Lenders seized or sold at auction 51,000 housing units nationwide in September, down from 84,000 last year.

Originators should outsource the verification of employment function.

Progress will be tougher going forward due to the high concentration of borrowers with junior liens and low-value properties.

Mortgage websites often make one of the same mistakes the disastrous healthcare.gov did. So both mortgage technologists and government officials can share the derisive tag “the monkey court” for once.

Risk management and compliance has increased from safety and soundness reviews to encompass consumer protection and operational risks since the founding of the Consumer Financial Protection Bureau.

An improved economy should help grow purchases in the coming year as overall loan volume drops.

Prices in 16 of the 20 cities tracked posted smaller monthly price gains in August.

The housing recovery for Massachusetts is in full effect as foreclosure petitions, foreclosure deeds and auction announcements all dropped by double-digit percentages in September from last year.

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While the housing market is slowly picking up steam, there is still a very large inventory of distressed loans that pose a potential risk to the mortgage industry.

Servicers are still finding ways to cope with heightened regulatory scrutiny and continue to evaluate options to increase efficiencies while maintaining legal compliance.

Affordability concerns and weak consumer confidence are keeping many potential homebuyers on the sidelines.

The bank earned $38 million in the third quarter, an 8% decrease from the same period a year ago.

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HMDA data show 34% of mortgage apps went unfunded last year, down from 40% in 2011.

The title insurer will raise the funds by selling stock and taking a bridge loan.

The market for bank-owned assets is inefficient and fragmented. Buyers have to search dozens of websites, sift through hundreds of potential leads, and track down sellers from incomplete or out of date listings to find what they are looking for.

Banks and conduits are lending more money to make up for the decline in government-sponsored agency volume.

PCV Murcor’s ValuationsDirect makes it easier for mortgage brokers and correspondents to not only pay for a borrower’s appraisal, but track the status of a report.

Falling refis push the GSE’s guarantee volume to a 17-month low.