Technology

The loan limit on VA-guaranteed loans is slated to move up to $729,750 again, staying there for two years now that House of Representatives has passed a Veterans benefits bill.

According to figures compiled by the Mortgage Bankers Association, refi applications accounted for 81% of all new business for the week ending July 27.

Servicers completed 60,000 foreclosures in June, which is the same amount from the previous month but down 24% from last year.

Wells Fargo Home Mortgage is embracing residential reforms mandated by the new national servicing standards, regulatory consent orders and the Dodd-Frank Act.

The S&P Case-Shiller house price index climbed 2.2% in May after a 1.8% increase in April.

The Census Bureau reported that the number of the owner-occupied homes rose by 126,000 units in the second quarter after falling by 490,000 units in the first quarter.

Ellie Mae has upgraded its Encompass360 loan origination system with new features to increase compliance and efficiency.

Optimism from Trepp analysts that commercial MBS delinquency rates might improve in the second half of 2012 did not occur in July as expected.

Roughly 2.7 million California households – homeowners and renters – pay at least half their income for housing.

According to bank earnings reports of the past few weeks, residential fundings are on a tear—with the anticipation that application volumes will continue to hold steady or increase.