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LATEST U.S. MORTGAGE NEWS
Last Updated May 22, 2018 11:32 PM Central
MOST READ (Past 7 Days)

USA Mortgage On Track to Maintain 2017 Lending

preview | full story | May 22
Based on residential loan production during the first three months of 2018 at USA Mortgage, the company is on track to keep up with last year's annual originations.

Dodd-Frank Rollback Passes House, On to President

preview | full story | May 22
Changes to requirements for home-equity conversion mortgages have driven reverse mortgage lenders to develop new proprietary programs.

HECM Changes Drive New Proprietary Programs

preview | full story | May 22
Changes to requirements for home-equity conversion mortgages have driven reverse mortgage lenders to develop new proprietary programs.

Mortgage LO Sentenced to Prison

preview | full story | May 22
A New Jersey mortgage loan originator has been sentenced to hard time because of his role in a scheme involving $6 million in fraudulent residential loans.

HQ Move Creating Over Thousand SC Mortgage Jobs

preview | full story | May 22
An intrastate move to a new headquarters location has a servicer of residential loans adding more than a thousand jobs in the Palmetto State.

Mortgage Servicing Grows at HomeBridge

preview | full story | May 21
During the past few months, HomeBridge Financial Services Inc. has expanded its mortgage servicing portfolio. Staffing, though, has been reduced.

Mortgage Bankers See Continued Growth in Purchases

preview | full story | May 21
Despite industry-wide expectations of ongoing declines in refinance production, U.S. mortgage bankers see continued expansion ahead for the origination of loans to finance home purchases.

New FRBNY Chief Sees Low Rates as New Normal

preview | full story | May 21
The new chief of the powerful Federal Reserve Bank of New York says there has been a paradigm shift in what are considered to be normal interest rates.

Risk-Based Pricing for Mortgage Insurance

preview | full story | May 21
At least one mortgage insurance company will begin offering premiums that are based a loan's risk profile determined by a variety of underwriting factors.

Conventional Leads Weekly Drop In Mortgage Biz

preview | full story | May 21
A week-over-week decline in new mortgage activity was spearheaded by new conventional lending. The overall decline was contrasted by jumbo business, which recorded a gain.


Jumbo activity increases



mortgage news archives back to 1999

Data Breach at SunTrust
Apr. 20
Data on more than a million customers of SunTrust Banks Inc. has been stolen. The heist was an inside job.

<read full story>


Q2 Mortgage Refinance Outlook Increases
Apr. 16
The second-quarter forecast for refinance originations has been raised -- though the gain came at the expense of expected second-half production.

<read full story>


Massive Judgment Against Founder of Mortgage Firm
Apr. 17
Plaintiffs in a lawsuit who were awarded an enormous amount of money for alleged defamation by the founder of a mortgage company are taking steps to collect.

<read full story>


Mortgage Originations Shift from FHA to Conv
Apr. 18
Compared to a year ago, conventional share has increased at the expense of government-insured share. Rising rates are impacting refinance share and, in turn, closing times.

<read full story>


Former ResCap Chief Named Ditech CEO
Apr. 19
The former chairman and chief executive officer of a previous ditech.com affiliate has become the CEO and president of the company that now operates as Ditech Holding Corp.

<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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