Data and information management

Streamline refinancing applications have more than doubled since the Federal Housing Administration opened a special program on June 11 for existing FHA borrowers who had not refinanced since May 2009.

Ellie Mae generated total revenue of $23.6 million in 2Q, up 106% from the same period last year when Ellie Mae posted a net loss of $40,000 off revenue of $11.5 million.

Radian and most mortgage insurers consider HAMP transactions a modification of existing coverage and do not include it in new policies written.

The loan limit on VA-guaranteed loans is slated to move up to $729,750 again, staying there for two years now that House of Representatives has passed a Veterans benefits bill.

According to figures compiled by the Mortgage Bankers Association, refi applications accounted for 81% of all new business for the week ending July 27.

Servicers completed 60,000 foreclosures in June, which is the same amount from the previous month but down 24% from last year.

Wells Fargo Home Mortgage is embracing residential reforms mandated by the new national servicing standards, regulatory consent orders and the Dodd-Frank Act.

The S&P Case-Shiller house price index climbed 2.2% in May after a 1.8% increase in April.

The Census Bureau reported that the number of the owner-occupied homes rose by 126,000 units in the second quarter after falling by 490,000 units in the first quarter.

Optimism from Trepp analysts that commercial MBS delinquency rates might improve in the second half of 2012 did not occur in July as expected.

Roughly 2.7 million California households – homeowners and renters – pay at least half their income for housing.

According to bank earnings reports of the past few weeks, residential fundings are on a tear—with the anticipation that application volumes will continue to hold steady or increase.

If the CFPB makes brokering impossible, how many brokerage shops can afford to convert into a mortgage banking firm? The capital requirement is currently $2.5 million, while rumors persist that it may be hiked to $3.5 million over the next few years. The net worth requirement is set by Fannie Mae, Freddie Mac, and GNMA/FHA…

The Census Bureau reported that 1.6 homes vacant homes were listed for sale as of June 30, down 3% from the first quarter and 18.6% from a year ago.

Freddie Mac purchased $44.1 billion of mortgages from its seller/servicers in June, the GSE’s best acquisition month of the year and a sign that loan production is strong.

With the addition of four new towers announced this week—two in South Beach and two others in downtown Miami—more than 8,600 condo residences have now been proposed for the tri-county South Florida region.

Home sales may be flagging a bit, but prices are rising and have been each and every month since January.

Mortgage rates fell to yet another all-time low this week, 3.49% for a 30-year fixed-rate mortgage.

EverBank Financial originated $2.7 billion of loans and leases in the second quarter, up 19% from the first quarter and 89% from the year ago.

In metropolitan cities that have at least 200,000 people, foreclosure activity increased in 125 out of 212 markets in the first half of this year compared to the prior six months.