Technology

Fidelity’s title insurance business alone posted pretax earnings of $210 million, up from $138 million in 3Q11.

Bond prices are improving due to the federal government purchasing mortgage-backed securities, which keeps interest rates low.

Freddie Mac's third-quarter results suggest that the mortgage giant is living off the refi boom: in 3Q its secondary market acquisitions supported home purchases of 1.4 million units, but 5.6 million of refinancings.

In what may be bad news for mortgage lenders, 30% of all California home buyers paid for their property with cash.

The Federal Housing Finance Agency recognizes that Fannie Mae and Freddie Mac likely will be around for a few more years—and the only way to reduce their dominance is to raise guarantee fees while providing a secondary market execution for private securitizations.

Back in July the credit union beefed up its jumbo ARM lending, rolling out new products with introductory rates as low as 2.875%.

The value of mortgage servicing rights remain at historically low levels, creating one of the best buyer's markets in the history of the business.

One of its highlights was technology, data and analytics where revenue rose 11% to $192 million. Its EBITDA margin was 26.7%, up 460 basis points from last year.

It almost seems like old times again. Single-family housing starts spiked 11% in September from the prior month to the highest level since August 2008.

The government owned bank will fund jumbo mortgages through brokers and correspondents.