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Last Updated October 21, 2016 1:19 PM Central
MOST READ (Past 7 Days)

BofA Bumps Low Income Program to $1 Bil

preview | full story | Oct. 21
Bank of America Corp. is doubling down on its commitment to a program that helps low-income families achieve home ownership.

Mortgage Business Improves at Citizens Financial

preview | full story | Oct. 21
Home lending, mortgage earnings and residential assets all increased on both a quarter-over-quarter and year-over-year basis at Citizens Financial Group Inc.

Mortgage Earnings, Originations Up at SunTrust

preview | full story | Oct. 21
Quarterly earnings from its mortgage business moved higher at SunTrust Banks Inc. An even more impressive improvement was made with production.

Record Multifamily Mortgage Originations

preview | full story | Oct. 20
Commercial real estate lenders funded more loans to finance apartment buildings last year than during any previous year on record.

Mortgage Rates Expected to Stay Put for Months

preview | full story | Oct. 20
Fixed mortgage rates moved higher this past week. But multiple short-term and long-term forecasts have fixed rates remaining where they are now for months.

Monthly Loan Modifications Increase

preview | full story | Oct. 20
Loan modifications rose on a year-over-year basis, though a month-over-month slump was recorded for government-supported modifications.

First-Time Buyers Drive Up Existing Home Sales

preview | full story | Oct. 20
As the share of first-time buyers climbed to the highest level in more than four years, the annual rate of existing homes headed North last month.

MSRs on Nearly $3 Bil in Agency Loans For Sale

preview | full story | Oct. 20
Bids are now being accepted for mortgage servicing rights on as much as $3 billion in home loans that are backed by the housing finance agencies.

Home Purchase Financing Estimate Raised for 2015

preview | full story | Oct. 20
The estimate of last year's volume of loans to finance home purchases has been raised by more than $50 billion, though it came at the expense of refinances.

5th 3rd Mortgage Earnings Down, Originations Up

preview | full story | Oct. 20
Fifth Third Bancorp's quarterly residential loan production and mortgage assets increased. But mortgage revenues and servicing both declined.

mortgage news archives back to 1999

Mortgage Industry Wins Huge Legal Battle With CFPB
Oct. 11
A federal appeals court has ruled in favor of PHH Corp. in an action challenging a Consumer Financial Protection Bureau order and its structure.

<read full story>

Ditech President Out
Oct. 14
With just a year on the job, the head of Walter Investment Management Corp.'s operating subsidiary is departing -- continuing a series of executive shakeups at the company.

<read full story>

2 Mortgage Executives Promoted
Oct. 13
In addition to a trio of real estate finance executives who were recently hired to fill a variety of positions, two senior executives have been promoted within their own companies.

<read full story>

Merrill Lynch Ending PLC Contract With PHH
Oct. 10
Third-quarter mortgage results have started rolling in and the first to report, The Money Source Inc., disclosed increased lending, servicing and staffing.

<read full story>

Mortgage Firm's Owner On Trial for Mortgage Fraud
Oct. 6
The owner of a defunct mortgage firm is accused using fake appraisals and fraudulent documents in a multi-million-dollar mortgage fraud conspiracy.

<read full story>

MORTGAGE VIDEO NEWS mortgage video news
Lack of GSE reform at heart of concerns
Henry Paulson Worries About Another Crisis
The former secretary of the Department of the Treasury who presided over the 2008 financial crisis is worried that conditions are ripe for another such event.
<watch video>
Video of interviews
Cordray Spars With GOP
The head of the Consumer Financial Protection Bureau made his way to Capitol Hill this week to deliver his semiannual report to lawmakers.
<watch video>
Video of interviews
The Players in Richmond's Eminent Domain Plan
Two of the key players in the battle between mortgage investors and and backers of an eminent domain plan talk about the controversial scheme, while a Realtor says his town has no business participating in the plan.
<watch video>
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