Technology

If you're looking for the missing piece to the mortgage "deconsolidation" equation, its name is Wells Fargo. Never before in the annals of residential finance has one company amassed such an enormous market share in lending (27%) and servicing (20%).

Jim Blatt, CEO of St. Louis-based marketing technology provider Mortgage Returns, discusses the efficiency and compliance gains of customer relationship management technology.

New single-family home sales fell 1.6% in February to a seasonally adjusted annualized rate of 313,000 units, but prices jumped to their highest level in eight months, according to government figures released Friday morning.

Loan origination systems have in many cases largely been striving to keep up with inordinate demands for functionality during a time when resources are scarce by finding partners to help them extend their abilities.

Mortgage bankers issued $28 billion of Government National Mortgage Association MBS in February, down 7% from the prior month, according to new figures released Thursday.

The latest round of vendor consolidation in the LOS sector saw three mortgage technology heavy hitters acquire competing or complementary software developers in a series of moves that shook up the landscape of origination technology.

As Chris Larsen steps aside as Prosper Marketplace Inc.'s chief executive, the company — and the rest of the peer-to-peer lending industry Larsen helped create — has the opportunity to change its course and possibly even merge with one of the very banks it originally sought to displace.

Sales of existing homes slipped 1% in February from the prior month on a seasonally adjusted basis, but rose 10% on a non-adjusted basis, according to new sales figures released Wednesday morning.

It would appear that rising interest rates are starting to affect new mortgage applications.

A listing agent gets assigned a bank-owned listing in a great neighborhood. A week or two passes while the bank's asset manager determines a list price. Meanwhile, the listing agent fields telephone calls from prospective purchasers and other agents.