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LATEST U.S. MORTGAGE NEWS
Last Updated Friday, April 18, 2014 06:12 PM Central
MOST READ (Past 7 Days)

Refinances Lead Decline in Weekly Mortgage Business

free preview | full story | Apr. 18
Heading into the semi-holiday weekend, loan originators turned down the volume on new business. A bump in fixed rates dampened demand for refinances.

Mortgage Market Index 174 in week ended April 18

Several Executives Land New Jobs at Mortgage Firms

preview | full story | April 18
Many of the latest executive appointments in real estate finance were mid-level managers at mid-sized lenders, servicers and wholesalers. Experience for most of today's leaders is measured in decades.

Mortgage Business Contracts at Fifth Third

preview | full story | April 18
Quarterly mortgage originations geared down at Fifth Third Bancorp, while the servicing portfolio was reduced and home loan assets were cut.

Agency MSRs Up for Bid

preview | full story | April 18
A small servicing portfolio of agency loans is being marketed for sale. Bids are being accepted for portions of the portfolio.

Former Officials of Failed $2.7 Billion Bank Sued

preview | full story | April 18
Former directors and officers of a failed $2.7 billion bank are being sued for loans they made and rules they broke while at the helm of the financial institution.

100s of Additional Mortgage Layoffs at Wells Fargo

preview | full story | April 17
The campaign to align staffing levels with mortgage production volume is continuing at Wells Fargo & Co., which has already cut thousands of mortgage jobs.

Guide Launched for Integrated Disclosures

preview | full story | April 17
A guide has been made available to help small businesses comply with new combined disclosure requirements that go into effect in less than four months.

Declining Mortgage Rates Poised to Turn Higher

preview | full story | April 17
A nice improvement was reported this week for fixed mortgage rates. But some signs suggest an increase is in store for next week's report.

BB&T Mortgage Unit Turns In Respectable Results

preview | full story | April 17
Residential loan originations may have been down, but BB&T Corp. grew its servicing portfolio, increased its mortgage investments and lowered its delinquency.

2014, 2015 Origination Forecasts Cut by $80 Billion

preview | full story | April 17
The outlook for mortgage production from all U.S. lenders during 2014 and 2015 was reduced by $80 billion compared to last month's forecast.


mortgage news archives back to 1999

Nationstar Executive Joins loanDepot
April 7, 2014
A top executive at Nationstar Mortgage LLC's retail lending subsidiary has jumped ship and joined another fast growing company.

<read full story>


Banks Scoop Up Mortgage Bankers
April 10, 2014
A trio of recent mortgage banking deals were made by banks, and one involves a former Wells Fargo & Co. joint venture.

<read full story>


Mortgage Bankers Cut 2014 Purchase Finance Forecast
April 10, 2014
The nation's mortgage bankers lopped $15 billion off expected purchase financing originations for this year, cutting into the overall annual outlook.

<read full story>


Fmr CFPB Official's Firm to Offer Wholesale Non-QMs
April 8, 2014
A company founded by a former Consumer Financial Protection Bureau official has agreed to a merger that has it providing non-Qualified Mortgage through the wholesale channel.

<read full story>


Underwriter Wins Appeal in Overtime Lawsuit
April 8, 2014
A federal appeals court has brought a mortgage underwriter's lawsuit back to life after the case was dismissed more than two years ago.

<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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