Technology

Surprises in the latest prepayment numbers include a notable surge in loans eligible for the Home Affordable Refinance Program.

Randy Gillis has been appointed the chair of the strategic planning committee for the Mortgage Industry Standards Maintenance Organization.

Despite the lack of any big acquisitions, Nationstar's servicing portfolio grew slightly, to $198 billion in serviced loans, on the back of increased originations and two GSE portfolio acquisitions.

Fidelity’s title insurance business alone posted pretax earnings of $210 million, up from $138 million in 3Q11.

Bond prices are improving due to the federal government purchasing mortgage-backed securities, which keeps interest rates low.

Freddie Mac's third-quarter results suggest that the mortgage giant is living off the refi boom: in 3Q its secondary market acquisitions supported home purchases of 1.4 million units, but 5.6 million of refinancings.

In what may be bad news for mortgage lenders, 30% of all California home buyers paid for their property with cash.

The Federal Housing Finance Agency recognizes that Fannie Mae and Freddie Mac likely will be around for a few more years—and the only way to reduce their dominance is to raise guarantee fees while providing a secondary market execution for private securitizations.

Back in July the credit union beefed up its jumbo ARM lending, rolling out new products with introductory rates as low as 2.875%.

The value of mortgage servicing rights remain at historically low levels, creating one of the best buyer's markets in the history of the business.