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Last Updated January 20, 2017 5:57 PM Central
MOST READ (Past 7 Days)

Home Purchase Financing Forecast Raised

preview | full story| Jan. 20
This and next year's expected origination of loans to finance home purchases was modestly elevated. But projected 2017 refinances, however, retreated.

Democrats Hammer Mnuchin on One West Bank

preview | full story| Jan. 20
President Donald Trump's nominee for secretary of the Department of the Treasury took a beating yesterday from Senate Democrats over OneWest Bank.

MLK Holiday Drags Down Mortgage Business

preview | full story| Jan. 20
With refinances leading the way, new mortgage activity moved lower in the week that included the Martin Luther King holiday.

Mortgage Market Index down 7%

Rising Mortgage Originations at Citizens to Slow

preview | full story| Jan. 20
Home lending inched up on a quarter-over-quarter basis and soared on a year-over-year basis at Citizens Financial Group Inc., though a slowdown is in the offing.

Trump Administration Suspends FHA Premiums Cut

preview | full story| Jan. 20
One of the first acts by the administration of the newly inaugurated President Donald J. Trump was to suspend a reduction in premiums on government-insured mortgages.

Mortgage Originations, Servicing Grow at SunTrust

preview | full story| Jan. 20
In addition to increasing the quarterly volume of its home lending, SunTrust Banks Inc. expanded the size of its residential loan servicing portfolio.

Mortgage Rates Dip But Likely to Jump

preview | full story| Jan. 19
Interest rates on residential loans turned modestly lower over the past week. But the next report is likely to reflect a significant surge in rates.

Government Backing of 30-Year Mortgage at Risk

preview | full story| Jan. 19
With a sea change about to take place in Washington, the elimination of government backing for 30-year mortgages has become a possibility.

Fidelity National Title Briefly Suspended in CA

preview | full story| Jan. 19
The title insurance unit of Fidelity National Financial Inc. was suspended in California, though the situation has just been rectified.

Mortgage Fraud Risk Grows, Could Rise More

preview | full story| Jan. 19
Quarterly mortgage fraud risk increased and is expected to go higher. Communities in New York and Florida are at the most risk.

mortgage news archives back to 1999

New CEO at PennyMac
Dec. 14
A new chief executive officer has been named by PennyMac Financial Services Inc. In addition, the young mortgage banking firm announced several other executive appointments.

<read full story>

Ally Bank Reveals New Mortgage Program
Dec. 12
Just one year after telling investors that it planned to wade back into the mortgage waters, Ally Financial Inc. has taken a big step into submerging itself into real estate finance.

<read full story>

Rule Requires GSEs to Support Underserved Markets
Dec. 13
A final rule has been issued that requires the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. to support home financing in underserved markets.

<read full story>

Another Round of New York Layoffs by PHH
Dec 16
Less than three months after disclosing dozens of mortgage servicing staff cuts in New York, PHH Mortgage Corp. has disclosed dozens more.

<read full story>

CashCall Cuts Mortgage Staffing
Dec. 6
A recent round of layoffs at CashCall Inc. has been attributed to seasonal and market factors that are expected to impact the entire home-lending industry.

<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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