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Mortgage Headlines

Last Updated Friday, June 03, 2005 08:42 AM CST

COFI Tumbles
Monthly data from FHLB San Francisco
MortgageDaily.com October 1
Getting It In Writing Is Key To Rate Lock
If a lender arbitrarily and capriciously cancels a lock-in rate, that is a breach of contract, and the borrower has legal recourse

WashingtonPost.com September 29
Refis Soar
Lower rates fuel activity
MortgageDaily.com September 28

Federal Reserve joins investigation into questionable home loans in Poconos
Investigation is 5th probe into Poconos real estate launched by a public agency this year
SFGate.com September 28
Giving Mortgage Brokers Super Powers
Entrust empowering brokers with automated approval
TheBankingChannel.com September 27
New Take On Mortgage Fraud: Undue Enrichment
Loan officer sentenced to 20 months of house arrest and ordered to pay $17,000 in restitution for falsifying income statements on 4 loan applications
MortgageDaily.com September 26

ABN AMRO Clarifies Bin Laden Connection
CFO: "We have no reason to question the fact that all links between the Saudi Binladin Group and the terrorist have indeed effectively been terminated a long time ago"
MortgageDaily.com September 26
Find Your Way Back

Shares of mortgage-related companies climbing, but still below pre-attack levels
MortgageDaily.com September 25

Miami Vices
Couple, daughter swindle lenders out of $3.8 million from mortgage fraud ring
MortgageDaily.com September 24

Weighted Averages
This week's residential mortgage ratings actions
MortgageDaily.com September 24

Does HUD protect borrowers against unjustified yield spread premiums?
There are no generally accepted standards as to what constitutes "reasonable" compensation
Inman.com September 24

Average 15-year Fixed Rate At 6.30%
Rate outlook mixed, Refis down
MortgageDaily.com September 21

Would I Lie To You?

Maryland tops fraud index, followed by CA, AZ & GA
MortgageDaily.com September 20

Financial Privacy
FTC Proposes Rule on Standards for Safeguarding Customer Information
MortgageDaily.com Sepember 20
Dazed And Confused

Shares of mortgage-related companies give a mixed performance on 'not-so-black Monday'
MortgageDaily.com September 18

Sitting On The Dock of The Bay
This week's residential mortgage ratings actions
MortgageDaily.com September 17

Mortgage Relief Available For Homeowner Victim
Options include counseling, payment extensions, credit forbearance, foreclosure delays and revised payment schedules
MortgageDaily.com September 17
Average mortgage payment nearly doubles over a decade
Last year, 41% of homebuyers made down payments of less than 20%, and 15 percent put 4% or less down
SFGate.com September 16
Mortgage Market Commentary
Wartime borrowing, spending results in inflation, rising interest rates
Inman.com September 14
U.S. mortgage industry back on track after attacks
Overnight packages, interest rate quotes were disrupted
Yahoo.com August 14
30-yr Fixed Rate Hits 30 Month Low
Rates may continue falling
MortgageDaily.com September 14

$1 Billion CMBS Backed By WTC
Two World Trade Center CMBS deals were sold just weeks ago in offerings
click here for the commercial mortgage news page September 13

Mortgage Rates Poised To Fall
Terrorists attacks encourage move to 'safe haven'
MortgageDaily.com September 12

Trade Center Tenants
List of banking and mortgage-related company tenants
MortgageDaily.com September 12

Delinquent Or Not?
TheStreet.com reports that Conseco is hiding bad loans
click here for subprime news page September 11

US mortgage prepayments rise on rates
Of all current outstanding mortgages, 24% -- which support 30-yr, 7% MBS -- are refinanceable while another 36% -- which support 6.5% MBS -- could become refinanceable if 30-yr rates fall another 10 BPS+/-
Yahoo.com September 11
'D' For Default
This week's residential mortgage ratings actions
MortgageDaily.com September 10
Online Mortgage Broker A Sham
California couple defrauded investors of $100 million
MortgageDaily.com September 10

