Origination

Zillow Mortgage Marketplace said the 30-year fixed mortgage rate fell 15 basis points from a week earlier and is currently 4.26%.

There were 12 Mortgage Industry Equity Composite stocks which lost ground during Tuesday trading.

Freddie Mac plans to sell $400 million of a new type of debt tied to the risk that homeowners will fail to repay mortgages.

The unit becoming part of MB Financial is on the table as well.

So far this year, 619,263 homeowners who are at-risk of foreclosure have been assisted through the platform, which represents a 51% increase over the same time period a year ago.

At issue is whether NCUA waited too long to satisfy the three-year federal statute of limitations on civil claims of securities violations for sales that occurred as long as six and seven years before the suits were filed.

The latest monthly numbers released by Hope Now servicer alliance show 74,000 modifications completed under both the Home Affordable Modification Program.

A former residential mortgage broker has turned to the Grapevine for help.

WE’RE HEARING that while UDAAP has primarily shown itself to be a credit card concern so far, mortgage lenders could be next.

Stonegate Mortgage has expanded its business operations in Ohio by opening a new branch that will serve the Cincinnati metropolitan area as well as northern Kentucky.