Mortgage technology

Even though home prices are higher now than last year, 8.7 million U.S. homeowners remained underwater on their mortgage in the second quarter.

Online real estate marketplace Auction.com has appointed Mindy Heppberger as chief legal officer.

HomeUnion named Jamie Sipila as its senior director of product management.

New rules are illuminating a once-shadowy market where servicers can be quick to modify loans and may have few qualms about principal reduction. Discounts or equity make such flexibility possible.

Altisource, a mortgage data company in Luxembourg, has opened a new technology campus in Bangalore, India.

Technologies that bridge the gap between originators and real estate agents are designed to improve communication and lead management, which is crucial when loan officers are competing for referrals from top agents in a purchase-driven market.

Lower volume and improved processes are being credited for making mortgage lenders more efficient at getting loans through the origination process.

The Consumer Financial Protection Bureau has chosen a dozen firms involved in the mortgage industry for a pilot program looking at whether electronic fillings can improve the mortgage closing process.

Millennials may be the first group of homebuyer-aged Americans that don't buy into the American dream — at least not the homeownership part of it.

The Mortgage Industry Standards Maintenance Organization will release two residential mortgage data standard updates in November 2014 and July 2015.

In about six years, by 2020, one out of three adult Americans will be a Millennial. By 2025, they will make up about 75% of the workforce.

Several institutions said their underwriters already exclude paid and unpaid medical debt from their calculation, raising questions about what kind of impact the new model will have on lenders.

Stewart Lender Services in Houston has completed the acquisition of DataQuick Lending Solutions, which adds valuations to Stewart's mortgage service offering.

Building awareness and trust in your company helps to get new customers.

Ellie Mae has agreed to buy AllRegs, an electronic publisher of underwriting guidelines.

Just when you thought the exotic issues regarding residential default had all been discovered, discussed and litigated, here comes the so-called zombie foreclosure.

Zillow Inc., the real estate website that's acquiring smaller rival Trulia Inc. for $3.5 billion, reported second-quarter sales that topped analysts’ estimates as traffic increased and more agents used its home-listing service.

Signs are definitely pointing to a rise in REO activity across the country in specific markets, particularly in Massachusetts, New York, Florida, Ohio, Illinois, Tennessee and elsewhere.

Intercontinental Exchange Inc., best known for energy trading and its control of the New York Stock Exchange, is engaged in negotiations that would give it a foothold in the $9.4 trillion U.S. mortgage market.

Ellie Mae ties its fortunes to its clients' success with a pricing model that charges lenders based on the number of loans they close. Now it's found a way to monetize the applications that flow through its origination software but don't get funded.