| HUD Secretary Talks To CNNMel Martinez to focus on higher level of home ownership
MortgageDaily.com February 1 |
| Mortgage Rates Heading Down AgainAverage mortgage rates down to 7.09% from 7.15 percent last week
MortgageDaily.com February 1 |
| Washington Mutual Completes Acquisition of PNC MortgageUpon completion of pending Bank United acquisition, WAMU will possess top-five-market-share position
Yahoo.com February 1 |
| 75 Percent of Existing Borrowers Who Get New Loans in 2001 Will Switch Mortgage LendersAccording to Fannie Mae published info, more than $1 trillion in mortgages will be refinanced over next two years
Yahoo.com February 1 |
| Mortgage Applications FallMBAÂ survey for week ending Jan 26
MortgageDaily.com January 31 |
Federal Home Loan Bank of San Francisco
Releases December 2000
Cost of Funds IndexCOFI rises to 5.617% from 5.607% NovemberYahoo.com January 31 |
| Treasuries Firm Pending Fed AnnouncementTen year bond rate down nine basis points to 5.22% in early afternoon trading
MortgageDaily.com January 30 |
| Wells Fargo Home Mortgage names CEOPete Wissinger, 46, was promoted from his role as COO, a position he has held for past year
Marketwatch.com January 30 |
| Landamerica Announces Fourth Quarter and Year-End Results$80.8 million loss related to $110.3 million adjustment to goodwill
PRnewswire.com January 30 |
| Resource Bancshares Mortgage Group, Inc. Reports December Production and Operating StatisticsProduction was $6.4 billion for twelve months ended December 31, 2000
PRnewswire.com January 29 |
Home Mortgage Refinancing:
Mundane No MoreBanks counting on lower mortgage rates to boost profitsNYPost.com January 29 |
| Low Rates Fuel Refi BoomMarket teetering on boom
RealtyTimes.com January 29 |
| U.S. Mortgage Debt Reaches $5.6 Trillion in 2000Fannie Mae executive speaks at financial services conference
MortgageDaily.com January 25 |
Spread Between 30 yr &
15 yr Fixed Rate WidensFixed rates rise as economic conditions may not be slowing as quickly as anticipatedMortgageDaily.com January 25 |
| Martinez Confirmed As HUD SecretarySenate confirms Mel Martinez as secretary of Housing and Urban Development
MortgageDaily.com January 24 |
| PMI Group Reports 30% Gain for Annual Operating EarningsCombined new primary mortgage insurance written in fourth quarter 2000 was $10.6 billion
PRNewswire.com January 24 |
| Centex Corporation Reports Results for Third Quarter and Nine MonthsCTX’s loan volume was $2.02 billion for quarter ended December 31
InterestAlert.com January 23 |
| Irwin Financial Corporation Announces Quarterly and Annual EarningsNet income at Irwin Mortgage Corp was $13 mil for 2000; loan originations were $.1 bil
PRnewswire.com January 23 |
| Realtors Oppose Bank Owned BrokeragesNational Association of Realtors urging members to halt Fed Proposal
MortgageDaily.com January 22 |
| Golden West Financial Reports 19% Increase in Earnings Per Share$19.8 bil in loan originations for 2000
Yahoo.com January 22 |
| NewState Capital Issues 2nd MBS in KoreaSpecialty finance company issued $16.5 million in mortgage backed securities
Marketwatch.com January 22 |
| Fiserv Reports Record Earnings for Year-End 2000Income before taxes for the year was $300 million
Marketwatch.com January 22 |
| MBA President Meets With Senate LeaderWoodward shares MBA’s 2001 agenda with new administration and congressional leaders
MortgageDaily.com January 19 |
| Fixed-Rates Mortgage Rates Inch Up This Week According To Freddie Mac SurveyHistorically Low Rates Expected To Fuel Strong Demand For Housing In 2001
MortgageDaily.com January 18 |
| Republicans, Democrats Warmly Praise MartinezHUD Chief designate seeks higher levels of homeownership
AltaVista.com January 18 |
| Rate TrendExperts expect mortgage rates to improve
BankRate.com January 18 |
