Technology

The Consumer Financial Protection Bureau unveiled a new pilot program on Wednesday designed to allow consumers the ability to electronically review and file mortgage closing documents.

LRES has updated its DirectConnect platform designed to accelerate the valuation ordering process.

Flagstar Bancorp reported a significant first-quarter loss as its loan-loss provision more than quintupled.

MGIC Investment Corp., the No. 3 U.S. mortgage insurer, rallied after posting its largest profit since 2007, helping ease concerns that slowing home lending would weigh on results.

Mortgage applications fell for the fourth time in five weeks as fewer Americans made home purchases or refinanced their properties as borrowing costs rose.

With an increasing industry and regulatory emphasis on streamlined communication with borrowers, servicers should evaluate every opportunity to build efficiencies into their processes.

A new survey provides further evidence that continuing declines in mortgage origination volume have motivated lenders to ease credit standards.

Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.

Regulator Benjamin Lawsky is concerned that Hubzu, a website run by Ocwen's Alitsource affiliate, charges inflated fees "through conflicted business relationships" at the expense of mortgage investors and strapped homeowners.

Real estate executives are looking for ways to motivate reluctant buyers who don't want to give up their current low mortgage rates.