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Stronger than expected numbers for overall U.S. employment additions have diminished lender hopes for steeper rate drops, and industry hiring has been tepid.

Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections.

Chief capital markets officer William Chang is stepping down "to explore new opportunities within the mortgage banking sector."

Franklin Credit Management Corp. agreed to pay $300,000 to Massachusetts and not sell its portfolio of state loans to a different servicer.

Buyers aren't necessarily responding to greater inventory and lower mortgage rates.

The conforming 30-year fixed rate mortgage rose to 6.12% on Oct. 3.

writes the Senior Economist for LendingTree

The Federal Reserve issued two enforcement actions, one against a bank in Montana, the other against a former information technology employee in Wyoming.

The perpetrator faces up to 150 years in prison, with sentencing scheduled for December.

The order by the judge, who had previously dismissed part of the original loan modification-related claims, shortens the legal process for allegations that remain.