Originations

Mortgage application volume was practically flat when compared with one week earlier, according to the Mortgage Bankers Association.

Despite rising home prices and a market where many older homeowners are loath to sell, home equity line of credit lending remains muted in all but one corner of the industry: credit unions.

Mortgage industry hiring and new job appointments for the week ending Aug. 11.

Mortgage application volume increased 3% from one week earlier as slightly lower interest rates resulted in more refinance activity, according to the Mortgage Bankers Association.

The nonbank mortgage sector had its largest one-month employment gain in a year, as independent mortgage bankers and brokers enjoyed stronger-than-expected originations during the second quarter.

Mortgage industry hiring and new job appointments for the week ending Aug. 4.

Flagstar Bank has hired Kristy Fercho, former senior vice president and customer delivery executive for Fannie Mae, to lead its mortgage division.

Mortgage application activity decreased 2.8% from one week earlier as interest rates were flat or moved slightly higher, according to the Mortgage Bankers Association.

The run-up in expenses involved in making a home loan is one of the trends limiting new construction, says Fannie Mae Chief Economist Doug Duncan.

Mortgage industry hiring and new job appointments for the week ending July 28.