Technology

Carrington Real Estate Services has launched a mobile online resource center that is designed to save real estate agents time.

Freddie Mac purchases of mortgage loans and securities fell 9% from March to $47.3 billion in April.

Title insurer Fidelity National Financial is in talks to buy 80% of LPS in a $2.9 billion deal that values the target at $33 a share.

Fidelity National Financial dominates mortgage underwriting. Its former LPS unit is the top mortgage servicer. The question is whether by reuniting two companies that have run out of room to grow separately can prosper together.

JPMorgan has another prime jumbo mortgage-backed securities deal in the pipeline, according to three companies’ presale ratings reports.

Lender Processing Services has had a turbulent couple of years since the beginning of the robo-signing scandal from 2010 to the present day that included lawsuits, a consent order and several settlements of charges. The robo-signing allegations involved an LPS unit that allegedly created bogus mortgage assignments so that foreclosures may be processed more quickly and efficiently.

Home prices jumped 1.3% from February to March as the spring home buying season got off to a good start.

Potential homebuyers are worried about the inventory shortage and rising prices in regards to current market conditions.

New home sales rose 2.3% in April following an upward revision in March sales and prices rose at a fast pace.

Despite the national negative equity rate falling through the first quarter of 2013, millions of homeowners with mortgages that are not underwater still lack enough equity even if they wanted to move.