MBA Endorses Housing Secretary Designate
Organization calls him an innovative and thoughtful leader
MortgageDaily.com January 17 |
| Mortgage Loan Applications Up In Latest MBA Weekly SurveyIndex of mortgage loan applications for the week ending Jan. 12
MortgageDaily.com January 17 |
| US banks’ next potential trouble: bad consumer loansAnalysts see slight worsening in performance of consumer loans
Yahoo.com January 17 |
| First Tennessee Reports Fourth Quarter and Year 2000 EarningsMortgage loan production $14.8 billion in 2000
Individual.com January 17 |
| A Slender Record On HUD IssuesLife Story, Politics Led to Martinez Choice
WashingtonPost.com January 17 |
| Freddie Forecasts Another Successful Year For Housing In 2001Threat Of A Recession Is Still Considered Small
MortgageDaily.com January 16 |
| Wells Fargo Reports Record Quarterly Earnings Per ShareWells Fargo Home Mortgage originations $67 bil for 2000
Individual.com January 16 |
| Washington Mutual Announces Record Fourth-Quarter and Annual EarningsSFR volume totaled $43.92 billion in 2000
Individual.com January 16 |
| Countrywide, IndyMac Shares Are Cooling After Red-Hot YearCompanies benefited from internet presence and potential benefits of bank charter
AltaVista.com January 16 |
| Analyst Pick: Fannie MaeStrong Q4 results encouraged analysts to raise 2001 earnings projections on Fannie Mae
CNBC.com January 15 |
| Appraisal Institute Calls for Congressional Hearings to Curb Undue Lender InfluenceMembers report that lenders and realty agents attempt to apply undue influence on appraisers to artificially ‘make value’
Individual.com January 12 |
| FiNet.com Gets Nasdaq SmallCap Listing ExceptionMonument Mortgage parent seeks reverse stock split to meet minimum Nasdaq share price requirement
AOL.com January 12 |
| Countrywide Releases Thirteen Month Statistical DataStatistical data for the thirteen months ended December 31, 2000
PRNewswire.com January 12 |
| Mexican Home Lending Mostly ‘Symbolic’Most mortgages feature high interest rates and credit-history prerequisites are strict
Marketwatch.com January 12 |
Mortgage Rates Fall
Below 7%Freddie Mac weekly survey for week ended January 12MortgageDaily.com January 11 |
| Fannie Mae sets 14th Consecutive Annual RecordY2k earnings $4.448 billion
MortgageDaily.com January 11 |
| Mortgage Loan Applications Up In Latest MBA Weekly SurveyRefi activity represented 54.6% of total apps in survey for week ending Jan 4
MortgageDaily.com January 10 |
| Thomson Financial Launches New PublicationAsset Securitization Report Publication Provides In-depth Information on Asset and Mortgage-Backed Securitization
Individual.com January 10 |
| Fed’s cut aids boomLenders say they’ve heard from homeowners, as well as title companies, appraisers
Star-Telegram.com January 10 |
| Mortgage Insurer Meets ExpectationsIncluding settlement charge, net income for Q4 was $132.3 million, down from $133.9 million a year earlier
AltaVista.com January 10 |
| Countrywide Reports Increased Refinance Activity in DecemberConsolidated mortgage fundings increased to $6.2 billion, 48% more than same month prior year
PRnewswire.com January 9 |
| Mortgage Industry Posted Healthy Profits In 1999Cost Study conducted by MBA
MortgageDaily.com January 8 |
| Washington Mutual said readying mega ARMs saleCompany is said to be readying sale of $1.987 billion MBS pooling hybrid arm loans
Forbes.com January 8 |
| Nosy Lender Questions Help Curtail Mortgage FraudApproximately 35% of all red flags on mortgage apps are due to blatant inconsistencies
RealtyTimes.com January 8 |
| Time To Look Seriously At Refinancing Home MortgageDiscussion of refinance options for various scenarios
ChicagoTribune.com January 7 |
| Originators Report Lower Mortgage RatesBrokers and lenders react to CBS Marketwatch Story
