Technology

The new estimate shows a 15% increase in purchase mortgage originations, compared to a drop in 2014.

Purchases of previously owned homes dropped more than forecast in November as residential real estate struggles to sustain its recovery even as borrowing costs remain low.

Optical character recognition replaces a manual, error-prone process, but requires regularly testing and monitoring to get the most out of the technology.

Spectrum Equity has made an investment for ExactBid for an undisclosed price.

Mortgage rates declined, keeping borrowing costs at the lowest levels since May 2013.

Refinancing volume rose for the fourth consecutive month in November, according to Ellie Mae.

The number of homeowners who were in negative equity just two years ago has fallen by more than 40% through the third quarter, according to data from Zillow.

Consumers who supposedly can't be credit scored are being evaluated using antiquated methods, so they can't qualify for a mortgage loan.

The housing market will resume its recovery in 2015 after a "disappointing" year as sales accelerate, construction increases and mortgage credit eases.

Mortgage applications decreased last week despite several lenders now offering interest rates below 4%.