Technology

Bank servicers initiated more trial modification plans, and initiated fewer foreclosure actions in the fourth quarter than the previous one, according to a new report from the Comptroller of the Currency.

Among the next steps in the National Reverse Mortgage Lenders Association's Borrow With Confidence efforts will be a story-telling campaign, with seniors describing their experience with and benefits from the product, officials from the group said at its Eastern regional meeting in New York.

Although rates have been trending downward this week, new mortgage applications fell by almost 3% for the week ending March 23, according to new figures compiled by the Mortgage Bankers Association.

Community banks and thrifts are slowly increasing their originations of non-conforming mortgages, while pulling back on making FHA loans, according to a new study from the American Bankers Association.

Standard & Poor's said Tuesday that home prices fell in January for the fifth consecutive month, reaching a new low for the housing bust.

While facing continued pressure from its largest investor for a management shakeup, CoreLogic expects to benefit from continued mortgage refinancing activity, internal cost cutting and the introduction of new products.

Freddie Mac purchased $37.6 billion of residential loans from its seller/servicers in February, a 10% increase from the prior month, and a sign perhaps that Bank of America's recent decision to quit Fannie Mae is helping Freddie.

For smaller companies, social media is a marketing equalizer versus larger competition. The question has been are they taking advantage of it and the follow up is if they are, are they doing it effectively?

Contracts to purchase previously owned homes eased by half a point in February on a sequential basis, but rose 9% compared to the same month last year, according to new figures released by the National Association of Realtors.

Who says a consumer with a low FICO score can't get a mortgage? A recent survey conducted by National Mortgage News found five lenders that are willing to extend credit to borrowers with FICOs of 600 or less. The three lenders with the lowest FICO scores include TD Banknorth Mortgage, Embrace Home Loans, and Compass Bank.