Technology

The next four markets on the OwnAmerica list are in Texas.

A decline in the number of interest-only loan products available in the marketplace has contributed to the first drop in four months in the Mortgage Credit Availability Index.

Thirty-year conventional prepayment speeds got 22% slower than they were the previous month, including some declines in Home Affordable Refinance Program pools.

IBM has launched its Digital Loan Processing platform which integrates the core lending business process with mobile applications and analytics.

Between June 2012 and August 2013, the number of counties committing to e-recording increased by more than 25%.

The ability to expand markets while growing existing market share is ultimately based on how well new and updated technologies support compliance.

Nonbank mortgage lenders added 300 employees to their payrolls in July despite rising mortgage rates and falling refinancing activity.

Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002.

The 30-year fixed-rate mortgage averaged 4.57% for the week ending Sept. 5, up from 4.51% the previous week.

With interest rates rising and refinances tanking, a lot of lenders are searching for a bigger share of the home purchase market.