Technology

While Friday’s jobs report was bad and the 10-year Treasury fell to 1.69%, a spike in refinancings may be short lived, according to a Mortgage Bankers Association economist.

The government still dominates the secondary mortgage market but the trend is starting to shift.

The number of Redfin customers making tours of homes for sale increased 9% in March over February, versus a 4% increase for the same period in 2012.

Hiring by residential builders started to pick up last fall and in November exceeded 10,000 for the first time in years.

Mortgage companies added 700 full-time employees to their payrolls in February after cutting 3,000 positions in January.

All of the stocks in the Mortgage Industry Equity Composite, except for OceanFirst Financial and MGIC Investment Corp., finished Thursday’s trading ahead of their previous close.

As investors continue their interest in buying single-family housing units as rentals, it may not always make sense to acquire housing units in certain markets.

A single GSE eliminates competition between automated underwriting systems mitigates risk and ensures sound mortgage lending decisions are made—if a recent plan from the FHFA comes to fruition.

Real estate agents in some markets say sales are surging, with many houses attracting multiple offers.

JPMorgan Chase & Co. defeated most of a lawsuit brought by Dexia SA over about $1.6 billion in mortgage-backed securities it bought before the financial crisis.