Technology

It is a sign of both the tough economy and the changing regulatory environment for mortgage servicers that they are upgrading the technologies they use to manage mortgage defaults.

We're hearing that the Chinese military may be responsible for attempts to hack into the databases of U.S. corporations, which is starting to rattle some cages in the financial industry, including lenders.

VantageScore Solutions has reconstructed its credit scoring model both to aid lender implementation and consumer understanding.

Real estate information provider DataQuick has introduced a new set of portfolio analytics.

Commercial and multifamily debt outstanding increased nearly $30 billion during 2012, with a 4Q12 increase of nearly $22 billion, the Mortgage Bankers Association said.

Technology Credit Union has increased its lending limits on super jumbo loans up to $8 million on ARMs and $3 million on fixed-rate mortgages.

Federal Reserve Gov. Elizabeth Duke said the improving housing market shows that the central bank’s $85 billion in monthly purchases are working to boost the economy.

C3 Compliance Consultants Inc. and industry vendor ComplianceEase have agreed to a joint marketing arrangement.

2013 is the year the housing market will see even stronger recovery.