Mortgages

The average rate for a 30-year fixed-rate mortgage in Freddie Mac’s weekly survey climbed by four basis points to 3.42%.

Mortgage companies can pay their loan officers quarterly and annual cash bonuses under the final LO compensation rule issued by the Consumer Financial Protection Bureau.

There were two events in the weeks leading up to the New York Association of Mortgage Brokers annual convention which would have an impact on attendees and their immediate future.

The author sees elements of mutual fund sales in the commercial originations business.

The trickledown effect of mortgage default servicing compliance requirements has tangled into a laborious process various entities.

Economists expect the housing recovery to continue this year building off of the momentum generated in 2012 despite some challenges that could hinder future growth.

The Federal Home Loan Bank System has a new $3 billion, two-year global note in the works that it has plans to price Thursday.

Someone looking for private financing of a construction deal has posted on the Mortgage Grapevine with the terms and conditions he or she is seeking.

JPMorgan Chase plans to eke out every last profit from the government's Home Affordable Refinance Program for underwater borrowers.

Global DMS has integrated its valuation management software with LendingQB’s loan origination system.

FBC Mortgage’s 2012 Florida report reflects a strong rebound for the state’s mortgage and housing market during the year.

The New York Association of Mortgage Brokers annual convention was delayed by Hurricane Sandy and that was a big topic of conversation at the show. One of the presenters at the Melville gathering was a representative of the Small Business Administration. Sandy was a topic during Origination News' roundtable with NYAMB's board.

New Yorkers Paul and Angelica Kashman, declared in default on their mortgage in July 2010 and foreclosed on by Wells Fargo & Co. in February 2011, say they aren’t deadbeats.

A Fitch presale report on the second Sequoia/Redwood Trust deal of 2013 is out.

A multimillion-dollar investment by DocMagic to build a new state-of-the-art technology center to enhance its security protocols has been completed.

Houston’s Envoy Mortgage is the latest independent mortgage banker to step into an area where the bigger banks are abandoning or cutting back correspondent lending.

Moody’s Investors Service has withdrawn ratings on $122 million of pre-2005 residential mortgage-backed securities deals issued between 1996 and 2004 as cash flows from these older deals have diminished to very low levels with age.

Following “a banner year for the multifamily market” in 2012, another good year is ahead—if capital becomes available.

First Financial Network announced an $85 million loan sale of several assets held by the failed NOVA Bank for which the Federal Deposit Insurance Corp. is acting as receiver.

A report from Keefe, Bruyette & Woods said that while the fourth-quarter results reported by the large mortgage originators have been positive, its concerns over the sustainability of the current mortgage banking environment going forward has increased.