Industry News for Jul 31 (scroll down)

New Century Execs Settle Accou...
Settlements were announced between the Securities and Exchange Commission and former executives of New Century Financial Corp.

None of the def...

MetLife Raises Quarterly Origi...
Second-quarter residential originations at MetLife Home Loans increased around $300 million from the first quarter.

Reverse mortgage productio...

Serious Late Payments Deterior...
Total mortgage delinquency of at least 90 days as of June 30 surged 82 basis points from May 31, LPS reported.

The foreclosure rate shot up 47...