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Last Updated February 5, 2016 5:50 PM Central
MOST READ (Past 7 Days)

Former SunTrust Executive, Relatives Convicted

preview | full story | Feb 5
A former executive at SunTrust Mortgage Inc., his wife and two brothers-in-law have been convicted for running a mortgage fraud scheme.

Large Mortgage Settlement at HSBC

preview | full story | Feb 5
HSBC Bank USA, N.A., agreed to a settlement valued at hundreds of millions of dollars over allegations of abuses in home lending, servicing and foreclosures.

Mortgage Credit Conditions Tighten 3 Months in Row

preview | full story | Feb 5
Credit conditions in residential lending were tighter for the third month in a row, and it was conforming loan programs that contracted the most.

Mortgage Business Jumps to 9-Month High, Refis Soar

preview | full story | Feb 5
New mortgage activity leapt to the highest level in nine months as interest rates continued to improve. The impressive gain was fueled by a surge in refinance transactions, though jumbo activity also helped.

Mortgage Market Index 161 in week ended Feb. 5

US Jobs Report Weak, Mortgage Sector Revised Up

preview | full story | Feb 5
Although the number of jobs added in all American industries weakened last month, the government revised up its estimate of non-mortgage jobs for each month of last year.

Cities With Lowest, Highest Credit Scores

preview | full story | Feb 4
Borrowers in the city with the highest credit scores pay interest rates on mortgages that are 29 basis points less than borrowers in the city with the lowest scores.

Expansion Plans at PRMI

preview | full story | Feb 4
A new branch opening at Primary Residential Mortgage Inc. is expected to be followed by more than dozen more. In addition, dozens of hirings are planned.

9-Month Low for Mortgage Rates, Could Drop Further

preview | full story | Feb 4
Interest rates on home loans dropped to a nine-month low and, barring a less-than-stellar employment report tomorrow, could fall further.

Capital One Eliminating Dozens of Mortgage Jobs

preview | full story | Feb 4
As it streamlines its home lending operations, Capital One Financial Corp. is reducing the size of its staff at a Delaware location.

Nearly 600 Mortgage Jobs Cut by Wells Fargo

preview | full story | Feb 4
Improving loan performance and weak demand for new home loans has Wells Fargo & Co. laying off nearly 600 mortgage employees.

mortgage news archives back to 1999

Annual Movement Mortgage Originations Double
Jan. 18
Despite a quarterly slowdown in home lending at Movement Mortgage LLC, annual business more than doubled. Staffing expanded proportionately.

<read full story>

Mortgage Servicer Cutting Texas Jobs
Jan. 19
Over a hundred mortgage servicing jobs in North Texas are impacted by an office closing, and it's not yet clear if the employer will remain open.

<read full story>

Mortgage Rates Move in Unanticipated Directions
Jan. 19
Just when it seemed that interest rates on residential loans were going up, they fell. Such has recently been the journey for both bond yields and mortgage rates.

<read full story>

Mortgage Layoffs Planned at Redwood Trust
Jan. 21
A restructuring of its conforming mortgage business has Redwood Trust Inc. laying off employees and ending government-sponsored enterprise originations.

<read full story>

Quarterly Business Slows at Stearns, Full Year Up
Jan. 19
Quarterly mortgage originations were down by a fifth at Stearns Lending Inc., though annual production, servicing and staffing all moved higher.

<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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