Origination

The average rate for a 30-year fixed-rate mortgage dropped two basis points to 3.35% from the previous week.

Merrimack Mortgage Co. said integrated communication and file services Google provides were a key part of its growth strategy.

Sales of U.S.-backed mortgage bonds soared to a three-year high as steps by the Federal Reserve and Obama administration to make home ownership more affordable propelled a 34% jump in refinancing.

The Department of Housing and Urban Development recently announced that it would shut down the fixed-rate Standard Home Equity Conversion Mortgage product by Jan. 31 due to losses caused by technical defaults.

DocuTech said it will be leading a response from lenders to the CFPB’s Project Catalyst, which aims to involve mortgage executives in testing new disclosures.

Freddie Mac has approved Radian Mortgage Assurance to write coverage through the end of next year.

Up to 55% of the economists, real estate experts, investors and market strategists participating in a survey find 2013 home prices would not be negatively affected by potential mortgage interest deduction reductions.

The housing market will continue to improve in 2013, as long as the U.S. economy continues its slow recovery, according to Standard & Poor's.

Guthrie Federal Credit Union has joined the Federal Home Loan Bank of Pittsburgh.

The October Case-Shiller 20-city home price index shows prices edged down 0.1% in October from the month prior.