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LATEST U.S. MORTGAGE NEWS
Last Updated August 30, 2015 8:08 PM Central
MOST READ (Past 7 Days)

RBC Found Liable in Thornburg Case

preview | full story | Aug 31
A unit of Royal Bank of Canada has been been found liable for $45 million in a lawsuit filed on behalf of the now-defunct Thornburg Mortgage Inc.

Case for Fed to Hold Off on Raising Rates

preview | full story | Aug 28
A Nobel laureate in economics who is a professor at Columbia University makes a case for the Federal Reserve to hold off on raising rates.

Jumbos, ARMs Lead Surge in Weekly Mortgage Business

preview | full story | Aug 28
As mortgage rates plunged this past week, jumbo loan and adjustable-rate mortgage activity shot up -- helping to drive up overall business.


Mortgage Market Index 144 in week ended Aug. 28

Nationstar Giving $30 Mil to Distressed Borrowers

preview | full story | Aug 28
Nationstar Mortgage is providing $30 million to borrowers on distressed home loans in an agreement tied to financing for a new $500 million basketball arena.

Mortgage Rates Tumble But Set to Surge

preview | full story | Aug 27
As financial markets were in turmoil this past week, fixed mortgage rates sank. But all indications are that rates will bounce back up in the next report.

Monthly HARP Volume Off Despite Up Tick in Refis

preview | full story | Aug 27
Although the monthly volume of government-sponsored enterprise refinances moved higher, the same can't be said of government-supported refinances.

Walter Affiliate Acquires MSRs on $3 Bil in Loans

preview | full story | Aug 27
Mortgage servicing rights on more than $3 billion in government-sponsored enterprise loans have been acquired by an entity related to Walter Investment Management Corp.

Gain in Pending Home Sales Restrained by Supply

preview | full story | Aug 27
Pending home sales managed to eke out another gain and would have been even stronger if not for supply constraints.

Non-QM Jumbo Mortgages For Sale

preview | full story | Aug 26
A small portfolio of jumbo mortgages that don't meet Qualified Mortgage requirements is up for grabs. The loans are hybrid adjustable-rate mortgages.

Freddie Mac Delinquency Nears Post-Crisis Low

preview | full story | Aug 26
After ascending to the highest level in two years, secondary activity the Federal Home Loan Mortgage Corp. slipped. Delinquency, however, improved and now stands near its lowest level since the financial crisis erupted.


mortgage news archives back to 1999

Mortgage Player Just Got More Significant
Aug. 21
An investment fund that recently became a player in the world of mortgage banking has just made a huge acquisition that will boost its wholesale presence.

<read full story>


Former NY Mortgage Player Reemerges
Aug. 17
The founder of a former New York firm that was a residential origination player is bringing her brand of lending back to the Big Apple.

<read full story>


Mortgage Service Provider Cutting Colorado Jobs
Aug. 17
Hundreds of positions are being eliminated next month at a Colorado company that provides a variety of services to the home-lending industry.

<read full story>


Most Savvy Small Banks With Social Media
Aug. 20
A ranking of community banks based on their social media prowess was topped by a financial institution in the Lone Star State.

<read full story>


Freedom Mortgage Makes Acquisition
Aug. 10
Just a few months after disclosing plans to seek out new opportunities, Freedom Mortgage Corp. has made an acquisition.

<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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