Originations

The votes have been counted and Mortgage Technology is pleased to announce the finalists for the 2013 Lenders’ Choice Mortgage Technology Award.

As the last day of hearings on the $8.5 billion Countrywide settlement closed without a conclusion, analysts warned investors’ wait for payouts could be much longer.

The Prestwick Mortgage Group is now offering a $252 million Fannie Mae A/A and FHLMC Gold Arc servicing portfolio on behalf of a federal savings bank.

Credit unions should see the “opportunity in the challenge” offered by the new mortgage rules from the Consumer Financial Protection Bureau.

At 4.32%, the weekly survey average for the 30-year rate is the lowest it has been since the week ending July 25, according to Freddie Mac.

Among other things, the technology suite provides a view of the loan pipeline, productivity stats and private-label branding.

Through the end of August, the U.S. loan delinquency rate—loans 30 or more days past due, but not in foreclosure—stands at 6.2%.

Mortgage lenders have come a “long way” over the past year in terms of easing their credit standards.

Battered by defaults on loans it insures, the Federal Housing Administration is expected to tap the Treasury Department for $1 billion to $1.5 billion to plug a budget shortfall.

Some are technologically complicated while others are simple, easy and effective.

While the Dow Jones Industrial Average and the S&P 500 closed lower, 11 of the 17 Mortgage Industry Equity Composite stocks closed higher.

LendingTree has created its own Credit Accessibility Report, which will measure the likelihood of borrowers gaining access to credit for home loans based on its own data.

You’d need a Shakespeare to do justice to the struggle over LO compensation.

Finding a funding for a condominium can be a difficult proposition under normal circumstances.

Countrywide is alleged to have defrauded Fannie Mae and Freddie Mac out of more than $1 billion in mortgages.

Two men from Tucson, Ariz., were sentenced to federal prison for their roles in a mortgage fraud scheme that resulted in lenders losing at least $3.1 million.

New home sales staged a comeback in August as sales in the South rebounded by 14%.

A CoreLogic report revealed that fraud risk among mortgage applications is down nationwide in the second quarter.

Home purchase loan applications are at their highest level since July, up 7% on a seasonally adjusted for the week ended Sept. 20.

Tactile Finance is rolling out a new feature for its Pro product for mortgage loan officers, a screen-sharing function which lets them remotely show and explain to their clients the benefits of different loan scenarios.