Technology

ServiceLink said that Kevin Coop has joined the company as executive vice president of enterprise strategy.

Federal Deposit Insurance Corp.-insured institutions originated $204.8 billion of single-family loans in the third quarter.

Chase reached out to Quicken regarding the source code of its origination software.

In their lawsuit, the funds claimed that the ratings agencies had misrepresented their independence from the banks that sold the mortgage backed securities.

Nationally, there were 58,000 completed foreclosures during October, down from 77,000 the prior month and 70,000 a year ago.

The acquisition will add more than 1,500 mortgage risk specialists to service provider MphasiS and help the company provide more intense mortgage risk analysis.

If residential lenders didn’t have enough to worry about they now have the “fiscal cliff” and the mortgage interest deduction to lose sleep over.

Fannie Mae reported forward commitments—a barometer of future activity—of $96.7 billion, the highest reading in over three years.

The biggest gainer among the top five was Quicken, a privately held nonbank controlled by businessman Dan Gilbert.

Lots of financial institutions use social media as a marketing and customer service tool, but few have figured out how to actually make money from it.