Technology
Technology
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Freddie Mac chief economist Frank Nothaft attributed the mixed-rate movements to a recent above-consensus employment report, and an upward revision in the prior two months of jobs data.
November 8 -
In its third quarter release PHH said it believes that retail production consistently delivers “high quality” loans.
November 8 -
After more than three years of regulatory requirements, some of which involved the implementation of technology, the moment that the origination industry has been waiting for has arrived.
November 7 -
Zillow CEO Spencer Rascoff said the company is focusing on a strategy of “building home-related marketplaces.”
November 7 -
Mortgage lead generation revenue grew by 27% over the third quarter of last year.
November 7 -
Surprises in the latest prepayment numbers include a notable surge in loans eligible for the Home Affordable Refinance Program.
November 7 -
Randy Gillis has been appointed the chair of the strategic planning committee for the Mortgage Industry Standards Maintenance Organization.
November 6 -
Despite the lack of any big acquisitions, Nationstar's servicing portfolio grew slightly, to $198 billion in serviced loans, on the back of increased originations and two GSE portfolio acquisitions.
November 6 -
Fidelity’s title insurance business alone posted pretax earnings of $210 million, up from $138 million in 3Q11.
November 6 -
Bond prices are improving due to the federal government purchasing mortgage-backed securities, which keeps interest rates low.
November 6 -
Freddie Mac's third-quarter results suggest that the mortgage giant is living off the refi boom: in 3Q its secondary market acquisitions supported home purchases of 1.4 million units, but 5.6 million of refinancings.
November 6 -
In what may be bad news for mortgage lenders, 30% of all California home buyers paid for their property with cash.
November 5 -
The Federal Housing Finance Agency recognizes that Fannie Mae and Freddie Mac likely will be around for a few more years—and the only way to reduce their dominance is to raise guarantee fees while providing a secondary market execution for private securitizations.
November 5 -
Back in July the credit union beefed up its jumbo ARM lending, rolling out new products with introductory rates as low as 2.875%.
November 5 -
The value of mortgage servicing rights remain at historically low levels, creating one of the best buyer's markets in the history of the business.
November 5 -
One of its highlights was technology, data and analytics where revenue rose 11% to $192 million. Its EBITDA margin was 26.7%, up 460 basis points from last year.
November 2 -
It almost seems like old times again. Single-family housing starts spiked 11% in September from the prior month to the highest level since August 2008.
November 2 -
The government owned bank will fund jumbo mortgages through brokers and correspondents.
November 2 -
Mortgage brokers accounted for almost half the job gains since the beginning of the year, according to an analysis by National Mortgage News.
November 2 -
Fannie Mae ended September with loan commitments to buy $76.5 billion of new mortgages, a sign that originations will stay strong until yearend.
November 2



