Technology

Lender Processing Services has reached a settlement with the Delaware attorney general related to the state’s investigation of robo-signing practices by the company’s subsidiary DocX.

Single-family construction had its best month in four years and builders are feeling optimistic about their prospects, despite tight mortgage credit.

Fannie Mae/Freddie Mac servicers refinanced 26,950 mortgages with loan-to-value ratios above 125% in August, compared to 26,650 in July.

Bank of America lost money on mortgage banking in the third quarter but only because of charges tied to its legacy business.

Davis + Henderson Corp. named former board member William Neville as president of D+H USA and head of the company’s U.S.-based Mortgagebot operation.

PNC Financial Services Group said earnings from its mortgage banking business rebounded in the third quarter due to higher single-family originations and much lower provisioning for mortgage repurchase demands.

Mortgages backed by the Veterans Administration are on a tear.

Citigroup reported net servicing and gain-on-sale revenue of $684 million in the third quarter—more than triple what it did a year ago.

No one imagined we would have so much government intervention or that losses and foreclosures would hit such unbelievably high levels.

Thanks to the revised FHA Streamline program, GNMA issuance increased 11% in fiscal year 2012.