Online Survey Alleges Privacy Violations
Center for Democracy and Technology alleges that Advantage Mortgage, Ameriwest Mortgage, Central New England Mortgage, G.M. Mortgage, & Online Mortgage Corporation failed to comply with Gramm-Leach-Bliley Act
click here for mortgage technology news section September 7
Refis Keep Climbing
Rate at lowest point since March
MortgageDaily.com September 7

Washington Mutual Rumored To Be Interested In Homeside
National Australia Bank to write down $1.6 billion Homeside investment
MortgageDaily.com September 5

Innovators and innovations
E-Loan CEO says plan is "imminent" to compensate real estate agents
Inman.com September 5
7th Monthly COFI Decline
Monthly data from FHLB San Francisco
MortgageDaily.com September 4

Triple 'A' Or Less
This week's residential mortgage ratings actions
MortgageDaily.com September 4

Opening the Door To Cut-Rate Closing Costs
Radian Lien Protection may reduce $800 title services cost to $275, and the appraisal cost of $400 to $50 using AVM
WashingtonPost.com September 1
Top Factors Consumers Use To Pick Lender
Results from American Express survey
MortgageDaily.com August 31

MCA Executives Charged With Fraud
Securities fraud case is largest in Michigan's history
MortgageDaily.com August 31
Refis Climb 70% Past 60 Days
Rates hold below seven percent
MortgageDaily.com August 31
How To Re-Finance With An Eye Toward Future Rates

In a market where rates may head lower it can pay to consider still-another refinancing even
MortgageDaily.com August 31

Murdered Mortgage Broker Involved In Scam
Las Vegas Ponzi scheme cost investors $4 - $6 million
MortgageDaily.com August 30

Double, Triple-Digit Increases for All Top Lenders
Top 2nd quarter lenders were Chase ($54 bil), Washington Mutual ($45.8 bil), Wells Fargo ($45.5 bil), Countrywide ($32.4 bil), and Bank of America ($26.2 bil)
TheBankingChannel.com August 30
FBI Investigating Massive Mortgage Fraud Case In Spokane
$25,000,000+ In Property Value Vanished In Alleged Fraud
MortgageDaily.com August 29

Banks, Mortgage Firms Fail Online Privacy Test
Most financial-service Web sites fail to give users appropriate options for protecting the use of their personal financial information, according to nonprofit report
eCommerceTimes.com August 29

100%-plus mortgages
U.S. Bancorp's new 'Homebuyer Helper' mortgages exceed home's value by 5%
Inman.com August 27
Major Fee Dispute Goes Forward In Court
Cost estimates of a class action judgment against Irwin Mortgage go as high as
$135 million

MortgageDaily.com August 27
Borrowers Should Act Now, Analysts Suggest
HSH VP says mortgage rates are near bottom or within 1/4%
MortgageDaily.com August 27
To Rate Or Not To Rate
This week's mortgage ratings actions
MortgageDaily.com August 27

False appraisals may inflate prices
Appraisers say their mission is in jeopardy and the risk to the market is great, because they're under pressure to raise prices as high as possible so brokers and lenders can make more and bigger loans and thus collect more fees
ChicagoTribune.com August 26
Congress may mandate credit score disclosure
Mortgage industry experts estimate that between 350,000 and 400,000 applicants every year are overcharged when lenders incorrectly label them higher-risk, or sub-prime, because of their credit scores
SFGate.com August 26
Frozen In Time
Rates, apps and outlook unchanged
MortgageDaily.com August 24

Low Doc Loans Reduce Borrower Headaches

A look at the varying degrees of documentation required for different programs
MortgageDaily.com August 24

Washington Mutual's Foul-Weather Friends
Washington Mutual is the eighth-largest banking company in the U.S. and is number 48 on the Forbes 500
Forbes.com August 23
Should Mortgage Borrowers Await Federal Reserve Rate Reductions?
The relationship between Fed cuts and mortgage rates
MortgageDaily.com August 22
Under Investigation
Freddie Mac to investigate serious allegations of loan origination improprieties and fraud
click here for Government Sponsored Enterprise news section August 22
Appraisers Seek Change In Washington, Bigger Role In Home Sales
Realtors now support federal legislative language prohibiting lenders and mortgage brokers from influencing appraisers' residential valuations
MortgageDaily.com August 22
U.S. 2001 mortgage supply seen hitting $1.7 trillion
Sanford C. Berstein analyst makes upward revisions to estimates
Yahoo.com August 22
Cashouts Rise
Freddie study indicates 57% of refis include cashout
MortgageDaily.com August 21

