Moody’s Investors Service erred in a number of its ratings of Freddie Mac’s structured multifam-ily MBS pass-through securities because it failed to take into account the guarantees provided by the government-sponsored enterprise on classes of its K-deals.

The number 15th ranked Fairway Independent Mortgage wouldn’t provide a hiring estimate but CEO Steve Jacobson said, “We’re always open minded about opportunities.”

Bill Banfield, EVP of capital markets for Quicken, said he’s noticed an increase in the use of the conventional low-downpayment programs this year….

Movement was founded in 2008 and has grown from four employees to more than 4,300…

Meanwhile, Quicken owner Dan Gilbert recently broke ground on a new skyscraper in downtown Detroit, which will cost roughly $900 million.

Marc Savitt, who runs The Mortgage Center, Martinsburg, WV, called the technology snafu a “big deal,” adding: “It’s taking weeks to receive we got in days.”

Sierra Pacific Mortgage, Folsom, CA, is launching a new builder division...

The FHFA noted that divergence in prepayment rates could occur if the GSEs fail to align programs, policies, and practices…

At Sept. 30, roughly $2.09 trillion – or 19.9 percent of total residential mortgages outstanding – were being subserviced by a vendor that didn’t own the underlying servicing strip…

Mack, a senior executive vice president at Wells, has been at the bank for 33 years...