News

  • Minority mortgages hit 13-year low by Rachel.Norvell

    The share of home purchase loans made to minorities and low-income borrowers keeps declining, according to new federal data.

  • Family of six all participate in massive fraud scheme -- prosecutors by Ryan Smith

    When experts recommend that families stay close by finding things to do together, they probably don’t mean massive mortgage fraud. But that’s how one Colorado family passed the time, according to the state’s attorney general

  • Leadership and the blame game by MPA

    As a leader in your organization, it can be very easy to become a finger pointer. But instead of blaming and chastising, how can you help your people improve?

  • Rate snapshot: Home sales spike, MBS down by MPA

    MBS prices were down this morning, and new home sales spiked in August. All this and more in today's rate snapshot

  • 19,000 mortgage jobs get the axe by Ryan Smith

    Lenders like JPMorgan Chase and Bank of America continue to cut a swath through their mortgage departments, handing thousands of employees their walking papers

  • Non-QM loans offer opportunities for brokers by

    With the advent of the CFPB’s qualified mortgage rule in January, many originators worried that QM restrictions would deal a deathblow to their businesses. But with the proper precautions, there’s no reason why non-QM loans can’t be a profitable channel for brokers

Poll

Should CFPB have more supervision over credit agencies?