Mortgages

Nonbank mortgage lenders added 1,600 employees to their payrolls in September, which combined with revised August figures brought industry employment to its highest point in more than two years.

While the overwhelming majority of Nationstar Mortgage Holdings' $4.9 billion in home loan originations in the third quarter were conventional loans, that will be changing soon if the company's chief executive officer has his way.

Former Rabobank trader Anthony Allen, found guilty for rigging a key financial benchmark, struck jurors in Manhattan as evasive, deceptive and "shaky," as one of them put it after delivering the verdict.

Fannie Mae was affected by the same derivatives accounting mismatch that led to Freddie Mac's first quarterly loss in four years. But its bulk and balance sheet provided enough cushion for the larger of the two government-sponsored enterprises to post a profit for the third quarter.

Mortgage credit availability improved in October as a result of new affordable housing programs, according to the Mortgage Bankers Association.

Interest rates on 30-year fixed-rate mortgages increased during the week ending Nov. 5, as the market gained greater confidence that the Federal Reserve will raise interest rates, according to Freddie Mac.

The portion of homebuyers making their first residential purchase fell for a third straight year, and is now at the lowest level since 1987.

Mortgage professional hiring and new job appointments for the week ending Nov. 6.

Nationstar Mortgage Holdings took $66 million in losses for the third quarter, compared to a $75 million gain in the second quarter.

Ocwen Financial is back with another round of term notes issued from its Ocwen Master Advance Receivables Trust.

Citigroup plans to issue another $421 million of reperforming residential mortgage bonds from its Citigroup Mortgage Loan Trust, according to DBRS.

Impac Mortgage Holdings swung to a profit in the third quarter, due to higher gains on the sale of loans.

Critical shortcomings in data management and analytics to support servicing rights transfers will become more problematic amid servicer expectations of accelerated activity, according to the results of a National Mortgage News survey.

Stonegate Mortgage reported a wider loss in the third quarter, as it dealt with a decline in gains on the sale of loans and the value of mortgage servicing rights.

PHH Corp. swung to a loss in the third quarter, as the mortgage servicer and originator set aside reserves to cover the potential cost of regulatory investigations.

Many millennials lack knowledge about credit, despite their own concerns with their financial futures, according to a study by Experian.

After years of plowing resources into compliance projects, mortgage lenders surveyed by National Mortgage News are foregrounding core business initiatives in their plans for the coming year. High on to-do lists are projects aimed at improving the customer experience and seizing new business opportunities.

The commercial mortgage-backed securities delinquency rate continued its year-long improvement in October, with another big improvement predicted for November, according to Trepp.

Luther Burbank Savings, in Santa Rosa, Calif., has established three home loan programs aimed at helping low- and moderate-income borrowers afford to buy homes in nine California counties.

Nationstar will provide servicing-released option for fledging Chicago's MPF Government MPF program.