Technology

The CoreLogic house price index, which includes distressed sales, rose 0.7% in January after rising 0.4% in December.

Mortgage software manufacturer MortgageFlex has formed a partnership with Global DMS, a provider of valuation software.

Everyone in the mortgage banking industry is dealing with the effect of the foreclosure crisis which brought about unprecedented regulatory pressures and the need to reinvent the way mortgage servicers do business on a daily basis while planning for the long term.

Quality Mortgage Services has launched an offshore subsidiary that specializes in knowledge and business processes outsourcing for lenders and servicers.

The delinquency rate for commercial mortgage-backed securities reached its lowest level in a year.

Even though the REO-to-rental market has gotten off to a good start, there are still high expectations for this sector to emerge as an even hotter asset class over the next few years.

The Department of Housing and Urban Development has launched its first housing discrimination mobile application.

Redwood Trust has priced $250 million in aggregate principal amount of 4.625% convertible senior notes due 2018 to fund activity that may include the funding or purchase of mortgage-backed securities.

The members of the Mortgage Insurance Cos. of America wrote $10.5 billion in primary new insurance in January, down approximately 2% from $10.7 billion in December, but more than double the almost $5 billion written in January 2012.

Data show the distressed asset inventory is dwindling down simultaneously, opening the way to a sustainable housing recovery and gradually closing what appears to be a window of opportunity in short sales.