Technology

PennyMac is beginning to make a name for itself as a top ranked buyer of mortgages, including jumbos.

Despite the increase, LPS believes the overall trend is one of improved delinquencies, noting that late payments are still down 30% from January 2010.

Freddie Mac chief economist Frank Nothaft attributed the mixed-rate movements to a recent above-consensus employment report, and an upward revision in the prior two months of jobs data.

In its third quarter release PHH said it believes that retail production consistently delivers “high quality” loans.

After more than three years of regulatory requirements, some of which involved the implementation of technology, the moment that the origination industry has been waiting for has arrived.

Zillow CEO Spencer Rascoff said the company is focusing on a strategy of “building home-related marketplaces.”

Mortgage lead generation revenue grew by 27% over the third quarter of last year.

Surprises in the latest prepayment numbers include a notable surge in loans eligible for the Home Affordable Refinance Program.

Randy Gillis has been appointed the chair of the strategic planning committee for the Mortgage Industry Standards Maintenance Organization.

Despite the lack of any big acquisitions, Nationstar's servicing portfolio grew slightly, to $198 billion in serviced loans, on the back of increased originations and two GSE portfolio acquisitions.