MortgageDaily.com January 5 |
| Fed Easing Could Give A Boost To Some ARM Lending, But Low Fixed-Rate Mortgages Will Continue To DominateFreddie Mac doesn’t expect that total ARM originations will surge past 25% of all mortgages originated
FreddieMac.com January 5 |
| Economic Conditions Lead To Less Desirable ARMs In 2000Spreads Between Fixed-Rate Mortgages and ARMs Fall To Record Lows
MBAA.org January 5 |
| Mortgage Rates Down AgainFreddie Mac’s Primary Mortgage Market Survey for the week ending January 5, 2001
MortgageDaily.com January 4 |
| State-by-state tally of mortgage broker rulesLicensing and regulatory information by state
BankRate.com January 4 |
| Near-term bottom for mortgage rates?Analysts don’t see mortgage rates much below 7% because Fed interest-rate cuts already priced in
Marketwatch.com January 4 |
| Mortgage Loan Applications Down In Latest MBA Weekly SurveyWeekly Mortgage Applications Survey for the week ending December 29
MortgageDaily.com January 3 |
| Mortgage Delinquencies UpMBAÂ National Delinquency Survey For Third Quarter 2000
MortgageDaily.com January 2 |
| Fannie’s Flying HighShares of mortgage behemoth Fannie Mae trading at all time high
MortgageDaily.com December 29 |
Federal Home Loan Bank of San Francisco Releases November 2000 Cost of Funds Index
COFI jumps to 5.607 percent in November from October’s 5.589%.
Marketwatch.com December 29 |
| Fleet Gave Telemarketers Private Data, Suit ChargesMinnesota’s attorney general yesterday sued Fleet Mortgage Corp
WashingtonPost.com December 29 |
Rates Keep FallingFreddie Mac’s Primary Mortgage Market Survey for week ending
December 29MortgageDaily.com December 28 |
| Mortgage Loan Applications Down In Latest MBA Weekly SurveySurvey For Week Ending December 22
MortgageDaily.com December 28 |
Countrywide Credit Profit Falls 5 PercentMissed estimates due partly to a
year-earlier one-time gain in mortgage servicing businessAltaVista.com December 27 |
| PMI UncloakedHow Private Mortgage Insurance works
RealtyTimes.com December 27 |
| MBA Criticizes Changes To HMDA RegulationMBAÂ opposes lower APR threshold for loans covered by Home Ownership and Equity Protection Act
MBAA.org December 26 |
| Affordable Housing May Test MartinezIssues at hand for new Housing Secretary
WashingtonPost.com December 23 |
| Mortgage Rates Drop Quarter PercentFreddie Mac survey for week ending December 22
MortgageDaily.com December 21 |
| Bush Names Mel Martinez as Housing SecretaryOrange County Chairman takes credit for two years of property tax reductions in the Florida County
MortgageDaily.com December 20 |
| Mortgage Loan Applications Down In Latest MBA Weekly SurveyMortgage Bankers weekly survey for week ended Dec 15
MortgageDaily.com December 20 |
| MGIC, PMI and United Guaranty Enter into Agreement With Plaintiffs to Settle RESPA CasesActions allege defendants violated RESPA through provision of various products in exchange for referral of mortgage insurance
Marketwatch.com December 15 |
| Mortgage Rates Down Over 10 Basis Points From Last WeekFreddie Mac rate survey for week ended December 15
MortgageDaily.com December 14 |
| Mortgage Loan Applications Up In Latest MBA Weekly SurveyMarket composite index of loan apps for week ending Dec. 8
MortgageDaily.com December 13 |
| NAMB Announces 2001 Legislative AgendaMortgage Reform Tops List
NAMB.org December 13 |
| High Court Upholds Consumer Arbitration ClausesIn closely watched case Supreme Court ruled 5 to 4 that agreement to settle mortgage contract dispute through mandatory arbitration could not be voided just because it failed to say how much she would have to pay
WashingtonPost.com December 12 |
| What To Do When The Lender Says “No”Writer suggests confirming that the lender has current and correct info
