Technology

Fannie Mae is getting closer to picking a technology vendor that could takeover large swaths of its processing chores.

Guarantors that are members of the Mortgage Insurance Cos. of America broke the $10 billion market in new policies written for July.

The average rate for a 30-year fixed rate mortgage fell four basis points during the week ending September 6 to 3.55%, according to new figures compiled by Freddie Mac.

Two nonbanks had the fastest servicing growth rates in the second quarter: Nationstar at 194%, and Provident Funding with 35%.

The nation’s top ranked servicers completed 66,000 proprietary loan modifications in July, a 40% jump from June -- evidence that the Attorneys General 'robo' settlement is having an effect.

The government-sponsored enterprises and compliance regulations have always driven market changes.

Ellie Mae COO Jonathan Corr discusses the future potential of self-service mortgage originations.

Investor guidelines are becoming an integral part of product and pricing tools.

The agency said lenders took in 79,300 applications for streamline refinancings during the month, which represents 44% of all FHA loan applications filed in July.

Simple messages communicated repeatedly over multiple mediums yield the most successful communication strategies.