CoreLogic released numbers showing there were 63,000 completed foreclosures in May, compared to 77,000 finished foreclosures during the same time period last year.

The nomination deadline for the 2012 Mortgage Technology Awards has been extended until 12 p.m. EDT Tuesday, July 10.

The Mortgage Bankers Association reported that the average profit per loan originated in the first quarter was $1,654, up from $1,093 in the fourth quarter.

The stock market soared upwards on Friday morning and that rising tide also brought up many stocks associated with the mortgage industry.

Brian Vieaux has joined Flagstar Bank as senior vice president and head of its home lending division.

The operators of an allegedly deceptive mortgage modification business will pay more than $750,000 in ill-gotten gains to settle Federal Trade Commission charges. The settlements also permanently ban the 11 defendants from selling any mortgage assistance relief products.

Despite recent advances by credit scoring companies, the mortgage industry still questions whether credit scores can be relied on to predict borrower behavior.

Despite 12 years of education to the industry, there are still a lot of misconceptions out in the trenches about what e-mortgages are and where they can be used.

Ellie Mae’s secondary stock offering priced higher than expected and at $17 per share, will raise between $48.16 million and $55.36 million, after expenses, for the mortgage technology vendor.

A new service from CoreLogic incorporates servicer stop advance data into its private-label residential mortgage-backed securities dataset.

The National Association of Realtors reported that its pending sales index jumped nearly 6% in May back to 101.1, the same level in March and the highest this year.

Attempts by Mortgage Guaranty Insurance Corp. to sell off its eMagic and Myers Internet units have failed and the mortgage insurer will shut down the pair of technology providers on Sept. 1.

In the wake of several significant regulatory developments, and with more changes looming, it seems clear that esponsible servicing professionals will need to evolve and adapt to new realities.

Freddie Mac purchased $30.7 billion in residential mortgages from lenders in May, up 19% from April.

The S&P Case-Shiller house price index rose 1.3% in April for the first time since August.

The Census Bureau reported that sales of newly built single-family homes rose to a 369,000 seasonally adjusted annual rate in May from a 343,000 rate in April.

California pending home sales for May were flat from April, but posted double-digit gains from a year ago for the fourth straight month.

Mortgage technology vendor Ellie Mae will offer 3 million shares of its stock in a public offering announced Monday.

As mortgage industry companies are putting a greater emphasis on technology and the Internet today to create a more successful business, executives across the country need to be aware of tactics that cybercriminals are using to hack into computer systems in order to access financial accounts and other high-level proprietary information.

Major servicers are in various stages of setting up their systems and training personnel to provide struggling homeowners with a single point of contact that they can rely on as they go through the loan modification process.