Mortgage Fraud Cases Jump 55%
DALLAS -- (Aug. 23, 2010) /PRNewswire/ A big surge in the number of active mortgage fraud cases helped push the Second Quarter 2010 FraudBlogger.com Index higher. The heavier caseload follows increased efforts by the Obama administration to prosecute mortgage crimes.
The mortgage fraud index, which is published by MortgageDaily.com based on activity tracked at the mortgage fraud blog FraudBlogger.com, was 1699. The index was higher than the prior quarter's 1144 and also elevated from a year earlier.
The highest level for the FraudBlogger.com Index was 2790 in the fourth-quarter 2008.
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Mortgage Business Increases, Could Continue Higher
DALLAS -- (Aug. 9, 2010) /PRNewswire/ Residential mortgage originations improved from the first quarter, and early signs indicate the positive trend is continuing in the current period, according to the Second Quarter 2010 Mortgage Lender Ranking from Mortgage Daily. But FHA and reverse mortgage business was softer, and a top-ten originator has been replaced.
Mortgage Related Casualties Rise from 2009
DALLAS -- (July 12, 2010) During the first half of 2010, the number of mortgage-related firms to close or fail jumped by more than a quarter from the same time last year, according to the Mortgage Graveyard from MortgageDaily.com. The increase was driven by financial institution failures as the number of non-bank lenders to close has dwindled.
Mortgage Activity Soars
DALLAS & LINCOLN, Neb.--(BUSINESS WIRE) -- Driven by record-low interest rates, new mortgage activity jumped 30 percent in the Mortech-MortgageDaily.com Mortgage Market Index for the week ended June 30. It was the highest level on record for the index.
Bank Orders Increase
DALLAS -- (June 28, 2010) /PRNewswire/ Regulatory actions against U.S. financial institutions continued higher during the first quarter, albeit at a slower pace, based on a quarterly analysis by MortgageDaily.com -- a leading source of online news and data for the mortgage industry.
Mortgage Litigation Rises
DALLAS -- ( June 23, 2010) A surge in legal actions tied to foreclosures and investors-related cases helped push the Mortgage Litigation Index to an all-time high during the first quarter. Criminal cases more than doubled and mortgage insurance is emerging as an area of growing litigation.
Weekly Mortgage Activity Surges June 3, 2010
New mortgage activity shot up 20 percent in the Mortech-MortgageDaily.com Mortgage Market Index for the week ended June 2.
Mortgage Jobs Manage 2nd Consecutive Gain May 17, 2010
Mortgage employment expanded in the First-Quarter 2010 Mortgage Employment Index from MortgageDaily.com. It was the second consecutive quarter that mortgage jobs improved. Florida emerged with the biggest gain.
MortgageDaily.com Announces Expanded Content May 13, 2010
Subscribers of MortgageDaily.com, a leading online news publication for the mortgage industry, will now have access to significantly more content as a result of a new agreement.
Q1 Mortgage Volume Tumbles, 2 New Top-10 Players May 5, 2010
Residential originations continued to decline in MortgageDaily.com's First Quarter 2010 Mortgage Lender Ranking. Two top-10 originators were unseated.
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