Data and information management

CIB Marine Bancshares has agreed to buy Avenue Mortgage.

Fannie Mae and Freddie Mac worked with more than 130,000 borrowers during the first quarter to help troubled borrowers who were at risk of foreclosure not lose their property.

There were also small increases in the number of jumbo, investor and higher loan-to-value ratio offerings, the Mortgage Bankers Association said.

Delinquency rates on home equity lines of credit rose last year and appear to be stabilizing.

The latest data from CoreLogic showed a drop in both foreclosure and shadow inventory figures, exemplifying more positive news in the nation’s housing recovery.

Incentive pay to executives and senior managers at independent mortgage banking companies increased significantly in 2012, compared to the leaner years.

Due to higher home price gains across much of the nation, continuous improvements in distressed market measures and greater consumer confidence, a more optimistic home value projection was made by Clear Capital.

Fannie Mae and Freddie Mac seller/servicers completed 106,900 HARP refinancings in April, up 8% from the month prior.

The housing industry’s recovery efforts are progressing through May as mortgage delinquencies have decreased 43% from their 2010 peak, according to Lender Processing Services.

The gradual rise in interest rates now underway won't have a detrimental effect on most credit unions, predicts one industry expert.

We're hearing that it’s kind of a mystery as to why the number of construction jobs has not kept pace with housing starts.

Employment in the mortgage banking and brokerage sector edged down to 292,200 in May on a nonadjusted basis from 293,000 in April.

Almost 36% of all U.S. new homes sold in May weren’t yet under construction, close to a seven-year high and signaling sustained strength in homebuilding as companies try to catch up.

Home prices increased over 12% in May over the same month last year, the largest increase in the CoreLogic Home Price Index since February 2006.

Spending on the construction of new single-family homes edged up 0.4% in May as housing starts slowed in May and April.

The Eleventh Federal Home Loan District Cost of Funds Index set a new record low in May at 0.951%, a 29 basis point decline from April.

Besides DataQuick Information Systems, CoreLogic is buying the credit and flood services operations from DataQuick Lender Solutions.

More than 85% of Redfin’s real estate agents said now is a good time for homeowners to sell, up from 82% in the first quarter, but only 46% said it was a good time to buy, down from 57%.

The recent jump in mortgage rates has not impacted foot traffic at KB Home’s showrooms and it is not discouraging buyers.