Mortgages

Upgrading communications technology is imperative, but only one way, for mortgage servicers to prepare for an onslaught of consumers accustomed to high-touch, individualized attention.

Stewart Mortgage Information Systems is pulling the plug on its delinquent mortgage services business.

Ellie Mae will add new integrations of Fannie Mae's automated loan review technology to its loan origination system to help lenders ensure loans remain eligible for sale throughout the underwriting process and eliminate surprises at the end.

Home sales involving distressed properties and cash sales both declined in June compared to a year ago, according to RealtyTrac.

The U.S. mortgage delinquency rate, for loans at least 30 days late, fell 2.9% in June from the previous month, Black Knight Financial Services said in its monthly mortgage performance report.

Old Republic International Corp. doubled its title insurance revenue during the second quarter, while First American Corp.'s commercial title business was a significant driver of growth.

Texas Capital Bancshares in Dallas has formed a mortgage correspondent aggregation business line, to complement its existing mortgage finance business.

The Consumer Financial Protection Bureau's new integrated disclosure regulations could pose problems for warehouse line providers along with their mortgage lender clients.

Zillow Group in Seattle has agreed to buy DotLoop in Cincinnati, a provider of real estate document technology.

The West Coast continued to dominate the top housing markets across the country in terms of property values, according to the most recent Home Value Forecast offered by Pro Teck Valuation Services.

Huntington Bancshares in Columbus, Ohio, reported higher quarterly in profit that reflected higher in mortgage banking fees and steady loan growth.

The Mortgage Bankers Association on Wednesday said the housing market recovery has shifted to "a higher gear," and it raised its forecasts for total originations and home purchases for this year and 2016.

Bankers were pleased with the dramatic leap in home lending last quarter, but they cautioned that volume will slow in the second half as rate increases curb refinancings, nonbanks provide stiffer competition, servicing costs remain high and underwriting standards change.

Radian's note repurchase and issuance of new debt have helped increase the liquidity and capital strength of its mortgage insurance business.

U.S. home prices rose in May as a limited supply of properties for sale failed to meet demand from first-time buyers.

Sales of previously owned U.S. homes climbed to an eight-year high in June as momentum in the residential real estate market accelerated.

Mortgage application volume rose 0.1% for the week ending July 17, a slight uptick from a week earlier, according to the Mortgage Bankers Association's weekly survey.

Genworth Financial Inc. is in exclusive talks to sell a European unit to France's Axa SA as Chief Executive Officer Tom McInerney works to fill a capital gap at its private mortgage insurance subsidiary.

The Consumer Financial Protection Bureau has issued its final rule for the "Know Before You Owe" mortgage disclosure rule, which is also known as TILA-RESPA or TRID.

Regulators gave conditional approval for CIT Group's deal to buy OneWest Bank, paving the way for an institution that would be deemed systemically important, with $70 billion in combined assets.