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Last Updated March 4, 2015 4:29 PM Central
MOST READ (Past 7 Days)

KeyBank Bets On Residential Lending

preview | full story | Apr. 12
A financial institution better known for its commercial real estate lending business has hired a senior mortgage banking executive to expand its residential lending.

Senior mortgage executive hired

Dozens of Job Cuts at Wingspan

preview | full story | March 4
More than a hundred mortgage servicing employees located in the state of Louisiana are being laid off by Wingspan Portfolio Advisors.

Modification Activity Down 4th Year in a Row

preview | full story | March 4
For four consecutive years now, mortgage servicers have completed fewer loan modifications than they did in the previous year.

Citi's Mortgage Servicer Rating Downgraded

preview | full story | March 4
A downgrade has hit the servicer rating of Citigroup Inc.'s mortgage banking unit as its performance has weakened relative to its peers.

CMBS Delinquency Tumbles 50 BPS in Q4

preview | full story | March 4
The quarterly performance of securitized commercial real estate loans strengthened more than for any other investor type, and the improvement has continued into this year.

Nearly $400 Million in Distressed Freddie Loans Sold

preview | full story | March 3
The sale of seriously delinquent non-performing loans by the Federal Home Loan Mortgage Corp. will hardly impact its massive investment portfolio.

Strong Multifamily Markets Expected in 2015

preview | full story | March 3
Commercial mortgage originations for all of last year improved over 2013. In at least the multifamily sector, the momentum is likely to continue this year.

Reverse Mortgage Originations Off Last Month

preview | full story | March 3
Lenders in the reverse mortgage sector lost steam last month, as fewer mortgagees participated in the government-insured program.

Merger Creates Finance Company Giant

preview | full story | March 3
Former subprime home lending giants that have since abandoned the mortgage business are merging through an acquisition.

MTA Rises Again

preview | full story | March 3
An index that is used to set interest rate changes on some adjustable-rate mortgages has ascended again.

mortgage news archives back to 1999

Chicago Judge Accused of Mortgage Fraud
Feb. 11
A county judge in Chicago has been removed from the bench while she awaits a hearing by a state commission over allegations of mortgage fraud.

<read full story>

More Servicing Layoffs at BofA
Feb. 12
Just a week after disclosing that it would eliminate hundreds of mortgage servicing jobs in Virginia, Bank of America Corp. has advised hundreds of North Carolina servicing employees of their impending layoffs.

<read full story>

Work-From-Home Underwriters Being Recruited
Feb. 13
A strengthening housing market has a residential lender based on the East Coast expanding its underwriting staff through a "work-at-home" recruiting campaign.

<read full story>

CFPB Coming Down on Reverse Mortgage Lending
Feb. 10
The regulator in charge of overseeing the nation's financial services has released a report highlighting borrowers' frustration with reverse mortgages and issued an order against a reverse lender.

<read full story>

Regulatory Actions Taken Against 3 Lenders
Feb. 12
Allegations of false advertising through marketing pieces that appeared to be government-affiliated have landed three separate mortgage banking firms in hot water with federal regulators.

<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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