Technology

County recorders in New Jersey will now be required to accept electronic documents, following the recent enactment of a bill to modernize the land recording process.

commercial real estate exposure was the main reason why bank loans failed in January. Nonperforming loans for commercial real estate comprised $363.5 million of the total $487.7 million for the failed banks.

Loan originations on income producing properties will rise 17% this year to nearly $230 billion, the Mortgage Bankers Association is projecting in its first-ever non-residential lending forecast.

David Zugheri, founder of Houston-based Envoy Mortgage discusses preparing for the Uniform Mortgage Data Program.

David Zugheri, founder of Houston-based Envoy Mortgage discusses his bank’s approach to technology adoption.

Driven by large increases in multifamily and industrial production, commercial loan originations rose 13% year-over-year in the fourth quarter of 2011, according to the Mortgage Bankers Association.

After three months of home price stability, Clear Capital revealed dim news for the housing industry through the end of January. Home prices on a year-over-year basis decreased by 2.6% through January, slightly worse than the 2.1% value drop experienced in December.

Richard Cordray extended an olive branch to the banking industry last week when he said the Consumer Financial Protection Bureau would support legislation to protect data that institutions provide during exams.

Wells Fargo is not only the country's largest originator of home loans. It's also the largest servicer of commercial and multi-family mortgages.

Wholesale lending is back! OK, not exactly. Citigroup announced its exit from the channel this past week and some trade journals - not knowing their stuff - seemed to think it was the biggest story since the Hindenburg disaster. Wholesale only accounted for 9% of Citi's production.