Technology

Pricing engines have moved from a tool to help sell loans to a “compliance-ready tool” for use by originators.

Today, borrowers can close loans whenever and wherever their schedule permits, thanks to mobile notaries.

Census Bureau data shows that builders started 19,000 single-family attached houses in the quarter, up from 18,000 for the April-May-June period in 2012.

For the second quarter of 2013, total title insurance premiums written were $3.34 billion, compared with $2.77 billion in 2Q12.

U.S. residential properties sold at an estimated annualized pace of 5.5 million in July, which is up 11% from last year.

Approximately 12.2 million homeowners with a mortgage were in negative equity at the end of the second quarter.

There was a 10 basis point decrease in the price of whole loans securing commercial mortgage-backed securities in July.

The Freddie Mac Primary Mortgage Market Survey finds the average rate for the 30-year fixed rate loan is still 92 bps higher than it was for the same week last year.

As the housing market continues to recover, the foreclosure inventory is declining quickly, data from a CoreLogic report revealed.

The second quarter report shows that the 1,115 reporting banks recorded $8.1 billion in income from the sale, securitization and servicing of their 1-4 family loans.