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LATEST U.S. MORTGAGE NEWS
Last Updated August 18, 2017 6:03 PM Central
MOST READ (Past 7 Days)

Purchases Offset Refi Gain 3rd Consecutive Week

preview | full story | Aug. 18
For the third week in a row, an increase in cashout-driven refinance activity has been more than offset by deterioration in the volume of purchase financing activity.

Weekly Mortgage Market Index off less than 1%

Mortgage Lead Generation Advances

preview | full story | Aug. 18
Mortgage lead providers, which have become more prominent as easy refinance business has diminished, have recently launched new offerings and enhanced existing products.

Why Billionaires Like Trump Take Out Home Loans

preview | full story | Aug. 18
President Donald J. Trump recently paid off the mortgage on a Florida home he owns. But why would a billionaire take out a mortgage in the first place.

2nd Half Mortgage Refinance Forecast Raised

preview | full story | Aug. 18
The forecast for mortgage refinances during the second half of this year has been increased, though it was at the expense of the second-quarter estimate.

Tool to Eliminate Appraisals on Some Freddie Loans

preview | full story | Aug. 18
A new automated tool from the Federal Home Loan Mortgage Corp. will enable some home buyers to avoid the time and expense of a full appraisal report.

Mortgage Rates Dip, Could Fall Further

preview | full story | Aug. 17
A modest week-over-week drop was reported for fixed rates on residential loans, and an even bigger decline is likely in the next report.

Mortgage Refinance Forecast Raised Over $40 Bil

preview | full story | Aug. 17
The latest real estate finance forecast has mortgage refinance production for this year and next year up by more than $40 billion from what was expected a month ago.

New Low for HARP Volume as GSE Refis Ascend

preview | full story | Aug. 17
Monthly refinances of government-sponsored enterprise mortgages increased, though the government-supported refinance program is barely active.

Huge Board Shakeup at Wells Fargo

preview | full story | Aug. 17
Wells Fargo & Co., the biggest U.S. originator of mortgages, will soon see the departure of three members of its board of directors -- including its chairman.

HARP Extend Despite Diminishing Volume

preview | full story | Aug. 17
The government-funded refinance program for borrowers on government-sponsored enterprise mortgages with little equity has been extended despite fading activity.


mortgage news archives back to 1999

Mortgage Firms Acquired and Not Acquired
Aug. 9
While some mortgage acquisitions have recently closed, one fell through just hours before it was supposed to be consummated. One company that was set to close down is back in business.

<read full story>


Walter Investment Warns About Ongoing Viability
Aug. 10
As losses continued at Walter Investment Management Corp., the company warned about its ongoing viability and restated income for prior period. Home lending tumbled.

<read full story>


Mortgage Firms Appoint Top Executives
Aug. 11
Among the roles that have recently been filled at a variety of real estate finance firms are chief financial officer, president and chief executive officer.

<read full story>


Fairway's Staffing, Servicing & Lending Expand
Aug. 7
In addition to growing the size of its servicing portfolio and expanding its human resources, Fairway Independent Mortgage Corp. saw quarterly loan originations soar.

<read full story>


Mortgage Staffing Faces Increased Layoffs
Aug. 7
Compared to a year earlier, employment in the mortgage industry has expanded. But as quarter-over-quarter headcount was down, some signs point to an increase in layoffs for the sector.

<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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