Technology

The Eleventh Federal Home Loan District Cost of Funds Index was virtually flat in July compared with June at 0.954%.

Commitments to purchase new mortgages fell 16% from June to $62.4 billion in July—the lowest level since April 2012.

Nationally, house prices jumped 1.8% in July from the prior month, according to the CoreLogic house price index.

Pricing engines have moved from a tool to help sell loans to a “compliance-ready tool” for use by originators.

Today, borrowers can close loans whenever and wherever their schedule permits, thanks to mobile notaries.

Census Bureau data shows that builders started 19,000 single-family attached houses in the quarter, up from 18,000 for the April-May-June period in 2012.

For the second quarter of 2013, total title insurance premiums written were $3.34 billion, compared with $2.77 billion in 2Q12.

U.S. residential properties sold at an estimated annualized pace of 5.5 million in July, which is up 11% from last year.

Approximately 12.2 million homeowners with a mortgage were in negative equity at the end of the second quarter.

There was a 10 basis point decrease in the price of whole loans securing commercial mortgage-backed securities in July.