Technology

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.

Timios National Corp. aappointed Trevor G. Stoffer chief operating officer and Norman E. Gottschalk III chief technology officer.

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.

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, 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.

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.