Technology

Our annual Mortgage Technology Conference is returning to Collins Avenue next week after a few years on the road.

An effective date for the Internal Revenue Service’s acceptance of electronic signatures on the 4506-T forms that used to check the integrity of borrowers’ submitted tax information has been set for Jan. 7.

However, the third-quarter production results are notable for one other reason: some table funders are showing a huge increase in business, while others are experiencing a sizeable decline.

In the third quarter Stearns Lending funded $3.1 billion of home mortgages, an 88% improvement over the past 12 months.

In October closed transactions increased 17.8% over October 2011, while the median home price rose 2.1%.

California home sales were at their highest level since May for the month of October.

Underwater mortgagors may be declining -- or so the HUD secretary tells us.

First Niagara is scheduled to open a processing center next month in Syracuse.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.