Lenders Seek QM Rule for Private Reverse Mortgages
May 10, 2012 The National Reverse Mortgage Lenders Association has asked a federal regulator to craft a 'qualified mortgage' rule...

Freddie Close to Unveiling New Chief Executive at $500K
May 9, 2012 Freddie Mac has picked a former chief executive of an online securities brokerage firm to be its new CEO, according to...

HAMP Modification Activity Increases in February
April 11, 2012 HAMP servicers completed 22,260 loan modifications in February, up 24% from the prior month, according to a Treasury...

Lenders Staff Up in February Despite Slowing Originations
April 9, 2012 Mortgage companies added 3,000 full-time employees to their payrolls in February, according to Friday's jobs report.

Mortgage Banking Firms Report Strong Q4 Profitability
April 9, 2012 Small mortgage banking companies benefited from a 32% jump in loan production from the third quarter to the fourth quarter,...

FHA Makes Concessions on Borrower Credit Disputes
April 3, 2012 The Federal Housing Administration has made a last-minute attempt to soften new underwriting guidelines that penalized...

HUD Bars AmericaHomeKey from FHA Lending
March 27, 2012 The Department of Housing and Urban Development has ordered AmericaHomeKey, Inc., to immediately stop making FHA-insured...

Wells Fargo Begins Mortgage Deal's Principal Reductions
March 20, 2012 Wells Fargo is already contacting borrowers who might be eligible for a principal reduction as required under the $25 billion...

Freddie Mac Sees Short Sales Rise, Will Increase Incentives
March 9, 2012 Freddie Mac reported a 16% increase in short sales last year and wants to boost the use of this foreclosure alternative by...

Mortgage Bankers and Brokers Cut 3,200 Workers in January
March 9, 2012 Mortgage companies cut 3,200 full-time employees from their payrolls in January, according to government figures released...