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If youre looking for a patch of brightness in the national job numbers that came out Friday morning look at the mortgage brokerage employment line: broker firms added 2,300 loan officers and other staffers to their payrolls in April.
June 1
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The Government National Mortgage Association approved 35 issuer licenses last year and hopes to approve about the same this year, according to agency president Ted Tozer.
June 1 -
Employment in the residential finance sector fell to 266,100 full-time positions in April from 267,600 in March, a difference of about 1,500 jobs.
June 1 -
Abacus Federal Savings Bank and more than a dozen of its former employees are facing criminal charges related to a scheme in which it allegedly falsified information on mortgage applications so that unqualified borrowers could secure loans.
June 1 -
Newly initiated foreclosures by the Federal Housing Administration jumped 247% in April from a year earlier, while the overall number of foreclosure starts fell 3.1% in the same period.
June 1 -
Deloitte says that assets controlled by the shadow banking system—including asset- and mortgage-backed securities—have declined by more than 50% in the last four years, to $9.53 trillion at Dec. 31.
May 31 -
Foreclosure-related sales made up 26% of all home sales through the first three months of 2012, up from 22% in the last quarter of 2011 and 25% seen a year ago.
May 31 -
The 30-year dropped three basis points to 3.75% with an average of 0.8 of a point while the 15-year slid seven basis points to 2.97% with an average of 0.7 of a point.
May 31 -
The 10-year Treasury yield continued to set new record lows Thursday morning due to a mix of negative economic indicators both overseas and in the domestic market.
May 31 -
The national mortgage fraud risk index decreased 4.3% in 1Q 2012 from the previous quarter and 3.1% from a year ago.
May 31