RealtyTimes.com December 11 |
| S&P Raises and Affirms Ratings on CWMBS Inc Mortgage P/T CertsUnderlying collateral primarily consist of 30-year, fixed-rate and/or adjustable-rate mortgage loans secured by liens on 1-4 family res properties
Marketwatch.com December 11 |
| Most common reasons for mortgage application rejectionMortgage Bankers Association list of most common reasons mortgage applications are turned down
UnionTribune.com December 10 |
| Some offbeat homes are a bear to buyIt’s hard to find comparable values when appraiser looks at cabin or silo
Freep.com December 10 |
David Myers:
Document-prep fee often unnecessaryFreep.com December 10
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| Avoiding a mortgage nightmareMBA’s list of the most common reasons that mortgage applications are turned down
BostonHerald.com December 8 |
| Countrywide refinance mortgage volume jumps in NovRefinance fundings totaled $1.6 bil, up from $948 mil for same period in 1999
Marketwatch.com December 8 |
30 Year Rate At Eighteen Month Low
Freddie Mac Mortgage Market Survey for week ending December 8
MortgageDaily.com December 7 |
Jumbo Mortgages?
Not a Huge ProblemWhy jumbo mortgages cost more than conformingWSJ.com December 7
(subscription required) |
| Refinance storm flag waves over US mortgage marketMortgage apps shot up 52.9 percent in the week ended Dec 1, of which refis accounted for 30.1% of total apps
Forbes.com December 6 |
| Average Home Mortgage RatesAverage mortgage rates from Bankrate.com
Lycos.com December 6 |
| Thrift Home Lending Picks Up, Data ShowsData released by the Office of Thrift Supervision
LendingIntelligence.com December 6 |
| Fitch Rts Washington Mutual Bank’s Mtge P-T Ctfs, Series 2000-WM2Weighted avg original LTV 75.89%
Marketwatch.com December 6 |
| Mortgage Loan Applications Up In Latest MBA Weekly SurveySurvey for the week ended Dec 1
MortgageDaily.com December 5 |
| House OKs Affordable Housing BillBill includes incentives to improve homeownership among American Indians and native Hawaiians, and reduces costs for seniors refinancing federally insured reverse mortgages
WashingtonPost.com December 5 |
| H&R Block Mortgage Forms Alliance With CountrywideCountrywide’s correspondent division to purchase servicing-released prime loans closed by H&R Block Mtg
AOL.com December 4 |
| CBOT approves new mortgage futures, options contractsContracts will track prices of 30 year mortgage-backed securities issued by Fannie Mae & Freddie Mac
Forbes.com December 4 |
| It’s IRS Against Homeowners In Mortgage Insurance DebateNAR plans to consider pressing Congress or the IRS to settle the PMI deductibility question in a way that improves housing affordability
WashingtonPost.com December 2 |
| CWMBS, Inc. $451.6MM Mortgage P-T Ctfs Series 2000-10 Rated by FitchWeighted average LTV’s on 3 Countrywide reduced doc pools range from 70% to 86%
FitchIBCA.com December 1 |
| U.S. mortgage debt weaker after Freddie Mac dataPlayers worried that recent dip in rates below 8% has accelerated refinancing activities & will fuel MBS prepayments
Forbes.com December 1 |
| How To Get Mortgage Leads Regardless Of RatesMortgageDaily.com August 5 |
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| LION, Inc. Consolidates Corporate StructureWholly Owned Subsidiary, LionInc.com, Merged With Parent Company
PRnewswire.com January 31 |
Stewart To Deliver Fully Electronic Mortgage Closing Service
eOriginal technology enables execution, storage, & ownership transfer of electronic mortgage documents
MortgageDaily.com January 29 |
| Home Buyers Adjust Slowly To Online Mortgage BrokersStudies show that <2% of home mortgages are originated on Internet
WashingtonPost.com January 27 |
| E-loan Quarterly Loss Falls From 19994th quarter mortgage loan sales were $344.8 million
