Technology

The upgrades of the master and primary servicer rating reflect the completion of Wells Fargo's Systems Process Integration project and subsequent operational improvements.

For the first time since April 2006, home builders view conditions for sales of newly built single-family homes as good, the National Association of Home Builders said.

Redfin said active listings are down 22% from a year ago, but this is likely to turnaround to a positive number before the end of the year.

Ellie Mae has a program called EllieCares, where they have corporate volunteer projects. Over the past four years more than 70% of Ellie Mae’s Bay Area staff has participated in company-affiliated volunteer efforts.

The New York Association of Mortgage Brokers recently convened its annual wholesale meeting where its leadership was heartened by the resurgence in wholesale.

The zigzag pattern of the stock market continued on Friday as 15 of 17 Mortgage Industry Equity Composite stocks closed lower.

Sales of California homes and condominiums rose 8% in May from the prior month, according to DataQuick.

The prevalence of short sales is likely the most significant factor impacting foreclosure rate improvements and the housing recovery.

The Orion Financial Group has introduced i3, a proprietary mortgage document imaging and storage services software for small to medium-sized investors.

Home prices in Texas have recovered from the housing downturn as they are now 7% above the pre-recession peak recorded in the fourth quarter of 2007.