In reaction to the mortgage industry’s woes, and in some cases in spite of them, technology has marched on giving us new tools, techniques, and tactics that enhance our ability to be vigilant.

Since agreeing to a consent order with federal regulators last year, Wells Fargo has embarked on an aggressive plan to implement new loss mitigation strategies and improve upon existing practices.

With the numerous program guidelines, strategies and other challenges facing mortgage servicers, the ability to rapidly develop and deploy technology is crucial for current and future loss mitigation efforts, according to a panel at the National Mortgage News “Best Practices in Loss Mitigation” Conference in Dallas.

Freddie Mac is hiking its origination forecast by $200 billion to $1.65 trillion for the year.

Sales of existing homes unexpectedly fell 5.4% in June after holding steady in April and May.

An Oregon homeowner’s fight against Merscorp Holdings was revived after a state appellate court reversed a lower court’s decision to rule in favor of the owner of the Mortgage Electronic Registration Systems before the case went to trial.

LOS providers who offer, and lenders who select, an EDM product that’s crafted and maintained by a team of skilled craftsmen, not a “Jack of all trades” won’t be disappointed; even after the check is cashed.

Mortgage Technology will commend the lenders and servicers that use technology to improve processes, provide exceptional customer service and increase business with its annual list of the Top Tech-Savvy Lenders and Servicers. The deadline for all nominations is 6 p.m. EDT Thursday, August 16, 2012.

FraudGuard and PredProtect have received assessments from SecureInfo that shows both of these tools have low security risk.

June statistics from the California Association of Realtors show home sales experienced solid gains annually and home prices reached their highest level since August 2010.

The Census Bureau reported that single-family starts rose to a 539,000 seasonally adjusted annual rate in June, up from a 515,000 rate in May.

While the basic mortgage jobs picture has been flat, there are variations within it. Mortgage banking firms have lost 6,000 jobs, while mortgage brokerages have gained 6,000 jobs.

With the bucket-load of regulations coming down the pike toward mandatory implementation in our industry, it’s time to track, measure and quantify experience while simultaneously speeding the process, complying with changing rules, and recovering the most dollars.

The economy is in the tank and thousands of people are out of work. In the U.S., given the slow recovery, the housing crisis continues.

Since the start of this year, house prices have risen 2.5% through April 30.

• Self-Service Mortgage• Retaining MSRs• UMDP Expands• Expert Industry Commentary

Lenders Compliance Group is using Veros Real Estate Solutions' collateral integrity analysis product for prefunding and post-closing audits, early payment defaults, high default due diligence, as well as warehouse bank and portfolio reviews.

During a conference call one analyst suggested that Wells Fargo could originate $170 billion of single-family loans in the third quarter based on its conversion rate of applications-to-closed loans.

Merscorp Holdings will provide the state of Delaware’s Department of Justice Consumer Protection Unit a semi-annual report detailing results of its internal audits.

CoreLogic and FICO released the FICO Mortgage Score Powered by CoreLogic, a new offering that evaluates the traditional credit data from the national credit data repositories and the supplemental consumer credit data in the CoreLogic CoreScore.