Technology

Prospective homebuyers and real estate investors who are having difficulty purchasing a property due to a lack of available inventory still have another option to choose from: fixer-uppers.

Mortgage companies added 3,000 full-time employees to their payrolls in April following 2,500 new hires in the prior month.

Fidelity National Financial’s proposed acquisition of Lender Processing Services will create a larger, more diversified revenue base, said A.M. Best.

Buyers are looking for new homes more urgently as rates continue to rise.

A pair of decisions from the Oregon Supreme Court will allow mortgage lenders to proceed with nonjudicial foreclosures in that state on loans that were placed into the Mortgage Electronic Registration Systems.

Mortgage Technology is pleased to announce the entry period and categories for the 14th Annual Mortgage Technology Awards. The 2013 nomination form is available one and the deadline for all nominations is 6 p.m. EDT Thursday, July 18.

A MortgageMarvel.com analysis of 650,000 mortgage applications filed with 1,100 U.S. lending institutions across the country in 2012 shows buyers are taking advantage of technology to apply for mortgages at all times.

As real estate prices climb in the majority of markets throughout the country, investors are currently becoming more reluctant to purchase the same amount of inventory compared to last summer.

The completion of the foreclosure process in judicial states rose to their highest point in two years, contributing to an overall decline in foreclosure inventories nationwide.

With the housing market recovering, Wells Fargo plans to ramp up the marketing of a credit card that allows customers to use reward points to pay down their mortgage.