Origination

The Prestwick Mortgage Group is now offering a $252 million Fannie Mae A/A and FHLMC Gold Arc servicing portfolio on behalf of a federal savings bank.

Credit unions should see the “opportunity in the challenge” offered by the new mortgage rules from the Consumer Financial Protection Bureau.

At 4.32%, the weekly survey average for the 30-year rate is the lowest it has been since the week ending July 25, according to Freddie Mac.

Among other things, the technology suite provides a view of the loan pipeline, productivity stats and private-label branding.

Through the end of August, the U.S. loan delinquency rate—loans 30 or more days past due, but not in foreclosure—stands at 6.2%.

Mortgage lenders have come a “long way” over the past year in terms of easing their credit standards.

Battered by defaults on loans it insures, the Federal Housing Administration is expected to tap the Treasury Department for $1 billion to $1.5 billion to plug a budget shortfall.

Some are technologically complicated while others are simple, easy and effective.

While the Dow Jones Industrial Average and the S&P 500 closed lower, 11 of the 17 Mortgage Industry Equity Composite stocks closed higher.

LendingTree has created its own Credit Accessibility Report, which will measure the likelihood of borrowers gaining access to credit for home loans based on its own data.