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A Louisiana mortgage company, the home loan division of a North Texas bank, is opening up an office in west Houston to house a new wholesale origination division. Monroe, La.-based Affiliated Mortgage.

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The Houston Mortgage Bankers Association installed its 2015-2016 board of directors at a luncheon meeting June 10 at Maggiano’s restaurant near the galleria. association president mike McFarland.

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According to Bankrate’s national survey of large lenders, the average rate on the benchmark 30-year fixed-rate mortgage rate for the Houston area ticked downwards to 4.09 percent. Down 6 basis.