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Last Updated September 26, 2016 5:19 PM Central
MOST READ (Past 7 Days)

114-Year-Old Bank Fails

preview | full story | Sept 26
An Arkansas bank has failed. Meanwhile, the failure of a much larger bank seven years ago proved to be very profitable for the acquirer.

Freddie Unveils New Risk Sharing Program

preview | full story | Sept 26
A new program from the Federal Home Loan Mortgage Corp. utilizes a panel of mortgage insurance companies to share credit risk.

Wells Fargo Reaches Settlement in Robocall Case

preview | full story | Sept 26
Wells Fargo & Co.'s banking subsidiary has agreed to settle allegations that it violated federal law on telephone calls made in connection with home loans.

Enhanced DU Goes Live

preview | full story | Sept 26
After delaying an update to its automated underwriting system that will accommodate non-traditional credit, the Federal National Mortgage Association has taken it live.

New Home Sales Down From July's Stellar Level

preview | full story | Sept 26
The nation's new home sales slowed in August, though they still remain strong. While sales in the Northeast plunged, they moved higher in the West.

Genworth Easing Requirements

preview | full story | Sept 23
In conjunction with updates being made to the Federal National Mortgage Association's automated underwriting system, Genworth Mortgage Insurance is making changes of its own.

Fund Launched to Subsidize Mortgage Broker Startups

preview | full story | Sept 23
A new initiative will provide individual loan originators with $10,000 to help them start up their own new mortgage brokerage firm.

Fay Servicing Hiring in Florida

preview | full story | Sept 23
With the opening of a new regional facility in Florida, Fay Servicing LLC plans to staff the location with a hundred new employees.

La. Mortgage Firm's Staff Up 73% Since Jan 2015

preview | full story | Sept 23
As Eustis Mortgage expands its brands by creating new subsidiaries, it has grown its staffing by more than 70 percent since last year.

Up Tick in Mortgage Refis Offsets Purchase Drop

preview | full story | Sept 23
Though there was a slight dip in new purchase financing activity over the past week, an increase in refinance business was enough to more than offset the decline.

Mortgage Market Index 168

mortgage news archives back to 1999

Nationstar Unit Closing
Sept. 21
A company created three years ago as a joint venture between Nationstar Mortgage LLC and a home builder is in the process of winding down.

<read full story>

Biggest Mortgage Lenders, Servicers
Sept. 23
As quarterly mortgage lending activity made a big leap, two large financial institutions traded spots on the list of the country's largest originators.

<read full story>

Banks Lose Mortgage LOs to Non-Banks
Sept. 16
The number of mortgage loan officers registered in the national database has expanded over the past year as non-bank originator share widened.

<read full story>

Mortgage Credit Tightens as Closing Rate Rises
Sept. 21
As the monthly closing rate of new mortgage applications improved, lenders were more restrictive about who was approved for a loan.

<read full story>

New York Jobs Being Cut by PHH Mortgage
Sept. 19
Dozens of employees in New York are being laid off by PHH Mortgage Corp. as a result of business the company recently lost.

<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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