Is A "Re-Refi" Boom On The Horizon?
Fannie Mae economist says she wouldn't be surprised if refi volume jumped up again in a short burst in the coming few weeks
MortgageDaily.com August 20
Time For Action
Recent mortgage industry ratings actions
MortgageDaily.com August 20

Recent ruling on YSPs
Decision would force them to stop offering YSPs through most brokers in the future
Inman.com August 20
Ten Biggest Loan Servicers Hit 50% Share
Top-ranked 2nd quarter servicers: Washington Mutual ($469 billion); Wells Fargo ($462 billion); Chase ($338 billion); Bank of America ($338 billion); Countrywide ($306 billion); HomeSide ($187 billion); and GMAC Mortgage ($178 billion)
TheBankingChannel.com August 20
High fees at closing may be perfectly legal
A federal appellate court has given the green light to title companies and mortgage lenders to up-charge home buyers and refinancers without limit
SFGate.com August 19
30-year Fixed Falls Below 7%
Applications dip
MortgageDaily.com August 17

Fee Fi Fo Fum, Why Lenders Have So Many Charges

A look at junk fees
MortgageDaily.com August 17

Mortgage Company Operator Sentenced
Southern California scam cost investors $7 million
MortgageDaily.com August 16
Does It Make Sense to Pay Points?
A look at how the cost of points compares to the interest rate benefit

MortgageDaily.com August 15
Loan Servicing Income Grew 18 Percent Last Year
This year's refinancing boom is churning portfolios and pushing down servicing income, which may dampen next year's results
TheBankingChannel.com August 13
Ratings

Recent mortgage industry ratings actions
MortgageDaily.com August 13

Is appraisal process skewing home values?
Some industry observers believe overly generous appraisals are inflating home values
SFGate.com August 13
Procrastinators may mortgage their houses at lower rates
30-year fixed mortgage rates last week fell to 7.0% from a recent high of 7.2% in early July, and could go even lower next week, according to Freddie Mac
SFGate.com August 13

Class of 2000 Borrowers Get Low Grades
Borrowers in 2000 are falling behind on their monthly payments at a higher rate than any comparable group in nearly a decade
WashingtonPost.com August 11
Refis Climb 4th Straight Week
Unchanged rates to continue
MortgageDaily.com August 10

Hello, Mr. Brokow?
Loan originators recognized only for the negative, not the good deeds
MortgageDaily.com August 8
Thank Goodness That Privacy Stuff is Over!
Brokers who treat GLB compliance as merely an obligation to hand out a notice are headed for trouble
MortgageDaily.com August 8

Fear Of Defaults
New loan products and underwriting exceptions have helped push the nation's homeownership rate to a record level, but those home loan trends of the last 10 years have never been tested in a weak economy
TheBankingChannel.com August 7
Lenders Lose FHA Lending Authority
HUD takes action against 55 lenders
click here for the FHA/VA/HUD news section August 6

Fixed Rates Edge Down
Further drop predicted
MortgageDaily.com August 6
Am I Unfair to Mortgage Brokers?
Harvard Professor defends his criticism of brokers

Inman.com August 6
Unwary buyers contest commission to loan broker
U.S. District Court decision in McCrillis vs. WMC Mortgage Corp allowed payment of yield spread premiums
SFGate.com August 5
PinnFund Fugitive Surrenders
Michael Fanghella surrenders to U.S. Marshals in San Diego
click here for subprime news section August 2

Hybrid Loans Offer Up-Front Discounts
Discussion about the details of Hybrid ARM's
MortgageDaily.com August 2
COFI Falls For 6th Consecutive Month
Monthly data from FHLB San Francisco
MortgageDaily.com August 1

Cop Kills Tucson Mortgage Broker, Self
Jealousy over suspected affair led detective to murder suicide
Yahoo.com July 31
(link revived 080201)
Refis Jump Again
Fixed rates dip
MortgageDaily.com July 30

