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Last Updated October 2, 2015 2:19 PM Central
MOST READ (Past 7 Days)

FHA Reverse Mortgage Originations Slide

preview | full story | Oct 2
Monthly originations of federally insured reverse mortgages were down by nearly a fifth, though the biggest producer managed a gain.

Weekly Mortgage Activity Inches Up, ARMs Surge

preview | full story | Oct 2
As interest rates inched lower this past week, overall new mortgage activity inched higher. The increase in activity, however, was more substantial for adjustable-rate mortgages.

Mortgage Market Index 138 in week ended Oct. 2

CMBS Delinquency Sinks, Industrial Rate Plunges

preview | full story | Oct 2
Late payments on securitized commercial real estate loans tumbled last month, and the rate on just industrial property loans saw a spectacular decline.

Mortgage Jobs Hold Up as U.S. Employment Weakens

preview | full story | Oct 2
Among all industries, hirings weakened last month, and the prior month numbers were revised down. But staffing in home lending held steady and could strengthen thanks to a steep decline in rates today.

Mortgage Rates Barely Slip, More of Same Likely

preview | full story | Oct 1
Mortgage rates were minimally lower this week, and the outlook is for little change over the next week -- though a key economic report could change that.

loanDepot Allegedly Used Ineligible DPA on FHA Loans

preview | full story | Oct 1
A government watchdog has determined that loanDepot LLC improperly utilized downpayment assistance on residential loans that are insured by the government.

VA Updates Servicer Handbook 

preview | full story | Oct 1
Servicers of residential loans that are guaranteed by the Department of Veterans Affairs will soon need to comply with a revised handbook.

Fannie Business Slows, But Delinquency Down Again

preview | full story | Oct 1
Although its secondary activity abated and its book of business backed down, the Federal National Mortgage Association made more progress on its delinquency.

Fannie Leads Rise in Agency Issuance, Ginnie Lags

preview | full story | Oct 1
A drop in issuance at the Government National Mortgage Association last month was more than offset by a jump in activity at the Federal National Mortgage Association.

3rd Time a Charm for Record-Low COFI

preview | full story | Sept 30
For the third consecutive month, the Cost of Funds Index fell to a record low. Other adjustable-rate mortgage indices haven't fared so well.

mortgage news archives back to 1999

Former GMAC Secondary Executive Headed to Jail
Sept. 21
A former executive at GMAC Mortgage LLC will spend more than three years in prison for accepting bribes so that bids on loans sold by the former lending giant would be accepted by his accomplices.

<read full story>

Credit Bureau Changes Expected to Help 200 Million
Sept. 23
Changes that have been implemented by the country's credit bureaus are expected to benefit an estimated 200 million U.S. consumers.

<read full story>

Mortgage Entrepreneur Acquires Bank
Sept. 18
The owner of a growing mortgage banking firm has also become a controlling stockholder of a federally regulated financial institution.

<read full story>

Carrington Mortgage Sees Biggest Rise in Complaints
Sept. 22
Complaints filed against mortgage companies were up, though not as much as in other financial services sectors. Carrington Holding Company LLC's mortgage unit saw the biggest increase.

<read full story>

Chase Layoffs in NY Include Mortgage Jobs
Sept. 21
Nearly 200 employees in the Empire State are being let go by JPMorgan Chase & Co., and some of the impacted jobs are in home lending.

<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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