The average interest rate for a 30-year fixed rate loan fell to 3.99% for the week ending March 29, compared to 4.08% the week prior, according to new figures compiled by Freddie Mac.

Lenders are increasingly providing borrowers with online tools to complete loan applications. As this innovation takes off, lenders are adapting their businesses to evolve the role of the loan officer, while POS and LOS vendors are engaged in a showdown for the online channel.

Software commoditization via SaaS has drastically lowered costs for small and midsize lenders and the flexibility of transaction-based pricing is driving many technology decisions in the mortgage industry.

Residential servicers completed 65,000 foreclosures in February, an 8% decline from the prior month and just about flat from the same period a year ago, according to new figures compiled by CoreLogic, Santa Ana, Calif.

Bank servicers initiated more trial modification plans, and initiated fewer foreclosure actions in the fourth quarter than the previous one, according to a new report from the Comptroller of the Currency.

Among the next steps in the National Reverse Mortgage Lenders Association's Borrow With Confidence efforts will be a story-telling campaign, with seniors describing their experience with and benefits from the product, officials from the group said at its Eastern regional meeting in New York.

Although rates have been trending downward this week, new mortgage applications fell by almost 3% for the week ending March 23, according to new figures compiled by the Mortgage Bankers Association.

Community banks and thrifts are slowly increasing their originations of non-conforming mortgages, while pulling back on making FHA loans, according to a new study from the American Bankers Association.

Standard & Poor's said Tuesday that home prices fell in January for the fifth consecutive month, reaching a new low for the housing bust.

While facing continued pressure from its largest investor for a management shakeup, CoreLogic expects to benefit from continued mortgage refinancing activity, internal cost cutting and the introduction of new products.

Freddie Mac purchased $37.6 billion of residential loans from its seller/servicers in February, a 10% increase from the prior month, and a sign perhaps that Bank of America's recent decision to quit Fannie Mae is helping Freddie.

For smaller companies, social media is a marketing equalizer versus larger competition. The question has been are they taking advantage of it and the follow up is if they are, are they doing it effectively?

Contracts to purchase previously owned homes eased by half a point in February on a sequential basis, but rose 9% compared to the same month last year, according to new figures released by the National Association of Realtors.

Who says a consumer with a low FICO score can't get a mortgage? A recent survey conducted by National Mortgage News found five lenders that are willing to extend credit to borrowers with FICOs of 600 or less. The three lenders with the lowest FICO scores include TD Banknorth Mortgage, Embrace Home Loans, and Compass Bank.

If you're looking for the missing piece to the mortgage "deconsolidation" equation, its name is Wells Fargo. Never before in the annals of residential finance has one company amassed such an enormous market share in lending (27%) and servicing (20%).

Jim Blatt, CEO of St. Louis-based marketing technology provider Mortgage Returns, discusses the efficiency and compliance gains of customer relationship management technology.

New single-family home sales fell 1.6% in February to a seasonally adjusted annualized rate of 313,000 units, but prices jumped to their highest level in eight months, according to government figures released Friday morning.

Loan origination systems have in many cases largely been striving to keep up with inordinate demands for functionality during a time when resources are scarce by finding partners to help them extend their abilities.

Mortgage bankers issued $28 billion of Government National Mortgage Association MBS in February, down 7% from the prior month, according to new figures released Thursday.

The latest round of vendor consolidation in the LOS sector saw three mortgage technology heavy hitters acquire competing or complementary software developers in a series of moves that shook up the landscape of origination technology.