MortgageDaily.com January 26 |
| Majority of Online Mortgage Shoppers Are First Time HomebuyersMortgageITÂ Fall survey of online mortgage shoppers
PRNewswire.com January 17 |
| Paperless TrailBenefits of electronic closings are mostly post-closing
ChicagoTribune.com January 14 |
| E*TRADE(R) to Acquire Leading Online Mortgage OriginatorPurchase of LoansDirect structured with E*TRADE stock used as consideration
PRNewswire.com January 11 |
| E-Loan Shares Up 567% From Low Last MonthCompany announced today that 4th quarter auto loan volume up 190% over 1999
MortgageDaily.com January 10 |
| Instant GratificationVeriscore enables lenders to expedite permanent corrections to erroneous credit reports
MortgageDaily.com January 10 |
| Minton To Lead MBA’s Industry Technology EffortsHiring of Minton is part of MBA decision to restructure and elevate its technology-related committees
MortgageDaily.com January 9 |
| The Work Number Featured in Mortgage Technology Magazine’s “Sites To Watch for Mortgages”TheWorkNumber.com provides automated employment and income verifications over internet
Marketwatch.com January 9 |
| Home Financing Centers, Inc. –HFCI– Featured in American BankerArticle highlights ability to chat online with loan agent
Individual.com January 8 |
| LoanPage.com Files Lawsuit Against AOLMortgage search engine claims AOL intentionally breached advertising contract
MortgageDaily.com January 6 |
| THE RATING GAMEA look a credit scoring
ChicagoTribune.com January 5 |
At a Time of Heightened Demand, Lenders Customize Home LoansComputer programs such as those used by Priceline Mortgage provide opportunities for better loan terms
WSJ.com January 5
(subscription required) |
| LoanCity reduces staffCFO says marketing momentum and technology have eliminated need for some employees
REBuz.com January 4 |
| Credit Scores May Be Freed This YearTrans Union plans to give consumers a credit score based on its own computer model, but it would be similar to FICO score
ALTA.org January 3 |
Tech Shakeout Hits Mortgage Dot.ComsOnce online, users were going through traditional process to complete transaction
WSJ.com January 1
(subscription required) |
| E-loan Shares Trade At All-Time LowShares of the Internet mortgage company off 98% from 1999 high
MortgageDaily.com December 18 |
| Credit scores pushedFair Isaac changed its policy to let any consumer access credit score
ExpressNews.com December 13 |
| E-signatures: The Sign of the Times for the Financial IndustryCompanies/individuals increasingly considering transmission of business info over standard e-mail as poor business practice
HoustonChronicle.com December 13 |
| Twenty Six Percent of Brokers In Survey Access Rate Sheets Over InternetMediaLinq survey of 200 mortgage brokers
MortgageDaily.com December 12 |
| Click2Doc Gives POINT® Users “Free” Same Day Document DeliveryOriginators can email Point documents to borrowers; no special software required by borrowers
MortgageDaily.com December 12 |
| Calyx Software Unveils POINT Lender NetworkInternet-Enabled Screens Allow Fast, Detailed Broker2Lender Transactions
PRNewswire.com December 5 |
| LoanTrader Partners With The First American CorpWeb-Based Technology Solutions to Include Nationwide Title and Flood Determinations
Individual.com December 5 |
| IndyMac Bank’s No. 1 Mortgage Web Site Ranking Upheld by GomezIndymacmortgage.com has been named #1 overall online mortgage site for 2nd consecutive quarter in Gomez’s Internet Mortgage Scorecard
AOL.com December 5 |
Calyx(R) Software Wins Prestigious Mortgage Technology AwardMortgage Technology Magazine gave “Synergy Award” Synergy Award based on unique approach to partnering with service providers
see the entire Mortgage-Technology
story in PDF version by clicking herePRNewswire.com December 5
