Data and information management

The correspondent channel accounted for 49% of Wells Fargo’s residential production in the third quarter.

GMH Mortgage, which has been hiring of late, is licensed in 14 states.

Mortgage hiring fell slightly but recruitment is up.

The nation’s title insurance underwriters generated $3 billion of premiums in the third quarter.

Refinancings are holding steady, but “have leveled off a little bit.

RealtyTrac fears that if the mortgage interest deduction is eliminated due to the fiscal cliff quagmire, it would give many underwater and otherwise distressed homeowners one less reason to hang on.

Bank of America has been shedding mortgage assets dramatically the past two years.

With 3,500 registered attendees and countless "unofficial" ones walking the halls of the Hyatt Regency, the 2012 Mortgage Bankers Association annual convention had a positive vibe not seen in several years. The theme was "Investing in the American Dream." There were many references to the presidential election, including multiple cutouts of candidates Barack Obama and Mitt Romney in the trade show.

A wave of refinances this year is helping to drive a mortgage boom across the industry.

Federal Deposit Insurance Corp.-insured institutions originated $204.8 billion of single-family loans in the third quarter.

In their lawsuit, the funds claimed that the ratings agencies had misrepresented their independence from the banks that sold the mortgage backed securities.

Nationally, there were 58,000 completed foreclosures during October, down from 77,000 the prior month and 70,000 a year ago.

If residential lenders didn’t have enough to worry about they now have the “fiscal cliff” and the mortgage interest deduction to lose sleep over.

Fannie Mae reported forward commitments—a barometer of future activity—of $96.7 billion, the highest reading in over three years.

The biggest gainer among the top five was Quicken, a privately held nonbank controlled by businessman Dan Gilbert.

The average weekly rates for 30- and 15-year fixed-rate mortgages each inched up by one basis point from their record lows.

About 700,000 homeowners refinanced their mortgages through the government’s Home Affordable Refinancing Program in the first nine months of this year.

The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.

New-home sales fell to a 368,000 seasonally adjusted annualized rate in October, down 0.3% from September.

The Federal Home Loan Bank of Chicago that launched the Mortgage Partnership Finance initiative 15 years ago has been recruiting other FHLBs to sign up for the secondary market program.