Technology

Lenders are increasingly using the courts to foreclose on delinquent homeowners in states where it's not required to reduce the risk of falling afoul of new protections.

The USDA's Rural Housing Service is seeking congressional approve for a lender-funded update to its loan-guarantee program that will speed up loan processing.

Freddie Mac will soon add another automated review on the appraisal reports it receives through the Uniform Collateral Data Portal.

Refinances last week made up the lowest portion of mortgage activity since July 2009, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ended April 4.

Disclosing loan-level data is crucial to rebuilding investor confidence in mortgage-backed securities. It also introduces the risk of compromising borrowers' personal information.

CoreLogic has agreed to add Equifax's the Work Number platform to Credco, its verification-of-employment service.

It took five years, but consumers finally are making their mortgage payments before credit card payments, according to recent analysis from TransUnion.

The National Association of Realtors estimates that the Federal Housing Administration's 1.35% annual premium stopped at least 125,000 renters from buying a home last year.

Despite a dramatic drop in loan volume, payroll reductions of 23,500 full-time employees since July appear relatively modest.

While distributed denial-of-service attacks typically crash systems with waves of invalid data requests, the manner in which Ellie Mae's technology was overwhelmed suggests the culprits were familiar with the mortgage business.