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Mortgage Employment Index Q3 2013
During Q3, Mortgage Daily tracked over 15k more mortgage
layoffs than hirings -- the worst quarter since 2007. Read
about details, including hirings & layoffs by company & state. |
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LATEST U.S. MORTGAGE NEWS
Last Updated Wednesday, December 04, 2013 05:41 PM Central |
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preview | full story
| Dec. 4
Increasing interest rates on residential loans wasn't enough to hold back buyers of new homes, according to the latest government figures.
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preview | full story
| Dec. 4
Impac Mortgage Holdings Inc. is selling a mortgage servicing subsidiary in a move that is expected to free up cash to grow its own servicing portfolio.
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preview | full story
| Dec. 4
Home loans that don't carry a Qualified Mortgage designation will present more risk for loan securitization trusts, though the degree of additional risk will depend on the originator and the strength of the representations and warranties.
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preview | full story
| Dec. 4
Small and mid-sized mortgage servicers have recently grown their servicing portfolios. But staffing expanded on a quarter-over-quarter basis, reducing efficiency and cutting into per-loan profits.
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preview | full story
| Dec. 4
As residential loan originations slid in the third quarter, the bottom line per loan plummeted due in large part to rising per-loan employee costs and dwindling secondary marketing gains. Still, per-loan revenue move higher.
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preview | full story
| Dec. 4
A review of how mortgage servicers have complied with requirements of last year's massive settlement found that they came up short in several areas -- though they are addressing the shortcomings.
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preview | full story
| Dec. 4
The number of super-jumbo mortgages that have been foreclosed has soared over the past year, though the problem might not be as bad as it sounds.
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preview | full story
| Dec. 4
A decision by Ocwen Financial Corp. to reduce its mortgage servicing workforce impacts employees in three states, including Iowa.
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preview | full story
| Dec. 4
Several hundred employees were notified by Ocwen Financial Corp. that their positions are being eliminated, including more than 200 in Pennsylvania.
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preview | full story
| Dec. 3
Falling refinance originations impacted the bottom line at independent mortgage bankers. But some lenders mitigated the impact with their servicing businesses.
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mortgage news archives back to 1999
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Big Banks Dominate Mortgage Layoffs
Nov. 17, 2013
While many smaller lenders and service-providers are making mortgage-related job cuts, the bulk of employees impacted by a recent rash of layoffs in the sector work for just a few large banks.
<read full
story>
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Implementation Ahead for Key Mortgage Disclosures
Nov. 20, 2013
A final rule is being issued on a pair of key forms that will be required at the outset of the home lending process and just prior to a mortgage closing. The new forms, which replace two sometimes conflicting disclosures, go into effect in less than two years.
<read full
story>
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