The Mortgage Industry Standards Maintenance Organization released the latest version of its reference model for a 30-day intellectual property rights review, the final step before MISMO Version 3.2 reaches the final “Recommendation” status for implementation.

With less than two months before the annual Mortgage Technology Awards ceremony, the judges’ panel is pleased to announce the finalists for this year’s awards.

One in every 686 housing units nationwide either had a default notice, scheduled auction or bank repossession on their property in July.

DocMagic and Ellie Mae have yet to settle their legal dispute and the presiding judge granted an extension to his deadline for the companies to come to terms.

Residential delinquencies are on the rise again and trouble could be afoot in FHA foreclosures, according to new second quarter figures compiled by the Mortgage Bankers Association.

Residential mortgage applications fell almost 2% for the week ending August 3, according to new figures compiled by the Mortgage Bankers Association. The comparison is to the week prior.

PHH Corp., the parent company of the nation’s largest nonbank mortgage lender, lost $57 million in the second quarter and signaled its intention to reduce its presence in the correspondent lending channel where it ranks seventh nationwide.

Refinancings of Fannie Mae and Freddie Mac loans with LTV ratios above 125% surged in June as lenders were able to securitize and sell these severely underwater loans for the first time.

Controversy about what method leads to higher real estate valuation accuracy and realistic pricing is keeping up competition between vendors striving to custom fit their tools to the changing needs of their lender and servicer clients.

The CoreLogic house price index rose for the fourth consecutive month in June and the vendor’s chief executive expects prices will remain positive during the second-half of this year.

The web portal will provide homeowners with information that helps them make knowledgeable decisions about what foreclosure alternative options are available to pursue.

Technology at home is about wants, while technology at work should be about needs—business needs.

Technology can provide a do-it-yourself origination process. But are borrowers ready?

The government controlled Freddie Mac posted solid earnings of $1.1 billion in the second quarter – after paying the U.S. Treasury Department $1.8 billion in dividends on the preferred stock it owns.

Appraisers may have started to change their business practices one at a time probably only a few years ago, but their strategy shift and where they are headed already has started to become clear.

Community Trust Bank had $385 million in outstanding warehouse commitments at June 30, almost double what it had a year ago.

The Federal Housing Administration reported Monday that applications for streamline refinancings of existing FHA borrowers jumped 400% in June from the month prior. In total, 84,600 new applications came in.

Chip Mahan, the founder of the first online bank, Security First Network Bank, and current CEO of Live Oak Banking Company in Wilmington, N.C., has helped launch a cloud-based technology company called nCino that has already signed up Live Oak and five other banks.

The average cost to close a residential loan in the U.S. dropped 7% over the past year to $3,754, according to Bankrate.com’s eighth annual closing costs survey.

Mortgage bankers hired 7,800 full-time employees in June after adding 2,200 in May as managers tried to beef up capacity with their shops being swamped by a tidal wave of refinancings caused by record low interest rates.