Mortage News National Mortgage Professional Magazine
Subscribe

Mortage News

The Federal Reserve’s policymaking committee opted not to raise rates today
Fed Decides Against Rate Hike
The Federal Reserve’s policymaking committee opted not to raise rates today.   The central bank’s Federal Open Market Committee (FOMC) unanimously voted on its decision. Although it noted “the labor market has continued to strengthen and... Read more
The National Association of Mortgage Brokers (NAMB) has announced that it has accepted an invitation to participate in the newly formed International Mortgage Brokers Federation (IMBF)
NAMB Joins Newly-Formed International Mortgage Brokers Federation
The National Association of Mortgage Brokers (NAMB) has announced that it has accepted an invitation to participate in the newly formed International Mortgage Brokers Federation (IMBF) by representing the United States of America. NAMB... Read more
Ditech Holding, a Fort Washington, Pa.-based originator and servicer of mortgages and a servicer of reverse mortgages, has been delisted from the New York Stock Exchange (NYSE)
Ditech Delisted From NYSE
Ditech Holding, a Fort Washington, Pa.-based originator and servicer of mortgages and a servicer of reverse mortgages, has been delisted from the New York Stock Exchange (NYSE).   The company released a statement that the NYSE also... Read more
Wells Fargo has acknowledged that it erroneously foreclosed on more homes than it had initially reported this summer
Wells Fargo Admits Higher Number of Wrongful Foreclosures
Wells Fargo has acknowledged that it erroneously foreclosed on more homes than it had initially reported this summer.   According to a UPI report, the San Francisco-based lender admitted the issue in a quarterly 10-Q filing to the... Read more
UBS Group is waiting to be hit with a Department of Justice (DOJ) lawsuit related to its sale of residential mortgage-backed securities (RMBS) in period before the 2008 financial crisis
UBS Expects DOJ Lawsuit on Pre-Crisis RMBS Sales
UBS Group is waiting to be hit with a Department of Justice (DOJ) lawsuit related to its sale of residential mortgage-backed securities (RMBS) in period before the 2008 financial crisis.   The Swiss-based bank issued a statement claiming... Read more
Customer satisfaction with primary mortgage originators is on the rise, according to the J.D. Power 2018 U.S. Primary Mortgage Origination Satisfaction Study
Higher Customer Satisfaction Levels for Originators
Customer satisfaction with primary mortgage originators is on the rise, according to the J.D. Power 2018 U.S. Primary Mortgage Origination Satisfaction Study.   Overall satisfaction with primary mortgage originators during 2018 swelled by... Read more
Commercial and multifamily origination levels should wrap up 2018 at a level slightly above last year’s record activity, according to new data from the Mortgage Bankers Association (MBA)
Commercial and Multifamily Origination Forecast to Rise
Commercial and multifamily origination levels should wrap up 2018 at a level slightly above last year’s record activity, according to new data from the Mortgage Bankers Association (MBA).   With less than two months remaining in the year,... Read more
It was up-up-and-away for mortgage rates in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
Mortgage Rates Hit Seven-Year High Point
It was up-up-and-away for mortgage rates in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) hit a seven-year peak when it averaged 4.94 percent for the week ending Nov. 8, 2018, up from... Read more
HAMB Announces Its 2019 Board of Directors
The HAMB-The Hawaii Association of Mortgage Professionals has announced its Officers and Directors for 2019. All positions for the HAMB Board are voluntary, and members must be in good standing. Congratulations to the following:   ►... Read more
Mortgage Capital Trading (MCT) has announced that it is incorporating the company’s patent-pending geocoding technology into its Bid Auction Manager (BAM) whole loan trading platform
MCT Moves to Secure Sensitive Borrower Data
Mortgage Capital Trading (MCT) has announced that it is incorporating the company’s patent-pending geocoding technology into its Bid Auction Manager (BAM) whole loan trading platform in order to shield borrower addresses from being shared... Read more