A Texas community bank is leading a lawsuit against the Consumer Financial Protection Bureau.

Does the constant grind of impressing Wall Street investors hurt the ability of publicly traded companies like Ellie Mae to provide mortgage lenders with the best technology and customer service? According to Mortgage Cadence Chairman and CEO Michael Detwiler, it doesn’t help.

As investors look to capitalize on distressed mortgage portfolio opportunities, loan document questions and the role of MERS continue to arise.

Sales of single-family homes, condominiums and cooperatives fell to a 4.55 million seasonally adjusted annual rate in May from a 4.62 million rate in April.

Worsening economic indicators in the past week have driven the average weekly rate for a 30-year fixed-rate mortgage back downward to a new low of 3.66%.

Fitch Ratings has raised its ratings outlook for First American Financial and its subsidiaries to “positive” from “stable” because of the nation’s second largest title insurer’s capitalization, profitability and moderate financial leverage.

Freddie Mac raised its estimate for 2012 originations to $1.45 trillion in its latest economic and housing market outlook, citing lower expected 30-year rates. Freddie previously had forecast that 2012 would end with a total of just $1.3 trillion in originations.

Technology vendor Mortgage Cadence expects to expand the reach of its origination software in the credit union sector with its pending acquisition of Prime Alliance Solutions.

Mortgage applications decreased by just under 1% for the week ending June 15, but FHA refinancings soared.

Traditionally, underwriting focused on applying a static set of guidelines to determine an approve/reject decision.

The office vacancy rate in major Canadian cities fell to 5% in the second quarter from 5.4% in the first quarter, the second time the reading has been this low since 1985.

Fannie Mae's economists now believe that for all of 2012, originations will come in at $1.34 trillion, compared to a month ago forecast of $1.31 trillion.

If you haven’t made a conscious effort to grow your email list every day, here are some strategies you can use to build your email database into an asset.

Single-family housing starts rose in May for the third straight month while multifamily activity fell 24% from April’s construction pace.

The latest upgrade, version 1.1.001, connects all real estate professionals involved in short sale transactions into one nationwide network.

Wipro Gallagher Solutions' Abhinav Asthana discusses where he sees mobile mortgage technology going in the future.

Wells Fargo & Co. ended March with $1.84 trillion of residential servicing contracts on its books, once again ranking first—but barely growing its market share.

These days, many lenders’ licensing and legal departments are larger than what they were budgeted for, and adding efficiency without adding head count to the back office must be a priority.

FCI Lender Services recently took in $106.5 million worth of servicing assignments on nonperforming loans pools purchased by private investors.

NMN sister publication Mortgage Technology has recognized top-performing industry companies for more than a decade, dating back to when its “Top 100 Technology Vendors” list debuted in the July 2002 issue.