twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

October 2002 Archives

Fed Gives Nod to Citigroup's West Coast Thrift Acquisition
The Federal Reserve Board approved on Monday a request by Citigroup, Inc. to acquire Golden State Bancorp, Inc. and its savings subsidiary, California Federal Bank, both of San Francisco. But it's also keeping an eye on the lending practices of Citigroup's mortgage subsidiaries, in light of a recent record settlement and allegations of predatory practices.

Californians Busted for HUD Fraud
Several southern California individuals have been charged for defrauding lenders and the U.S. Department of Housing and Urban Development (HUD) of millions.

$137 Billion Q3 Purchases at Freddie
Freddie Mac announced third quarter results Wednesday, sporting hikes in its business volume, mortgage portfolio, and net operating income.

Cendant 3Q Production Up, Earnings Down
Cendant Corporation announced a boost in mortgage loan closings during the third quarter and a drop in earnings.

Countrywide CEO Interviews Former Pres
The Mortgage Bankers Association of America (MBA) kicked off its 89th annual convention and Expo with an interview of former President George H.W. Bush by Countrywide Credit Industries, Inc.'s chief executive officer.

Production Down From Q2 at World
Golden West Financial Corp. reported an increase in third quarter loan originations compared with last year. However, the third quarter figure is a slight decrease from second quarter 2002.

$9.7 Billion 3rd Quarter Production at GreenPoint
GreenPoint Financial Corp. reported increases in mortgage production during the third quarter.

More Earnings On The Horizon
First Horizon Home Loans announced Wednesday an increase in mortgage origination volume and record earnings for the third quarter.

Record Production at WaMu
Washington Mutual, Inc. reported record loan volume for the third quarter.

BoA Mortgage Banking Income Record $218 million
Bank of America Corporation announced a petite jump in net income in the third quarter driven by growth in consumer revenue from product lines including mortgages.

Production Down From 2001 at JPMorgan
JP Morgan Chase & Co. reported a healthy increase in originations from the prior quarter, but earnings and year-over-year production fell.

Refis Drive Wells Earnings
Wells Fargo & Company reported increases Wednesday in its third quarter earnings and production.

Billions & Trillions
Fannie Mae announced third quarter earnings Tuesday, reporting an increase in business volume.

Alonso vs. WaMu
A California judge stopped Washington Mutual Home Loans, Inc. on Oct. 8 from taking further action to foreclose on the home of a Yorba Linda family after a delinquent mortgage payment came up $51.56 short.

Behind The Music
Currently record low mortgage rates weren't always so low. Fixed rates have previously been more than 18 percent.

Racial Disparities
In its annual Great Divide 2002 analysis, the Association of Community Organizations for Reform Now (ACORN) found that minority applicants for conventional loans were rejected significantly more often than whites in 2001, but found both increases and decreases in rejection overall since 2000.

Feds Raid Mortgage Banker's Office
A New York mortgage banking firm has been accused by The Provident Bank of mortgage fraud.

More Records
Flagstar Bancorp, Inc. released record production figures for the month of September and reported a jump in rate lock commitments.

$25.3 Billion September Production at Countrywide
Countrywide Credit Industries, Inc. yet again reached an all-time high in production for the month ending Sept. 30, 2002, according to an announcement Tuesday.

Mortgage Jobs Jump
Employment numbers in the mortgage industry continued to rise in the month of September, according to the monthly employment report from the Bureau of Labor Statistics.

Freddie Nixes Georgia High Cost Loans
On the heels of a state anti-predatory lending act approval, Freddie Mac announced that it's revising its requirements for purchases of mortgages in Georgia.

Biggest Refi Wave From Here to Kingdom Come
Low mortgage rates have brought borrowers back to the closing table at a record pace. While it is the unknown that will drive interest rates during the upcoming months, rates don't appear to be headed up.

A Penny Saved and a Loan Denial
Key findings recently released from Fannie Mae's third annual Mortgage Focus study confirmed the best ways lenders can keep the cash and up the output -- by using automated underwriting. However, this comes on the cusp of a discrimination lawsuit based on the company's credit scoring system, which lenders must use if they want to sell their mortgages to Fannie.

In The Beginning
A good customer relationship begins with a good loan application. Taking better loan applications can lead to more income for a loan originator.

Broker Caught With Cocaine in Mortgage Fraud Raid
An Ohio mortgage broker, fleeing from a raid in a mortgage fraud case, was apprehended with cocaine -- unexpectedly turning a criminal fraud case into a drug case.

That's One Small Step for e-Kind
Online customers at Quicken Loans are now able to sign loan applications via their Web browser instead of installing software, downloading digital certificates, or waiting for the loan application package to be mailed to their homes, the company announced Monday.

Please Check One
Who's reading A new password system implemented at the mortgage industry news site has solved the mystery.

The average cost of funds during August for some western-based savings institutions fell for the second consecutive month, lingering near its lowest point in decades.

$637 Million Q3 Volume at Saxon
Saxon Capital, Inc. announced increases in its mortgage loan origination volume and total service portfolio balance during the third quarter, as well as a substantial jump in net income.

Sudden Impac
Impac Mortgage Holdings, Inc. reported increases in loan acquisitions, originations, and net earnings during the third quarter.

CHEC In Time
Centex Home Equity Company reported the second quarter production figures of its fiscal year, announcing increases in several areas

Household Net Plummets
Household International Inc. reported a plummet in net income during the third quarter, the result of a huge settlement charge.

Strong Quarter, Soft Month
New Century Financial Corporation reported a new quarterly volume record Tuesday.

Citigroup has agreed to the largest consumer protection settlement in U.S. history. With the settlement, the Federal Trade Commission (FTC) may be setting a new standard for what is and isn't acceptable behavior for companies that provide mortgage loans to consumers.

Household May Settle With States for Up to Half Billion
Another subprime company may enter into a predatory lending-related settlement that would be among the biggest in U.S. history.

Happy Days Are Here Again
New Century Financial Corporation announced Friday that strong production and a robust secondary market are enabling the company to raise its expected fourth quarter earnings.

HUD to Take Hits on Terrorism Policy
The U.S. Department of Housing and Urban Development (HUD) will not require terrorism coverage on Federal Housing Administration (FHA)-insured multifamily properties, HUD secretary Mel Martinez announced Tuesday.

Record YTD Production at Venture West
Venture West Funding, Inc. announced on Tuesday a substantial leap in mortgage loan funding during its nine months ending Sept. 30.

ARM That Starts At 19.5%

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news