Origination

Average 30- and 15-year fixed-rate mortgage rates tracked by Freddie Mac remained the same during the week ending March 10 in a market where recent employment indicators have been mixed.

Bank of America this week reiterated to investors that it has recognized up to 75% of expected claims tied to loan repurchase requests from Fannie Mae and Freddie Mac.

Option adjustable-rate mortgage and alternative-A mortgage loss severities in February increased while jumbo and subprime severities were either stable or improved, according to a Barclays report.

Three surviving spouses of reverse mortgage borrowers have sued HUD, alleging that what HUD characterized in 2008 as a clarification of its policy constituted a change from long-established federal rules that should have protected them from having to repay lost equity in order to stay in their homes.

Homebuyer traffic was up in February, as slowly rising mortgage rates have buyers aware that the time to lock in a near-historic low rate is now, according to a monthly survey of real estate agents.

The National Association of Mortgage Brokers is expected to file suit against the Federal Reserve Board Wednesday morning, seeking to block the agency's controversial loan officer compensation rule.

The seasonally adjusted Mortgage Bankers Association index that tracks purchase applications hit a high for the year during the week ending March 4.

Lenders can and should take any number of steps to prevent class action law suits. But that still may not keep them from being sued, a team of regulatory attorneys warned at the Real Estate Service Providers Council's annual meeting in Las Vegas.

Advertising practices in the reverse mortgage segment have dodged one form of scrutiny as the Federal Reserve Board pulled its proposed rulemaking in this area. But that is only temporary, as it said it will leave the task for the new Consumer Financial Protection Bureau.

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