Lalita Clozel

Executives at small banks and credit unions told the Senate Banking Committee about horror stories of technical glitches, vendor delays and overworked appraisers, while expressing an interest in having more time to comply with new mortgage rules.

Despite a slight uptick month-to-month, delinquency rates are down year-to-year.

Residential mortgage-backed securities servicers are improving their processes despite generally adverse market conditions, Fitch Ratings found.

Mortgage rates fell this week as investors acted on Federal Reserve Gov. Daniel Tarullo's doubts on an interest rate increase occurring before the end of the year.

Mortgage default rates decreased in September, pushing the composite rate down seven basis points to 0.89%, according to the S&P/Experian Consumer Credit Default Indices.

Citizens Bank in Providence, R.I., has appointed a former mortgage insurance executive to head its mortgage division.

Wolters Kluwer Financial Services has released a new tool to help lenders navigate updated reporting requirements on mortgage loans announced by the Consumer Financial Protection Bureau last week.

Arch Mortgage Insurance Co. plans to launch a new risk-based pricing program in the fourth quarter.

Xome, a Nationstar Mortgage Holdings effort to automate the home-buying process, has launched a notary mobile app.

Single-family home market values nationwide are expected to rise 3.6% in the coming year, according to Veros Real Estate Solutions, which said this is one of the best forecasts in almost two years.