Technology

Loan servicing systems may not make julienne fries but they can bring profitability to mortgage bankers and depositories that make the switch from selling whole loans to retained servicing.

Redfin’s July Bidding War Report found that competition on homes for sale fell to 63.3% of listings with more than one offer in July from 68.6% in June.

The previously announced, all-cash transaction was financed through a combination of convertible debentures, equity and debt.

Ellie Mae could still reward shareholders with a 26% gain after surging to a record last week.

Barry Habib, chief market strategist for Residential Finance, explains the results from the latest National Association of Home Builders Housing Market Index, which was released at 59, stronger than expectations of 56.

The number of U.S. properties filing for foreclosure inched up 2% from the 78-month low in June, but were still down 32% compared to a year ago.

Creating an educated consumer by providing interactive tools geared at people of all the differing experience levels.

Mortgages, the largest component of household debt, fell $91 billion on a quarterly basis and now stand at $7.84 trillion.

Foreclosure starts fell noticeably in the second quarter from the previous quarter and the number of loan modifications fell to their lowest level since last summer.

Quality Mortgage Services is offering a tool mortgage banks can use to comply with a new Fannie Mae requirement.