Technology

A slowdown has started to take place for home values through the first quarter of 2013.

First-quarter cumulative defaults for fixed-rate commercial mortgage-backed securities were up 18 basis points from the end of 2012 at 13.6%.

As housing markets continue to stabilize across the country with rising home prices and inventories shrinking in these cities, this ultimately leads to the possibility for a higher potential of mortgage fraud.

Lender Processing Services had net income of $54 million in 1Q13, a 13% increase over the $47 million earned in the same quarter last year, even though revenue decreased 3% between the two periods. In 4Q12, when it settled some of the legal matters, LPS earned $2.8 million.

CoreLogic reported in its first-quarter results that it had acquired Case-Shiller from Fiserv back on March 20 for $6 million.

Wells Fargo released an update to its mobile applications to give borrowers the ability to manage their mortgage accounts from their mobile devices.

Mortgage insurer MGIC ended Wednesday with the largest percentage gain among stocks in this publication’s Mortgage Industry Equity Composite.

After insulting plumbers for a couple of weeks, I experienced a bit of karmic justice when I arrived home from my last round of travel.

It is a matter of preparing and motivating loan officers, both retail and wholesale.

National Mortgage Insurance Corp. has started issuing commitments, becoming the sixth active private mortgage insurer in operation.