Data and information management

Freddie Mac purchased $50 billion of home mortgages from its seller/servicers in October, the highest reading since June of 2009, according to new figures released by the government-controlled secondary market giant.

Low-income consumers are more likely to have a mortgage broker or real estate agent influence their loan decision.

Lenders interviewed by National Mortgage News this past week said volumes remain strong.

Mortgagors in the District of Columbia have the highest monthly mortgage payment in the nation, shelling out nearly $1,642 every 30 days.

In September and August, issuance of Government National Mortgage Association MBS topped $39 billion each month.

Using the “Course of Action Comparison.”

In July of last year BB&T expanded its reach into warehouse lending when it bought certain assets from the failed Colonial Bank.

National home values continued their year-long climb as prices rose in October for the twelfth consecutive month.

Negative equity in the third quarter experienced the largest quarter-over-quarter decline since the first three months of 2011.

The Government National Mortgage Association has loss reserves of roughly $357 million.

Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the nation.

Navy Federal Credit Union said it funded $1 billion of residential loans in October, a record for the company.

The median price of a home sold was $178,600 in October, up 11% from a year ago.

However, the third-quarter production results are notable for one other reason: some table funders are showing a huge increase in business, while others are experiencing a sizeable decline.

In the third quarter Stearns Lending funded $3.1 billion of home mortgages, an 88% improvement over the past 12 months.

In October closed transactions increased 17.8% over October 2011, while the median home price rose 2.1%.

California home sales were at their highest level since May for the month of October.

Underwater mortgagors may be declining -- or so the HUD secretary tells us.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.