Servicing

A pair of decisions from the Oregon Supreme Court will allow mortgage lenders to proceed with nonjudicial foreclosures in that state on loans that were placed into the Mortgage Electronic Registration Systems.

Mortgage Technology is pleased to announce the entry period and categories for the 14th Annual Mortgage Technology Awards. The 2013 nomination form is available one and the deadline for all nominations is 6 p.m. EDT Thursday, July 18.

A MortgageMarvel.com analysis of 650,000 mortgage applications filed with 1,100 U.S. lending institutions across the country in 2012 shows buyers are taking advantage of technology to apply for mortgages at all times.

As real estate prices climb in the majority of markets throughout the country, investors are currently becoming more reluctant to purchase the same amount of inventory compared to last summer.

Fannie Mae and Freddie Mac did not make an objection in the Arizona receivership court to the sale of CMG Mortgage Insurance to Arch Capital.

Fixed mortgage rates climbed for the fifth consecutive week in Freddie Mac’s latest survey.

The completion of the foreclosure process in judicial states rose to their highest point in two years, contributing to an overall decline in foreclosure inventories nationwide.

Wells Fargo also made a commitment to invest $39 million in 45 communities to provide support for neighborhood stabilization, property rehabilitation and housing development.

The Scottsdale, Ariz.-based landlord, which began buying foreclosed homes and converting them into rentals last year, had planned to raise as much as $260 million in an IPO this week.

With the housing market recovering, Wells Fargo plans to ramp up the marketing of a credit card that allows customers to use reward points to pay down their mortgage.