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| E-mortgages haven’t ignited yet; buyers still want personal touchExperts say it will take years for online mortgages to become popular
BankRate.com November 30 |
| IndyMac Bank to Receive Mortgage Technology’s 10X AwardAward is for the bank’s cutting-edge Internet-based loan origination system
AOL.com November 27 |
| LoansDirect Recognized as No. 1 in Customer Confidence by Gomez AdvisorsOnline Lender Rises to No. 2 in Overall Ranking
Marketwatch.com November 20 |
| LION Inc./LionInc.com Announce Financial Results for Third QuarterNet loss for the quarter was $359,804
Marketwatch.com November 16 |
| Security problem reveals mortgage applications onlineContour Software caused > 700 Americans’ loan apps to be available for viewing w/o password on Internet
CNN.com November 15 |
| LionInc.com Unveils eMortgage CenterService enables broker’s site to display selective live rates of Lion lenders
Marketwatch.com November 7 |
| Bankrate, Inc. Reports Online Revenue Increased by 59%Finance news site had $2,940,000 loss for quarter ended September 30
Marketwatch.com November 7 |
| Internet-i-grationLandSafe to integrate online order system for closing services
MortgageDaily.com November 6 |
| ADFINET Launches Free Mortgage Guides Web SiteCentex Technology’s site Adfinet.com provides useful reference information for GSE’s & government agencies
Marketwatch.com November 6 |
Digital NotaryCompany Offers Digital Notary Service
MortgageDaily.com November 3
(revised November 9) |
| Mortgage.com Forecloses On ItselfCompany blamed the current hostile climate for Internet-based companies
Gomez.com November 3 |
| Mortgage BidsPriceline Applies Auction Model To Mortgage Lending
MortgageDaily.com November 2 |
| Fair Isaac Makes Reason Code Explanations Available to ConsumersFicoGuide.com Enables Buyers To Better Understand How Their Credit Scores Are Calculated
MortgageDaily.com November 2 |
| Freddie Mac, Industry Groups To Develop Open Guidelines For Electronic MortgagesPreliminary specifications represent 1st detailed, operational blueprint for creation of electronic loan documentation systems
MBAA.org November 1 |
| Mortgage.com venture to operate independentlyOpenClose.com is partly owned by and located in same office building as Mortgage.com
Individual.com November 1 |
Survival Of The Fittest For Online Mortgage Lenders?Mortgage.com winding down online lending business
WSJ.com November 1
(subscription required) |
| Line Between B2B and B2C E-Commerce in Mortgage Market Expected to BlurSpecial report from Inside Mortgage Technology
PRNewswire.com October 31 |
| Eighteen Million New Consumers Seek Online Real Estate ServicesGomez and Inman News Features Release Key Findings of Upcoming Study
Individual.com October 30 |
| Ellie Mae to Offer Online Employment and Salary Verification through The Work Number from TALX CorporationIndividual.com October 30 |
| Myers Internet Services Now Offers Bilingual Web SitesOriginator site in Spanish
Individual.com October 30 |
| CYBER SIGNATURES DOTTED BY PROBLEMSIn most states the deal isn’t complete until the company mails some forms for you to sign and mail back
ChicagoTribune.com October 29 |
| JUST LOOKINGLack of secondary market experience has meant problems for some online companies
ChicagoTribune.com October 29 |
| E-Lending Companies’ Burn Rates RevealedLendingTree Inc. has $24.5 million, which will last 6 months at its current burn rate;Â Mortgage.com, with $14.72 million, can go 3.4 mths months more
LendingIntelligence.com October 23 |
| Basis100 Launches PASS-Port Service for Automated Home Portfolio AnalysisBasis100.com values each property individually using three methodologies
PRNewswire.com October 19 |
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