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News 8 months ago
Bank Accused in Lawsuit of Mortgage Discrimination

A bank in Connecticut is accused in a federal lawsuit of discriminating against consumers who lived in predominantly minority neighborhoods.Average...

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News 8 months ago
Declining Mortgage Lates Behind Chase Layoffs

JPMorgan Chase & Co., which has recently been expanding its payroll, is eliminating hundreds of positions in its real estate finance business....

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News 8 months ago
Mortgage Jobs Expand Despite Sharp Broker Drop

Although job growth among all U.S. industries slowed last month, prior-month data was revised up and unemployment fell to its lowest level in...

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News 8 months ago
Mortgage Rates Dip, But Likely to Skyrocket

Mortgage rates retreated a modest amount just one week after climbing to a seven-year high. The next rate report, however, is likely to reflect...

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News 8 months ago
This Year's Movement Mortgage Layoffs Surpass 300

A fresh round of job cuts at Movement Mortgage LLC has pushed total layoffs so far for this year past 300. The latest staff reductions are the...

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News 8 months ago
Mortgage Biz Surges as Gov Activity at 4-Mth High

A fresh round of job cuts at Movement Mortgage LLC has pushed total layoffs so far for this year past 300. The latest staff reductions are the...

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News 8 months ago
Acquisition of PHH Corp. a Done Deal

The acquisition of PHH Corp., which has operated as an independent organization for more than a dozen years, has been completed.Mount Laurel, New...

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News 8 months ago
Government Loans Drive Mortgage Credit Tightening

Changes to government mortgage programs last month drove down overall mortgage credit availability. Jumbo credit conditions, however, were looser...

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News 8 months ago
Bank HEL Delinquency Soars

Quarterly performance on bank-owned home-equity loans substantially deteriorated. Delinquency was down, though, for mobile home and property...

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News 8 months ago
Consumer Bankruptcies Drop from Month, Yr Earlier

A sharp drop in monthly consumer bankruptcy filings was complimented by a year-over-year improvement. States with the most filings per capita were...

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News 8 months ago
ARM Share of Mortgage Apps Widest in 4 Mths

A weekly bump in purchase-money applications was offset by a dip in refinances. The share of loan applications for adjustable-rate mortgages was...

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News 8 months ago
Freddie Sells Over $500 Mil in Nonperforming Loans

More than $500 million in loans owned by the Federal Home Loan Mortgage Corp. have been sold through the auction process. A majority of the loans...

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News 8 months ago
Dozens of SoCal Mortgage Hirings In Process

A two-year-old East Coast mortgage banking firm is increasing its West Coast presence with a new location in Southern California that will be...

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News 8 months ago
Former Co-Owner of Troy and Nichols Dies

Local Baton Rouge, Louisiana, business leaders remembered the former co-owner of the Troy & Nichols mortgage firm, who died last week.O. Miles...

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News 8 months ago
Annual HECM Endorsements Sink to 13-Year Low

The volume of reverse mortgages insured by the federal government descended last month, leaving annual activity at the lowest level in 13 years....

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News 8 months ago
Growth Drives Hirings at Gateway Mortgage Group

Continued growth is being cited by Gateway Mortgage Group LLC for a recruiting campaign to add a hundred employees to its network of mortgage...

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News 8 months ago
CMBS Loan Performance is Spectacular

The monthly performance of securitized commercial real estate loans continues to improve, with delinquency establishing yet another post-crisis low...

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News 8 months ago
Fannie Leads Agency MBS Issuance Lower

After leading agency issuance higher for two consecutive months, Fannie Mae was out front of a decline in securitizations last month. The spread...

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News 8 months ago
11-Yr Low For Fannie Serious Mortgage Delinquency

Serious mortgage delinquency on loans backed by the Federal National Mortgage Association tumbled to the lowest level in 11 years. Monthly business...

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News 8 months ago
2nd Appraisal to Be Required on Some HECMs

The rate of delinquent payments on bank-serviced mortgages has improved over the past year, though there was no quarter-over-quarter change. Fewer...

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News 8 months ago
Robust VA Share Lifts Government Mortgage Share

Government share was the most broad it's been in five months thanks to the widest veterans share in at least two years. Although rate-term share...

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News 8 months ago
Defunct Foreclosure Trustee Settles With DOJ

A lawsuit filed by a service member against PHH Mortgage Corp. and a defunct foreclosure trustee that was dismissed by a federal judge caught the...

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News 8 months ago
Ocwen Acquisition of PHH On Verge of Close

Ocwen Financial Corp. is on the verge of closing on its acquisition of ailing PHH Mortgage Corp. Regulatory approval of the transaction specifies...

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News 8 months ago
Fewer Foreclosures Started, Completed at Banks

The rate of delinquent payments on bank-serviced mortgages has improved over the past year, though there was no quarter-over-quarter change. Fewer...

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News 8 months ago
7-Year High for Mortgage Rates

Interest rates on home loans continued to ascend on both a weekly and monthly basis, climbing to a seven-year high. Two out of three indices used...

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News 8 months ago
Originations Soar, Staff Expands at Fairway

Quarterly loan originations soared at Fairway Independent Mortgage Corp., while the payroll grew. Although the servicing portfolio retreated, it...

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United Shore Returns Nearly $2 Mil in Tax Breaks
News 8 months ago
United Shore Returns Nearly $2 Mil in Tax Breaks

Mortgage NewsNews by Subject Complete list of specialty news sections. Purchase Subscription Subscribe to MortgageDaily.com and get immediate...

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News 8 months ago
Chase Philadelphia Expansion Includes Mortgages

A major expansion planned by JPMorgan Chase & Co. in the Delaware Valley over the next few years includes plans for its mortgage business.Chase...

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News 8 months ago
Mortgage Lates Down After Dropping to 12-Yr Low

After falling to the lowest level in a dozen years, 30-day delinquency moved down by another 9 basis points. Also improving was the foreclosure...

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News 9 months ago
Stream of Mortgage Layoffs Continues

In addition to some of the high-profile rounds of mortgage layoffs previously reported, a stream of less prominent staff reductions are beginning...

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