Technology

Lenders need to use nontraditional means of measuring a borrower's likelihood of default.

There remains a clear difference in the housing recovery among home price tiers, according to the November Mortgage Monitor from Black Knight Financial Services.

As we enter the new year, there is a real possibility that we'll be saying good-bye to historically low interest rates and the refinance business that has sustained many firms.

Simplified has launched an ordering platform that delivers settlement services to lenders.

By targeting construction lending, 1st Financial Bank USA aims to expand beyond its hefty concentration in credit card loans while entering a business segment that has shrunk mightily since the financial crisis

Kofax, a financial technology company in Irvine, Calif., has released a product that allows lenders to capture and process electronic signatures.

Lenda, a new mortgage company backed by Silicon Valley investors, wants to supplant the traditional loan officer with consumer self-service technology.

Home values have risen fastest in markets where institutional buyers bought up scores of foreclosed homes and then rented them out. But these investor have largely curtailed their buying, and may even be ready to start selling off more properties to profit from the run-up in home prices. That could be good news for first-time buyers.

Mortgage credit availability loosened in December, according to a report from the Mortgage Bankers Association.

The number of homes in negative equity continued to lessen through the end of the third quarter, according to CoreLogic.