Technology

He founded and owned Myers Internet Services, which at one time hosted over 8,500 websites for originators and real estate agents.

National home prices are continuing to rise from a year earlier, but the rate of growth is slowing down.

Industry veteran David Applegate will serve as CEO of Common Securitization Solutions LLC, the new firm co-owned by Fannie Mae and Freddie Mac to develop a common securitization platform for the mortgage secondary market.

During the past week, consumer and industry groups have lobbied the agency in different directions, with consumer groups arguing the agency did not go far enough and lenders saying it went too far in seeking more data from lenders.

Lenders could face tougher enforcement and higher penalties if they make errors on the new mortgage disclosure forms that are slated to go in effect next August.

In Las Vegas the house always wins and many in the industry were talking about the rising house values that are driving competitive purchase markets in some parts of the country.

A recent survey shows a very large number of mortgage lenders worry about loan quality and Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule compliance costs.

The mortgage software tech company Ellie Mae reported net earnings of $4.1 million for this past quarter on the strength of its loan origination system software.

Mortgage lenders need to pay attention because Americans are interacting with peer-based networks to make major purchasing decisions.

Technology companies such as Ellie Mae, which almost doubled its employees to 700 and saw its stock price reach a new high this year, are seizing an opportunity to transform how mortgages are made.