Originations

Interest rate swings during this past week resulted in a decline in both refinance and purchase mortgage applications compared with the previous period, according to the Mortgage Bankers Association.

Compass launched its bridge loan services program, aimed at giving homeowners more purchasing power and opportunity to buy a new house before selling theirs.

Home sales continued to perform in line with their potential in September and indicators suggest housing will keep flourishing through the fourth quarter, according to First American.

Mortgage industry hiring and new job appointments for the week ending Oct. 18.

Single-family mortgage production this year is expected to be 3% higher than anticipated last month, according to Fannie Mae, which revised its estimates based partly on a stronger housing outlook.

Mortgage applications to purchase new homes dropped 8% in September from August, as ongoing uncertainty over interest rate movements and economy likely kept buyers out of the market, the Mortgage Bankers Association said.

Bank of America's total first-mortgage originations rose while its home equity production decreased in the third quarter.

Mortgage lenders prefer to invest in improvements to their consumer-facing technology because it offers a better return than similar spending on back-end processes, according to Fannie Mae.

Mortgage applications increased 0.5% from one week earlier, although interest rate instability affected consumers' ability to get the best price for their loan, according to the Mortgage Bankers Association.

Origination volumes continued to drift upward at JPMorgan Chase and Wells Fargo in the third quarter as mortgage servicing rights values fell more sharply than some analysts expected.