Technology

When it comes to certain things in the default industry, many folks seem to equate “leading edge” with anything paperless. Nowhere is this more true than in REO invoicing.

Negative equity in the third quarter experienced the largest quarter-over-quarter decline since the first three months of 2011.

The Government National Mortgage Association has loss reserves of roughly $357 million.

Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the nation.

Navy Federal Credit Union said it funded $1 billion of residential loans in October, a record for the company.

The median price of a home sold was $178,600 in October, up 11% from a year ago.

Our annual Mortgage Technology Conference is returning to Collins Avenue next week after a few years on the road.

An effective date for the Internal Revenue Service’s acceptance of electronic signatures on the 4506-T forms that used to check the integrity of borrowers’ submitted tax information has been set for Jan. 7.

However, the third-quarter production results are notable for one other reason: some table funders are showing a huge increase in business, while others are experiencing a sizeable decline.

In the third quarter Stearns Lending funded $3.1 billion of home mortgages, an 88% improvement over the past 12 months.