Mortgages

Mortgage brokers accounted for almost half the job gains since the beginning of the year, according to an analysis by National Mortgage News.

Fannie Mae ended September with loan commitments to buy $76.5 billion of new mortgages, a sign that originations will stay strong until yearend.

The survey, however, offers no specifics on residential loan officers, who according to National Mortgage News, are doing quite well this year.

At the end of September, Redwood Trust had 49 active residential loan sellers, up from 37 at June 30. It hopes to have 55 (correspondent) sellers by year end.

Are you a mortgage broker or a mortgage lender? As of August regulations required you to have an AML manual in place to check for and report not only money laundering but also suspicious activity.

The CFPB and FHFA said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.

Under New York insurance rules, storms must meet agreed upon criteria in order for insurers to charge the additional premiums.

Overall, guarantee fees are as high now as they have been at any point during roughly the last decade, partly reflecting price increases that Fannie Mae and Freddie Mac implemented in early 2008 as the housing market collapsed.

The President also signed federal emergency declarations for Connecticut, Delaware, District of Columbia, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Virginia and West Virginia -- at the request of state governors.

At least 50% of large and small banks reported that applications for HARP loans comprised 10% to 50% of their refinancing applications in 3Q.

Ocwen's share price continues to trade near its 52-week high.

Ocwen, in late October, entered into an agreement to purchase reverse mortgage banker, Genworth Financial Home Equity Access, Inc. for $22 million in cash.

The 30-year fixed-rate mortgage reached an all-time low of 3.36% last month, while the 15-year hit a record of 2.66%, according to Freddie Mac.

MGIC, in some cases, has received waivers of the risk limit to allow it to keep selling policies in certain states.

Wells Fargo economists are bullish on home building, citing the fact that single-family starts for the first nine months of this year are running 26% above the 2011 pace.

The bank's residential unit was founded in 2000 and now originates $1 billion a year in home mortgages.

The rules for Realtors to get financing for properties to be repaired and resold.

Impac's “continuing” mortgage business earned $4.4 million and the firm saw originations spike by 33% over the second quarter to almost $710 million.

The authors of a 15-year-old study that suggested you might save your kids from teenage pregnancy by buying a house have doubled down on their findings.

At BOK Financial mortgage banking revenue increased 70% from a year earlier, to $50.3 million.