Technology

Lenders could face tougher enforcement and higher penalties if they make errors on the new mortgage disclosure forms that are slated to go in effect next August.

In Las Vegas the house always wins and many in the industry were talking about the rising house values that are driving competitive purchase markets in some parts of the country.

A recent survey shows a very large number of mortgage lenders worry about loan quality and Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule compliance costs.

The mortgage software tech company Ellie Mae reported net earnings of $4.1 million for this past quarter on the strength of its loan origination system software.

Mortgage lenders need to pay attention because Americans are interacting with peer-based networks to make major purchasing decisions.

Technology companies such as Ellie Mae, which almost doubled its employees to 700 and saw its stock price reach a new high this year, are seizing an opportunity to transform how mortgages are made.

Auction.com, which got a $50 million investment from Google in March, said it will use the Internet-search company’s big-data capabilities to try to predict U.S. home sales and other trends ahead of competitors.

Mortgage executives who have long decried new regulations as excessive are increasingly becoming resigned to the fact that changes are here to stay.

Federal and state laws, including the Gramm-Leach-Bliley Act, require title companies to develop a written information security program that describes the procedures they employ to protect non-public personal information.

Home prices in 20 U.S. cities rose at a weaker pace in the year ended in August as borrowing standards remain tight and wage gains fail to accelerate.