Technology

The patent positions the company to “own” parts of the technology that help calculate required mortgage fee disclosures.

The Eleventh Federal Home Loan District Cost of Funds Index increased seven basis points between November and December to 1.071%.

The inventory of foreclosed properties is approximately 20% less than a year ago as fewer foreclosures were completed during the last month of 2012.

Mortgage companies added 29,000 new hires to their payrolls in 2012, including 2,900 full-time employees in the month of December alone.

PulteGroup said fourth-quarter profit quadrupled as the homebuilder’s sales increased amid a U.S. real estate revival.

CoreLogic predicts the mortgage industry will originate between $1.45 trillion and $1.55 trillion this year.

There are more than 1 million fewer consumers nationwide whose credit scores are considered subprime as of Sept. 30, 2012 from the same day one year prior.

At least 2% of 2012 loans would be considered non-QM loans under the final qualified mortgage rule that the Consumer Financial Protection Bureau issued on Jan. 10.

FloodInsights is now offering lenders and others a sinkhole search report for Florida properties.

As the mortgage market increases the use of upfront automated audits to comply with regulation, homeowners are being offered the opportunity to review whether lenders and servicers are up to the task.