Secondary

Average fixed mortgage rates perked up the week ending Oct. 15, but remained under the 4% level for the 12th consecutive week.

Ditech Financial, a nonbank lender in Fort Washington, Pa., is the latest lender to bring back the piggyback mortgage by offering a closed-end home equity loan product.

A new program to provide the benefits of Ginnie Mae securitization to Federal Home Loan Bank members has been slow getting off the ground, but industry insiders say momentum is building.

The Internal Revenue Service has stamped an approval on Bank of America Corp.'s $8.5 billion settlement tied to bad mortgages sold by its Countrywide unit in the run-up to the financial crisis, possibly setting a standard for agreements with other lenders.

The outlook for originations, and regulators' priorities for 2016, will dominate discussions throughout the Mortgage Bankers Association's Annual Convention in San Diego next week. Earmark these eight hot topics and features to seek out at the show.

Profit margins in JPMorgan Chase's mortgage banking unit were down in the third quarter, primarily due to the shift in the mix from refinance activity to home purchases, and from retail loan originations to correspondent lending.

Bank mortgage servicers suffered bigger loan losses in three high foreclosure states than their nonbank counterparts, a Moody's Investors Service report suggests.

Homeowners continue to give their properties a higher valuation than appraisers would, according to Quicken Loans.

California priced $446 million in veterans' general obligation bonds last week in a combined refunding/new money sale.

The commercial mortgage-backed securities delinquency rate fell from August to September, according to Fitch Ratings.