Technology

September marks the eighth consecutive month where home prices improved on a year-over-year basis.

In building its first nonconforming MBS, Shellpoint will welcome mortgages facilitated by loan brokers and correspondents.

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.