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LATEST U.S. MORTGAGE NEWS
Last Updated July 24, 2016 5:56 PM Central
MOST READ (Past 7 Days)

MI Has Biggest Mortgage Job Gains, NC Most Losses

preview | full story | July 25
Quarterly hirings in the Motor City helped Michigan secure the biggest gains in mortgage employment, while the nation's biggest home lender was behind the state with the most mortgage job losses.

Mortgage Expansion at PRMI

preview | full story | July 22
An increase in residential lending at Primary Residential Mortgage Inc. was accompanied by more loans added to its mortgage servicing portfolio and more employees added to its staff.

Strong Quarter at Stearns Lending

preview | full story | July 22
Quarterly home lending climbed by more than a third at Stearns Lending Inc., while the mortgage servicing portfolio increased and staffing expanded.

Mortgage Refinances Retreat as Rates Rise

preview | full story | July 22
As mortgage rates ascended for the second straight week, new mortgage activity declined -- with refinance business taking a bigger hit than purchase financing.

Mortgage Market Index 177

SunTrust Home Loan Activity Flourishes

preview | full story | July 22
On point with top mortgage lending peers, SunTrust Banks Inc.'s quarterly production picked up speed. It also saw its servicing and investment portfolios grow.

Mortgage Rates Rise, Likely to Stay Put

preview | full story | July 21
A modest rise was recorded for mortgage rates this week, and several indicators suggest that they aren't likely to change over the next week.

Existing Home Sales Gains Might Be Unsustainable

preview | full story | July 21
Existing home sales improved last month, with the Midwest seeing the biggest month-over-month rise. But a key economist questions the ongoing viability of gains.

Mortgage Earnings, Originations Up at Huntington

preview | full story | July 21
Quarterly home lending grew stronger at Huntington Bancshares Inc., while a quarter-over-quarter gain was recorded for mortgage earnings. The servicing portfolio, though, fell.

Citizens' Home Lending Jumps, Headed Higher

preview | full story | July 21
Residential loan originations improved from the prior and year-earlier quarters at Citizens Financial Group Inc. and could ascend even higher.

BB&T Mortgage Originations Skyrocket, Servicing Up

preview | full story | July 21
Quarterly mortgage originations surged at BB&T Corp. In addition, the residential servicing and investment portfolios grew, quarterly earnings improved, and staff ranks swelled.


mortgage news archives back to 1999

Biggest Mortgage Lenders and Servicers
July 18
Two firms moved up a couple notches in the latest ranking of mortgage originators and servicers. The outlook for new lending activity is likely to improve thanks to Brexit.

<read full story>


New Mortgage Chief at Fifth Third
July 8
A mortgage servicing executive from PHH Corp. has been recruited by Fifth Third Bancorp to lead the company's residential lending business.

<read full story>


NewDay USA to Add Over 100 Employees This Year
July 13
NewDay USA has plans to add more than a hundred employees this year. The new recruits will work as loan originators, credit analysts and office staffers.

<read full story>


Freddie Securitizing Jumbo Mortgages
July 14
The Federal Home Loan Mortgage Corp. is issuing residential mortgage-backed securities backed by pools of jumbo loans originated by non-banks.

<read full story>


BofA Cutting Oregon Mortgage Jobs
Junly 11
More than a hundred mortgage employees are impacted from a decision by Bank of America Corp. to end operations at an Oregon location.

<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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