Technology

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.

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.

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

Warehouse usage levels haven’t been this strong since the 2000 to 2004 time period when it ranged from 50% to 60%.

Although Genworth's mortgage insurance division lost money, it is seeing a noticeable pick up in new policies written.

New applications continue to fall somewhat but the purchase money share is increasing.

The Federal Housing Administration notes that purchase money loans represented 62% of all government insured forward mortgages originated in fiscal year 2012.

Even though more Massachusetts homes were sold in September, median prices slipped back below $300,000, according to data from The Warren Group.