Mortgage News

Read the latest news about mortgages, foreclosures, servicers, loan modifications, HAMP, Dodd-Frank, Qualified Residential Mortgage (QRM), mortgage brokers and more.


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  • HOPE NOW: Mortgage Servicers Completed 768,000 Loan Mods in 2013 
    Mortgage Orb 13 Feb 2014
    HOPE NOW -- a coalition of loan servicers, mortgage insurers, investors, and nonprofit counselors -- reports that U.S. homeowners benefited from 768,000 modifications last year.
  • NY Regulator Says U.S. Non-Bank Mortgage Servicers Growing Too Quickly 
    Reuters 12 Feb 2014
    Benjamin Lawsky, superintendent of New York's Department of Financial Services, is pressing for a clamp-down on the dramatic growth of non-bank mortgage servicers until such companies can get a ...
  • Late Payment Rate on Mortgages Falls 
    Associated Press 11 Feb 2014
    The return of home appreciation, a strengthening job market, and mortgage modification programs have bolstered Americans' finances, allowing more of them to keep current on their home loans.
  • A New Effort in Albany to Put Lenders in Charge of Abandoned Properties 
    The New York Times 10 Feb 2014
    Thousands of zombie homes (about 15,000) across New York State sit abandoned by their owners, leaving the low-value properties to fall apart or burn down as lenders take years to wrap up foreclosure ...
  • HARP Hits 3 Million Mark 
    Mortgage Orb 10 Feb 2014
    The Home Affordable Refinance Program (HARP) has now helped more than 3 million borrowers to refinance their homes, confirms the Federal Housing Finance Agency.
  • Repaying Home Equity Loans 
    New York Times 09 Feb 2014
    Borrowers who took out home equity lines of credit (Helocs) between 2004 and 2007 -- the top of the housing bubble -- can expect to see their monthly payments swell over the next few years.
  • Seniors Overspend on Mortgage, Credit Cards 
    USA Today 08 Feb 2014
    Older Americans are spending too much on mortgage debt and credit cards, according to a new report from the nonprofit National Center for Policy Analysis (NCPA). In 2012, interest payments made up 4.
  • CFPB Unveils New Consumer-Friendly HMDA Tool 
    National Mortgage Professional Magazine 07 Feb 2014
    To help better understand borrowers' access to credit, the Consumer Financial Protection Bureau (CFPB) is taking steps to improve information reported about the residential mortgage market.
  • U.S. Consumer Officials Seek Input on Improving Mortgage Data 
    Reuters 07 Feb 2014
    The Consumer Financial Protection Bureau (CFPB) wants feedback from small businesses on how to improve the public data that is used to identify mortgage abuses such as discriminatory lending.
  • Delinquencies Nearing Pre-Housing Crisis Levels 
    National Mortgage Professional Magazine 03 Feb 2014
    The U.S. inventory of delinquent mortgages has registered significant improvement for the fourth consecutive year, according to the year-end Mortgage Monitor Report from Black Knight Financial ...
  • Calif. Lawmaker Reconsiders Reverse Mortgage Protection Bill 
    Reverse Mortgage Daily 02 Feb 2014
    In California, reverse mortgage legislation that failed to win approval last year could get another chance in 2014.
  • Race Gap on Conventional Loans 
    New York Times 02 Feb 2014
    Many African-American and Hispanic borrowers have been kept out of the conventional mortgage market, according to Zillow and the National Urban League.
  • CFPB Says 'Yes' to HUD's E-Signed Mortgage Loans 
    Reverse Mortgage Daily 02 Feb 2014
    The Consumer Financial Protection Bureau (CFPB) is applauding HUD's move to let lenders accept electronic signatures on FHA mortgages.
  • Do Not Weaken CFPB Consumer Watchdog 
    Consumer Reports 01 Feb 2014
    Consumers Union, the policy and advocacy arm of Consumer Reports, writes that the Consumer Financial Protection Bureau -- created after the financial crisis -- has done a good job of protecting ...
  • Banks Loosening Credit Standards: OCC Report 
    American Banker 31 Jan 2014
    Banks are relaxing their underwriting criteria for most types of loans, with the exception of home equity lines, the Office of the Comptroller of the Currency reports.
  • CFPB: Servicers Still Engaged in Unfair or Deceptive Practices 
    Housing Wire 30 Jan 2014
    Servicing issues with loan modifications, foreclosures, and payment processing have persisted even after new standards were put in place last year, says the Consumer Financial Protection Bureau.
  • Cordray Loses Cool After House GOP Attacks 
    American Banker 29 Jan 2014
    As expected, a Jan. 28 House Financial Services Committee hearing starring Consumer Financial Protection Bureau director Richard Cordray covered a lot of ground, including the impact of the agency's ...
  • Subprime Called Safer, Makes Comeback as "Nonprime" 
    Bloomberg 29 Jan 2014
    More executives are working to revive the subprime lending market, though the loans now are called "nonprime" and require as much as 30 percent down.
  • 5 Years of Mortgage Help Drying Up for Many 
    USA Today 29 Jan 2014
    Interest rates on home loans that were modified under the government's Home Affordable Modification Program (HAMP) are starting to reset higher, with more than 30,000 homeowners likely to be impacted ...
  • Fannie Creates Appraiser Blacklist in Effort to Flag Problem Loans 
    American Banker 28 Jan 2014
    As it continues to seek ways to identify bad loans before they default, Fannie Mae is essentially "blacklisting" appraisers with poor performance records.
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