| PRESS RELEASE
Mortgage Daily Surpasses 20,000 Pages of News DALLAS — (Nov. 6, 2013) Since going live in June 1999, Mortgage Daily has published more than 20,000 pages of mortgage news. The leading mortgage news publication has chronicled the highs and the lows of the mortgage industry. Prominently featured in its coverage is mortgage origination news. This includes a mortgage lender ranking that has only been topped by Countrywide Home Loans and Wells Fargo & Co. It also includes annual mortgage origination statistics — with 2003 volume of around $3.8 trillion coming in highest and 2011 originations of approximately $1.5 trillion being the lowest. Mortgage Daily’s servicing news includes stories about mortgage servicing issues and servicing portfolios by lender and year as well as delinquency statistics and foreclosure statistics. Mortgage employment news features articles about hirings, layoffs and employer issues in addition to mortgage employment statistics. The Mortgage Employment Index, a quarterly gauge of job changes, had a net loss of more than 88,000 mortgage jobs in 2007. Mortgage lending requirements and regulatory actions are covered in the mortgage compliance news section. A mortgage compliance table includes 60 rules, regulations and laws. Mortgage litigation news is among the most comprehensive record of mortgage lawsuits and settlements available. The Mortgage Litigation Index tracks quarterly legal activity by case type and currently stands near its second-quarter 2012 peak. Mortgage Daily was one of the first publications to focus on mortgage fraud news. Its Mortgage Fraud Index, a quarterly reading on the level of prosecution activity against mortgage fraud defendants, has recently been on the decline after topping out in the fourth-quarter 2008. The Mortgage Market Index provides an early look at weekly mortgage activity. In addition to refinances, purchase financing and interest rates — the report tracks FHA and jumbo business. The index, which had been elevated earlier in the year, has since retreated. The Mortgage Graveyard tracks mortgage-related businesses that have failed, closed or been acquired. The number of casualties has fallen from a high of 235 in 2009 to just 53 so far this year. A free section for consumer mortgage news is also featured. |
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7 Refinance Strategies
Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...
