Technology

In October closed transactions increased 17.8% over October 2011, while the median home price rose 2.1%.

California home sales were at their highest level since May for the month of October.

Underwater mortgagors may be declining -- or so the HUD secretary tells us.

First Niagara is scheduled to open a processing center next month in Syracuse.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.

Fannie Mae and Freddie Mac are turning into cash machines. But who will get that cash?

The Mortgage Bankers Association reported that all FHA loans—FRMs and ARMs alike—had a delinquency rate of 11.14% at Sept. 30 compared to 11.89% in June and 12.09% a year ago.

Overall, consumers gave the industry an average score of 761 (on a 1,000-point scale) in 2012, up from 747 in 2011.

Origination volumes declined 7% from a year earlier and 17% from the second quarter.