Technology

They need to know about things like data security, cash flow management and business credit.

There is a post on the Mortgage Grapevine by someone looking for help with Fannie Mae’s Desktop Originator.

Almost 36% of all U.S. new homes sold in May weren’t yet under construction, close to a seven-year high and signaling sustained strength in homebuilding as companies try to catch up.

Home prices increased over 12% in May over the same month last year, the largest increase in the CoreLogic Home Price Index since February 2006.

Spending on the construction of new single-family homes edged up 0.4% in May as housing starts slowed in May and April.

Any time there are regulatory changes there is a direct and significant impact on the technology required by originators and servicers to conduct daily business.

The Eleventh Federal Home Loan District Cost of Funds Index set a new record low in May at 0.951%, a 29 basis point decline from April.

Besides DataQuick Information Systems, CoreLogic is buying the credit and flood services operations from DataQuick Lender Solutions.

More than 85% of Redfin’s real estate agents said now is a good time for homeowners to sell, up from 82% in the first quarter, but only 46% said it was a good time to buy, down from 57%.

When Wolters Kluwer asked bankers recently which regulatory concerns keep them up at night, 46% said "regulatory reform"—referring to new rules stemming from the Dodd-Frank Act and the Consumer Financial Protection Bureau.