Weakening Mortgage Employment Could Strengthen

DALLAS, Aug. 29, 2011 — (Source: The Sacramento Bee) – More than 2,000 mortgage jobs have been eliminated this year, according to the Second-Quarter 2011 Mortgage Employment Index from MortgageDaily.com. But falling rates and worsening loan performance...

Credit Unions See Surge in Mortgage Activity

(Source: The Washington Post By Danielle Dougla) – Local credit unions are reporting an uptick in mortgage applications, as record-low interest rates entice members to refinance their mortgages or purchase a home, despite rising fears of a double-dip recession....

Mass. Cracks Down on 5 Reverse Mortgage Firms

(Source: The Boston Globe By Erin Ailworth) – The state Division of Banks has ordered five companies to stop peddling reverse mortgages to elderly homeowners, charging they are not properly licensed to sell the product in Massachusetts.Reverse mortgages allow...