Mortgage technology

Radian Group posted a net loss of $27.3 million on charges associated with the planned restructuring of its underperforming mortgage and real estate services unit.

Fiserv has acquired the assets of PCLender, a mortgage loan origination system vendor based in Reno, Nev.

CoreLogic will fully integrate its 4506-T income verification product in August with Fannie Mae's Desktop Underwriter platform to provide Day 1 Certainty service.

FNF Group has acquired Real Geeks to target single real estate agents unaffiliated with a team.

Fannie Mae is increasing the maximum debt-to-income ratio it will allow on purchased loans to 50% from 45% on single-family loans when it rolls out its latest version of Desktop Underwriter on July 29.

Total bonuses paid to assistants, processors, closers and managers have been rising as lender retention and merger activity have heated up.

Tech-savvy mortgage broker Sindeo is back in business, following an acquisition by Renren, a Chinese social media company and an investor in U.S.-based fintech firms including Social Finance and LendingHome.

It's not only regulation that is hurting profitability, but also banks' failure to adapt to the internet age, according to a recent study.

Fannie Mae and Freddie Mac's efforts to provide representation and warranty relief to lenders that perform automated data validations before loans close will improve mortgage credit risk assessment and lower costs for lenders and borrowers.

The shuttering of tech-savvy mortgage broker Sindeo reflects the challenges of operating during a period of weak volume in a difficult originations channel, not its embrace of digital mortgages.