Technology

Regulators have begun a push to significantly limit, and in some cases completely eliminate, the use of automated valuation tools in property valuation efforts.

Single-family housing starts in June came in at a seasonally adjusted rate of 591,000, about 0.8% below the revised May figure of 596,000.

Overall, revenue for Bank of America increased 3% on yearly basis from $22.2 billion in 2012 to $22.9 billion in 2Q13.

The market share of refinance applications fell to their lowest percentage since April 2011, the Mortgage Bankers Association said.

Mortgage Master also revealed other figures showing its average production per loan officer during the first half was $16 million.

You need to be able to deal with an unexpected temporary shutdown of operations.

Zillow Mortgage Marketplace said the 30-year fixed mortgage rate fell 15 basis points from a week earlier and is currently 4.26%.

The latest monthly numbers released by Hope Now servicer alliance show 74,000 modifications completed under both the Home Affordable Modification Program.

The median list price of a home for sale increased 0.45% in June from May and by 5.27% over June 2012.

The long-anticipated collapse in mortgage applications, finally a reality, stands to take a bite out of bank earnings in the second quarter and beyond.