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The sudden drop in long-end rates volatility was attributed to investors unwinding positions they used to hedge trades in mortgage-backed securities.
September 23 -
There's a 13-percentage-point differential in the use of "advanced" mortgage fraud detection tools between banks and non-banks, with costs as a major reason why.
September 23 -
The move will lead the New Jersey-based bank to eliminate over 100 employees, primarily within its mortgage lending operations, according to a state filing.
September 22 -
The Supreme Court will hear a case in December that could overturn a longstanding precedent bolstering regulatory independence. Should the court strike down that precedent, it could have major implications for the independence of the Federal Reserve.
September 22 -
The bipartisan bill, previously brought up in Congress' lame duck session, got the Mortgage Bankers Association and Broker Action Coalition's support.
September 22 -
Shares of the online mortgage company known as Better rose, triggering multiple halts for volatility. They've gained more than 450% so far this year.
September 22 -
In the mortgage business, Rate has the biggest upside in the Compass-Anywhere M&A as it has joint ventures with both Guaranteed Rate Affinity and Originpoint.
September 22 -
There were 35.2% more sellers than buyers in the market last month. June and July were the only routine months since at least 2013 with a greater percentage.
September 22 -
The move follows banking regulators' departure from the Network of Central Banks and Supervisors for Greening the Financial System earlier this year.
September 22 -
A federal judge last month disagreed with the servicer's customers that a $25 expedited payoff-quote statement fee violated consumer debt laws.
September 22









