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Last Updated March 22, 2018 4:52 PM Central
MOST READ (Past 7 Days)

Mortgage Jobs, Servicing Grow at Lake Michigan CU

preview | full story | March 22
Although quarterly and annual home lending retreated at Lake Michigan Credit Union, the servicing portfolio and mortgage staffing both expanded.

Mortgage Rates Could Move Lower

preview | full story | March 22
While monthly interest rates on residential loans headed north, weekly rates held steady. But stock market volatility could have fixed rates falling in next week's report.

FHA Technology Fee Proposed

preview | full story | March 22
In order to fund planned technology investments in the Federal Housing Administration, a per-loan fee on newly originated mortgages is being proposed.

Freddie Lifts Refi Forecast, Cuts Purchase Outlook

preview | full story | March 22
Economists at the Federal Home Loan Mortgage Corp. have raised the outlook for refinances and lowered expected purchase financing for this year  -- dragging down the overall forecast.

Foreclosure Inventory Plunges to Post-Recession Low

preview | full story | March 22
Mortgage delinquency retreated last month thanks to a foreclosure inventory that has plummeted to the lowest level since the Great Recession.

MSRs on Fannie Mae Loans Up for Bid

preview | full story | March 21
Mortgage servicing rights on nearly $2 billion in home loans backed by the Federal National Mortgage Association have been put up for auction.

UBS Agrees to RMBS Settlement

preview | full story | March 21
Two units of UBS have agreed to settle allegations that they misled investors about the quality of toxic mortgage securities.

Mortgage Closings Speed Up as FHA Share Falls

preview | full story | March 21
As government-insured mortgage share has diminished over the past year, the time to close has shortened. But it has become slightly more difficult to qualify for a home loan.

Wells Fargo Wants to Expand MN Mortgage Office

preview | full story | March 21
An expansion sought for a mortgage facility in the Twin Cities would enable Wells Fargo & Co. to house more than an additional thousand employees there.

West Leads Rise in Existing Home Sales

preview | full story | March 21
A jump in the sale of pre-owned homes last month in the West led an overall national gain. In the Northeast, however, there was a significant slump amid brutal weather conditions.

mortgage news archives back to 1999

Lawsuit Accuses CMG of Raiding New Penn Employees
Jan. 22
CMG Mortgage Inc. is in the midst of a lawsuit accusing it of raiding nearly half of New Penn Financial LLC's retail division. CMG is run by the Mortgage Bankers Association's chairman-elect.

<read full story>

Mortgage Firms Change CEOs, Presidents
Jan. 26
The latest executive appointments in the mortgage industry include presidents, chief executive officers and a chief operating officer. A top human resource job has been filled at a government-sponsored enterprise.

<read full story>

Justice Department Investigating Lennar Mortgage Unit
Jan. 25
The mortgage subsidiary of home builder Lennar Corp. is being investigated over its handling of the lending process on government-insured loans.

<read full story>

Tax Law to Impact Home-Equity Products
Jan. 25
While home-equity loans and home-equity lines of credit can have lower rates than personal loans, the new tax law could lessen the benefit for some borrowers.

<read full story>

Caliber Home Loans Originations Increase in 2017
Jan. 19
Despite annual declines already reported by several of the nation's biggest mortgage originators, Caliber Home Loans Inc. experienced an increase. Servicing has also expanded.

<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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