Technology

Higher repurchase demands trimmed Wells Fargo’s take from its mortgage banking unit in the second quarter, but net profit gains from residential lending and loan sales rose a stunning 200% from the same period a year ago.

As California goes, so goes the nation? Let’s hope not, at least as to legislation that will make California the first state in the nation to codify provisions of the national mortgage settlement.

The delinquent loan inventory at Mortgage Guaranty Insurance Corp. fell by less than 1,000 loans during June, as there were 154,973 loans in the inventory at the start of the month and MGIC received 11,200 new notices of delinquency in June.

Foreclosure activity fell 8% in the second quarter from a year ago due to a decline in bank repossessions, according to RealtyTrac’s midyear foreclosure market report.

The credit-score company VantageScore Solutions, which beat an antitrust lawsuit last year, is taking precautions to avoid repeating the experience.

A new tool for originators to help them get the most out of their social media marketing efforts.

Lawmakers and financial market participants sparred Tuesday over the economic and other impacts of the Dodd-Frank law, as well as the resulting Volcker Rule and potential new money market fund rules.

The causes of the mortgage meltdown were widespread. Repeatedly identifying one group, like brokers, may be politically expedient, but it isn’t honest.

The American Bankers Association has renewed its secondary market relationship with Freddie Mac.

A true bottom has formed under house prices but that assumption could be challenged later this year as the share of distressed sales once again outpaces home sales during the fall and winter months.