Chase Sues Advanta
Chase said it sustained $67 million in damages as a result of Advanta's alleged actions
MortgageDaily.com July 30

Pay down debt or make a down payment?
Housing expense ratio versus total expense ratio
Inman.com July 30
Consumer Lending Props Up Bank Profits
Mortgage lending business is expected to slow next year, particularly if interest and mortgage rates remain at current levels or ratchet up slightly
Yahoo.com July 29

Despite Bad Credit, There Are Ways to Take Over a Mortgage
Lenders are prohibited from enacting due-on-sale clause in several situations
WashingtonPost.com July 28
U.S. home price growth seen slowing
Freddie expects 2001 industry originations to be around $1.4 trillion Vs. MBA's projection of a record $1.538 trillion
Yahoo.com July 24

Rates Fall, Refis Jump
Freddie Mac chief economist says rates may fall this week
MortgageDaily.com July 23

Credit Rescoring: How To Know if It's for You
A look at situations that will benefit from rapid rescoring
WashingtonPost.com July 21
U.S. Mortgages And Rates
30-year versus 15-year
Yahoo.com July 20

Lenders tout home appraisals by computer
Human appraisers demur
SFGate.com July 20
Washington Mutual SFR Production Up 159%
Correspondent volume soars
MortgageDaily.com July 18

Are Credit Scores Plummeting?
Sampling of FICO scores generated by a large independent credit reporting agency suggests that home mortgage applicants' scores are slipping
MortgageDaily.com July 16

Refi Activity Tumbles 21%
Rates to continue unchanged
MortgageDaily.com July 16

Loan Brokers' Fees Under Attack
NAMB general counsel says recent ruling could be fatal to industry if widely applied
WashingtonPost.com July 14
Bad FICO Mark? Rescore Your Credit
Service now offered by credit-reporting agencies allows loan officers to request a rescoring of applicants' credit files at each credit repositories
WashingtonPost.com July 14
Realty Stocks Report
HOMS shares down $4.18 this week, other issues largely unchanged
Inman.com July 13
Falling Rates?
Wave of financial volatility rolling through developing world
could impact mortgage rates
MortgageDaily.com July 11
Mortgage Broker Pleads Guilty
Massachusetts man faces five years
MortgageDaily.com July 11
Are Mortgage Errors Increasing?
Patience needed to work out servicer problems
RealtyTimes.com July 10

ARM's Fall As Fixed Rates Rise
Rates may head down
MortgageDaily.com July 9

Realty stocks largely unchanged
Independence Day week a quiet one on Wall Street for realty stocks
Inman.com July 6

Appraisal Institute boycotted
Appraisers protest organization's affiliation with the Appraisal Institute Residential Database
Inman.com July 03

COFI Falls
FHLB releases monthly data
MortgageDaily.com July 2

Loan Apps Edge Down, Rates Flat
Spread between 15-year & 30-year widens
MortgageDaily.com July 2

Fed cut may not lower mortgages
Mortgage rates are more closely tied to 10-year Treasury notes, which tend to be sensitive to expectations about inflation
SFGate.com July 1

Popular Archive Stories


Yield Spreads In Jeopardy

Class-action status granted in Irwin Mortgage case
MortgageDaily.com June 26
Washington Mutual In Talks To Buy North American Parent
Dime Bancorp deal worth $5 billion
MortgageDaily.com June 22
Jury Awards $71 Million Judgment
In Case Against Washington Mutual
Subsidiary accused of not disclosing insurance premiums included in loan renewals
MortgageDaily.com June 15

Mass. Broker Charged In Bank Fraud Case
Mortgage broker colluded with tax preparer to enable applicants to qualify
MortgageDaily.com June 15

Sales Techniques For Realty Pros

Simple, but effective strategies for successful sales
MortgageDaily.com May 30

Mortgage Brokers To Meet In Hawaii
Miss America 2001 to address National Association of Mortgage Brokers
MortgageDaily.com May 29
Minor Changes Yield Major Benefits With Debt Ratios
Some nontraditional ways to reduce debt ratios
MortgageDaily.com May 1

How To Get Mortgage Leads Regardless Of Rates

MortgageDaily.com August 5

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