Technology

There are more than 1 million fewer consumers nationwide whose credit scores are considered subprime as of Sept. 30, 2012 from the same day one year prior.

At least 2% of 2012 loans would be considered non-QM loans under the final qualified mortgage rule that the Consumer Financial Protection Bureau issued on Jan. 10.

FloodInsights is now offering lenders and others a sinkhole search report for Florida properties.

As the mortgage market increases the use of upfront automated audits to comply with regulation, homeowners are being offered the opportunity to review whether lenders and servicers are up to the task.

We're hearing the unlikely duo of counseling and technology may be useful in reducing lender costs in the light of the qualified mortgage.

Mortgage lenders reported receiving fewer loan applications compared with the previous week, as the Mortgage Bankers Association’s seasonally adjusted application index was down 8.1% for the week ended Jan. 25.

Government-approved lenders issued nearly $395 billion in Ginnie Mae MBS in calendar year 2012, up 20% from the prior year.

The relationship between appraisers and lenders can be counterproductive and costly if appraisers end up working with the wrong appraisal management company.

The top executive at one industry vendor believes a combination of regulatory and technology trends will cause sales use of mobile devices to surge in 2013.

The housing market ended 2012 with the lowest number of vacant homes for sale since 2005.