go Your Own Way
Mortgage rates acted independently of each other this week, according to lending giant Freddie Mac.
Countrywide Gets the Rumor Jitters
One of the nation's largest mortgage lenders Thursday took the unusual step of issuing a press release aimed at shutting down rumors.
Fannie Economist Says $4 Trillion Industry Production Possible in 2003
The nation's largest secondary lender has forecasted a steady coast toward a record year for mortgage originations.
Investor Problems Lead State to Take Possession of Broker
A mortgage broker in Las Vegas has been placed in conservatorship by the state's Department of Business and Industry Financial Institutions Division, the agency said.
ABN AMRO Production See-Saws
Another of the country's busiest mortgage lenders reported lighter activity for May.
Series, Classes & Ratings
Recent RMBS ratings actions.
Rates Fall to Record Lows and May Continue Dropping
Mortgage rates hit new record lows across the board, with the latest numbers marking the fourth straight week of record-smashing, according to Freddie Mac.
Fed Report Says Average Home Equity Shrinking
Equity is shrinking as a percentage of American real estate holdings, according to recent economic analysis.
Fannie's Book of Business Tops $2 Trillion; Duration Gap Widens
The loan business is still booming for Fannie Mae, according to the company's latest production numbers.
Portable Mortgage Not Available to Brokers
Consumers have a new option in mortgage financing; the ability to take their finance terms with them when they purchase a new residence.
May Production Down at Flagstar
Monthly loan production dipped slightly for yet another industry player, according to a news release.
Countrywide Production Off, But Record Purchase Activity
A leading lender reported record-breakers in its monthly purchase production numbers.
Criminal Probe, Class Action on Freddie's Plate; X-Pres Accused of Ripping Pages From Notes
Freddie Mac's troubles have deepened this week as probing into its accounting and management practices continues.
Bureau of Labor Statistics Changes Mortgage Employment Reporting
Mortgage brokers will no longer be counted as a separate occupation in the government's monthly employment reports.
Experts Sell More
Expert or salesman, it's your choice -- industry commentary by Dave Hershman
Big Shakeup at Freddie
Freddie Mac fired president David Glenn Monday, amidst a flurry of executive rearrangements.
Freddie Updates Include Form Updates
Freddie Mac has issued some rule changes in its latest revised bulletin.
Mortgage rates hit new record lows and applications hit record highs, according to industry reports.
Nevada Mortgage Agents to be Licensed if Governor Signs Bill
In a unanimous vote, senators in Nevada, 21-0, ushered in a bill which creates an new division to oversee the state's mortgage industry.
Credit Scoring Tool Prepares Borrowers for Probable Loan Terms
Credit scoring plays a vital role in a borrower's quest to qualify for a mortgage. It's becoming so pervasive that scores have even been analyzed in determining a consumer's approval for homeowner's insurance.
Fidelity Lien Protection Compared With Radian
California lenders may soon be able to use a new product to protect against title liens and encumbrances.
Panelists Say RMBS Party is Over
Recent residential mortgage ratings activity.
Originators Accused of Using COFI to Stay Awake
For the eleventh straight month, savings institutions in the West reported a drop in interest expense.
Finance Woes Overwhelm FiNet.com
A financial services company filed for bankruptcy this week, along with its wholly owned subsidiary mortgage bank.