Technology

The distressed mortgage market and demand for default-servicing technology is not ebbing away any time soon. Before that happens, vendors are busy beefing up their strategic resources.

With more activity and more investor interest in the nonperforming loan market recently, it's a good idea to know what steps should be taken to protect your interests when buying or selling these assets.

If there is anything all players in the reverse mortgage lending arena agree upon—trade group, regulator and consumer advocate—is the need for more education about this product, especially if it starts getting the market share that has been long predicted.

Fidelity National Financial’s ServiceLink division acquired DRI Management Systems, while simultaneously rebranding DRI’s default servicing workflow platform.

Printing and marketing materials provider Taylor Corp. will enter the mortgage industry with its acquisition of servicing documentation provider Venture Encoding.

Clear Capital said the majority of the top 50 metropolitan markets made positive strides in June as only seven cities saw prices fall on a quarterly basis.

First Tennessee Bank, Memphis, ended June with $2.7 billion of warehouse lending commitments on its books, an all-time high for the bank.

As part of its June national housing survey, Fannie Mae found that 35% of consumers expect home values to increase over the coming 12 months.

FHA lenders originated $78.2 billion of purchase mortgages during the first eight months of the current fiscal year, down from $86.3 billion during the same period in FY 2011.

Mortgage rates spiked briefly as the first quarter came to a close, raising the prospect that a rebound in refinancings originating in the fourth quarter would peter out.