Technology

Mortgage portfolios of the country's largest lenders showed more signs of improvement during the second quarter despite an uptick in early delinquencies.

The votes have been counted and Mortgage Technology is pleased to announce the finalists for the 2013 Lenders’ Choice Mortgage Technology Award.

Mortgage purchases by Freddie Mac fell 15% from July to $36 billion in August, the lowest level since December.

Among other things, the technology suite provides a view of the loan pipeline, productivity stats and private-label branding.

Through the end of August, the U.S. loan delinquency rate—loans 30 or more days past due, but not in foreclosure—stands at 6.2%.

Some are technologically complicated while others are simple, easy and effective.

Optical character recognition used to “read” documents still has challenges when it comes to identifying data on forms, but these can be addressed.

LendingTree has created its own Credit Accessibility Report, which will measure the likelihood of borrowers gaining access to credit for home loans based on its own data.

Rising mortgage interest rates are undercutting a revival in the housing market and creating a drag on the economy.

New home sales staged a comeback in August as sales in the South rebounded by 14%.