Data and information management

Kareem Serageldin marked up the collateralized debt obligations to meet targets and boost yearend bonuses for his $5.35 billion trading book, prosecutors claimed.

U.S. foreclosure inventory through October is at its lowest point since the end of 2008, LPS data reveal.

About 1.4 million homeowners regained positive equity from the second quarter to the third quarter, which is the biggest quarterly drop recorded by Zillow.

Many would-be buyers were shut out during the previous summer and spring seasons.

The mortgage industry’s shift toward a purchase-driven market increases the risk of fraud, and that was evident in the third quarter, particularly for jumbo loans.

Limited supply and higher mortgage rates have restrained momentum in the housing-market recovery.

Purchase applications were up 6% as data show a reversal in the previous week’s rate spike.

Late payments are down when compared with October 2012 as the economy continues to improve.

Rising home sales and relatively low foreclosure sales are the key drivers for the continued growth in residential prices.

Two of three index scores suggest a favorable outlook.

The number of homeowners who received a permanent loan modification in the third quarter decreased from the prior quarter. Servicers also finalized fewer short sales.

The largest increases are in Detroit, Atlanta, Las Vegas and Orlando, according to Re/Max.

The filing of fraudulent mortgage applications is on the rise. On the surface, it appears as if risk mitigation solutions are not working properly. But vendors and even some lenders disagree.

Purchasing homes from Zillow has been fueled by huge resets in home prices since market peak, historically low mortgage rates and an improving economy.

New and resale houses and condominiums sold statewide in October were up about 1% from the prior month.

October marked the 16th consecutive month where scheduled judicial foreclosure auctions increased from a year ago.

It is their corporate culture which sets Quicken apart—but that culture is what others can copy.

LendingTree’s Borrower Health Score fell almost 2 points from 2Q13 and now has a mark of nearly 80 through the third quarter. This score is still some 7 points above a year earlier.

They are looking to fix the industry’s reputation and that should help the scores on customer service surveys like the one J.D Power is releasing on Nov. 14.

Lenders reduced credit score minimums on loan products as originations declined.