Mortgage Round Up from OpenClose mortgage banking software

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  • Mortgage-backed securities sales rose in November to the highest levels in more than three years. Some $176 billion in bonds backed by fixed-rate home loans were issued in November, up from $132 billion in October.
  • Carlisle & Gallagher Consulting Group, conducted the survey of 618 U.S. consumers in September and found that one in three would consider a mortgage from retailer Wal-Mart and almost half would consider one from online payment provider PayPal.
  • And finally Bank of America has told The Wall Street Journal it will wait until at least late next year to consider raising fees on some depositors and restructuring its checking account lineup.

Speaking of raising fees, has your mortgage software company told you about its plan to raise fees? If so give us a call and do some compraitive shopping