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National Mortgage News

Drop in nonbank mortgage employment erases earlier gains
National Mortgage News
Employment among nonbank mortgage lenders and brokers fell slightly in March, erasing the unexpected gains in the previous month. Nondepository origination firms employed 337,200 workers in March, according to the Bureau of Labor Statistics.
Employment Situation Summary - Bureau of Labor StatisticsBureau of Labor Statistics

all 521 news articles »


How To Survive Getting A Mortgage
It's such an important factor that almost all home purchase contracts have a “hold harmless clause” in the contingency, where you fail to be approved for a mortgage in good faith. ... While this may suffice for anyone with a normal job or proof of ...

The Guardian

Nationwide's mortgage lending slumps by a third
The Guardian
Nationwide has reported declining profits for the second year in a row, as net mortgage lending slumped by a third amid intense competition. The UK's largest building society reported a 7.3% drop in statutory profits to £977m for the year to 4 April ...
TOP NEWS: Mortgage Lending To Rise At "Pedestrian Pace" - NationwideInteractive Investor
Nationwide profits fall to just under £1bn, as building society sees mortgage lending drop by a third amid fierce ...This is Money
Nationwide sees profits fall amid 'intense competition'BT.com
Sky News
all 19 news articles »

Lenders: Income Verification Needs for "Gig" Economy
Mortgage News Daily
Late last year Fannie Mae included questions in one of its National Housing Surveys about working in the "gig" economy. About a fifth of respondents claimed ...

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Dave Ramsey: Save up, or get a mortgage?
Waco Tribune-Herald
Dear Dave,. I'm 28, single, and I just became debt-free. In addition, I make $70,000 a year and have the equivalent of six months of expenses set aside for emergencies. Should I save up to pay cash for a house, or is mortgage debt okay? I'd like to ...

The Mortgage Reports (blog)

Background check: verbal verification of employment and other intrusions
The Mortgage Reports (blog)
You'd think supplying your pay stubs and bank statements would be enough to prove to mortgage lenders that you own and earn enough to qualify for your home loan. And that used to be true until technology made it easy for anyone to dummy up phony ...


Save up, or get a mortgage? - NewsOK
When is it OK to take out a mortgage once you're debt-free?

and more »


Wells Fargo owes $97 million to California workers
A federal judge has ordered Wells Fargo to pay $97.3 million in damages to mortgage workers in California who weren't paid enough for their breaks. The judgment ... It's not the first time Wells Fargo has been accused of mistreating employees. Former ...
Wells Fargo Ordered to Pay $97.3 Million to California Mortgage Workers Over BreaksKTLA
Wells Fargo & Company - WFC - Stock Price Today - ZacksZacks Investment Research
Well Fargo Renews Its Commitment to You After Rip-Offs (Update)24/7 Wall St.
San Francisco Business Times -Seeking Alpha
all 425 news articles »


US key mortgage rate steady at 4.55 percent
WASHINGTON (AP) — The key long-term U.S. mortgage rate held steady this week, providing a lure for potential homebuyers as the spring buying season goes forward. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate ...

The Economy, Employment, Rising Home Prices Whittle Away at Delinquencies
Mortgage News Daily
Improving loan performance doesn't make headlines any longer, but worth noting that the improvement is still good news. The Mortgage Bankers Association (MBA) says the first quarter of 2018 saw even more progress in reducing delinquencies, ...

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