Origination

The average rate for the 30-year fixed-rate mortgage according to the Zillow Mortgage Marketplace is 3.43%.

A Mortgage Grapevine poster is considering switching from Calyx Point to PointCentral and was asking his fellow originators who use that product for their opinions.

Mortgage credit is tight, inventory is low and it looks like the rise in mortgage purchase originations will be a slow grind over the next few years.

Delinquency rates declined for the fourth consecutive quarter to 5.19% in 4Q 2012, down from 5.41% in the third quarter and 6.01% at yearend 2011.

Hedge funds seeking the hottest trade of 2013 are turning to skyscrapers, shopping malls and hotels after last year’s rebound in residential real estate drove the industry’s best gains.

Based on an analysis of loans originated in 2010, CoreLogic has determined that slightly more than half of the loans produced would meet the test for the qualified mortgage safe harbor being imposed by federal regulators.

Illinois Gov. Pat Quinn has signed legislation that will accelerate the foreclosure process on vacant, abandoned properties in order to help stabilize the housing market in local communities.

The release of a long-awaited federal rule on housing discrimination is bad news for bankers who fear being targeted in fair-lending suits.

Walker & Dunlop has moved up on the list of Fannie Mae Delegated Underwriting and Servicing program multifamily lenders from 10th in 2007 to the top spot for 2012.

Radian was the big loser among the Mortgage Industry Equity Composite stocks on Monday.