Origination

Document preparation vendor DocuTech will begin offering electronic doc management services through a partnership with provider Xerox Mortgage Services.

New notices of default at the nation's private mortgage insurers far outpaced cures in May, ending a run of three months where the opposite was the case, according to the latest data from the Mortgage Insurance Cos. of America.

Average mortgage rates remained relatively steady in the latest week tracked by Freddie Mac, which ended June 30.

Most lenders and servicers likely may pay no mind to the work of the Mortgage Industry Standards Maintenance Organization’s contingent of dedicated volunteers. They don’t care how the technology works; they just want it to work.

Here's one for those of you who think that the mail and e-mail will do your selling for you. It's a call I received.

May home sales in Massachusetts dropped more than 25% from the prior year but median prices increased after five months of decreases, according to The Warren Group.

There are approximately 4.1 million loans nationwide that are 90 days delinquent or in foreclosure, according to Lender Processing Services’ May Mortgage Monitor report.

KB Home, Los Angeles, has made MetLife Home Loans its preferred mortgage lender, effective June 27. The homebuilder's previous mortgage joint venture relationship with Bank of America stopped accepting new loan applications as of June 26, although it will continue to process and close any applications it received.

Warehouse credit for nonbank borrowers is probably the most plentiful it’s been since financial markets melted down three years ago. Banks, both large and small, have entered the sector, realizing strong profits can be made for little risk.

The Realtors' leading indicator of future home sales jumped 8.2% from April to May and it is up 13.4% from a year ago with all four regions of the country showing an uptick in sales contracts.