Origination

The average 30-year rate is down one basis point from last week at 3.34% and the rate for 15-year borrowers also is one basis point lower at 2.64%.

Walter Investment Management Corp., the parent of Reverse Mortgage Solutions, has agreed to purchase Security One Lending.

The Eleventh Federal Home Loan District Cost of Funds Index reached 1% in November, the all-time low for the series. In October, the index was 1.011%.

November is the fifth consecutive month where the members of the Mortgage Insurance Cos. of America did over $10 billion of new insurance written.

Northstar Bank of Texas, Denton, Texas, has acquired the controlling interest in Goldome Financial Inc.

According to a National Foundation for Credit Counseling poll, 63% of the respondents admitted responsibility for their financial woes.

Looking for conventional refi business in Maryland?

Stearns Lending Inc. appointed James Hecht as executive vice president, strategic development.

Lenders have originated just 2,015 FHA-insured short refinancings since the Federal Housing Administration launched the special program in August 2010 to provide a refinancing outlet for underwater borrowers with private label alt-A and subprime loans.

For the sixth straight month the number of completed foreclosures in Massachusetts declined by nearly 60% in November marking the beginning of a brighter future for this market.