Technology

In almost two-thirds of metropolitans throughout the country, buying a home is a better financial decision than renting for consumers who plan to live in the property for at least three years.

Signs of stronger consumer spending pushed rate-indicative bond yields and primary market mortgage rates higher on average during the week ending May 16.

Single-family housing starts in April fell 2.1% from the prior month, while multifamily starts plummeted 38%.

Through the first quarter, foreclosure starts fell 27% year-over-year while single-family building permits were up by 27%, according to data obtained by RealtyTrac from the Department of Housing and Urban Development.

As players in the business have adjusted their holdings, interest in outsourcing services and technology has picked up.

Confidence among U.S. homebuilders improved in May for the first time in five months as buyers rush to take advantage of near record-low mortgage rates.

April home sales for Southern California sold at the fastest pace in seven years due to high levels of investor purchases and a strong demand for move-up housing units.

Fannie Mae is carrying its big stick once again and this time servicers and others in the mortgage industry had better be ready to duck.

Lender Processing Services has launched its Workout Interaction Tool.

Ancillary service providers are looking to help their mortgage origination clients with strategies for them to improve their volume going forward in 2013.