Origination

HUD will interview current employees, ex-employees and borrowers to validate data or its findings.

Thirty-one percent of renters said they plan to buy a home in the next two years, compared with 28% in May and 22% for January 2011.

The average rate for a 30-year fixed-rate mortgage decreased slightly by two basis points to 3.32% from the previous week.

The Consumer Financial Protection Bureau said it would offer limited time exemptions from current federal disclosure laws in order for those companies to research and test informative, cost-effective disclosures.

Fay Servicing has added Personal Budget Analysis to its menu of mortgage borrower financial health analysis options.

The ghost of Angelo Mozilo (who is still alive) continues to hang over mortgage banking.

Countrywide Financial Corp. co-founder Angelo Mozilo said under oath last year that he had “no regrets” about how he ran the mortgage firm.

Rural America is a huge place, though it contains just 21% of the nation’s population.

Due to one-year-or-longer delinquencies the national delinquency rate is significantly higher than the “normal” delinquency rate range of roughly 1.5%.

Loan production expenses, which include commissions and compensation, increased to $5,163 in 3Q from $5,128 in the second quarter.