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LATEST U.S. MORTGAGE NEWS
Last Updated July 27, 2017 5:14 PM Central

MOST READ (Past 7 Days)

Mortgage Rates Drop, Might Ascend preview \| full story \| July 27 Interest rates on single-family loans retreated this past week. It's possible, however, that mortgage rates could bounce back up in the next report.
Freddie Boosts US Mortgage Outlook By $140 Billion preview \| full story \| July 27 Freddie Mac has improved its outlook for industry-wide single-family lending this year and next year by $140 billion. A majority of the increase went to home purchase financing.
Churchill Mortgage Originations Jump preview \| full story \| July 27 Compared to the previous three-month period and the year-earlier quarter, home-lending activity at Churchill Mortgage Corp. was stronger. Staffing is shrinking, though.
Alexa Helps Mortgage Brokers w/Pipeline Management preview \| full story \| July 27 A wholesale mortgage lender is providing its mortgage-broker clients with hands-free access to current information about their loan pipelines.
Satisfaction Off at Best Mortgage Servicers preview \| full story \| July 27 Two of the residential loan servicers that are considered to be among the five best saw borrower satisfaction erode this year. But the other three improved their standings.
Record Mortgage Production at Waterstone preview \| full story \| July 27 A small increase in home-lending volume at WaterStone Bank SSB was enough to push residential loan production to "a quarterly record."
M.I. Premiums Improve at MGIC preview \| full story \| July 26 Changes being made to mortgage insurance premiums at MGIC will result in lower costs for some borrowers and greater choices for others.
House Votes to Repeal Arbitration Rule preview \| full story \| July 26 Legislation to repeal a recently enacted rule that prohibits mandatory arbitration made it through the House this week.
Mortgage Firm Acquiring Virginia Bank preview \| full story \| July 26 A mortgage company out of Virginia has negotiated an all-stock acquisition where its chief executive officer will become chairman of a bank-holding company.
CMBS Storm Could Begin to Subside preview \| full story \| July 26 Delinquency on loans included in commercial mortgage-backed securities continued to deteriorate, though conditions could soon begin to improve.
mortgage news archives back to 1999

Chase's Mortgage Servicing Down, Assets Up
July 14
While there was little change in quarterly mortgage originations at JPMorgan Chase & Co., the residential servicing portfolio declined as mortgage assets grew.
<read full story>

Ditech Cutting Hundreds of Texas Jobs
July 17
The mortgage operating unit of Walter Investment Management Corp. is closing an office in Texas. Hundreds of employees are impacted.
<read full story>

PNC Successfully Shifts to Home Purchase Financing
July 17
A reduction in mortgage refinance production at The PNC Financial Services Group Inc. was easily offset with a sharp increase in the origination of loans to finance home purchases.
<read full story>

Quicken Loans Loses Class Action Appraisal Lawsuit
July 14
Quicken Loans Inc. has lost a class action in which it was accused of suggesting values to appraisals. But the mortgage giant expects to be vindicated on appeal.
<read full story>

Alleged HECM Scheme Settled
July 21
The federal government has negotiated a settlement with a man who is accused of abusing the federally insured reverse mortgage program.
<read full story>

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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