Technology

LendingTree said from January to May, the proportion of borrowers who refinance into a 30-year fixed-rate mortgage has increased by 5% on a year-over-year basis.

LemonDrop, a networking group for women mortgage industry professionals, held a reception at the Arizona Biltmore Hotel in Phoenix during the Mortgage Bankers Association’s technology conference in April.

Just days after predicting that this year’s mortgage originations would fall to their lowest level in volume since 2007, the Mortgage Bankers Association is changing its tune—singing at a higher note.

The Federal Reserve Board is using YouTube to try to reach more borrowers who may be eligible to have their foreclosure files reviewed as part of consent agreements with the 14 largest mortgage servicers.

The news that the Federal Housing Administration is going to rev up its pilot distressed asset sale program is just another indication that this market is ready to boom.

Loan origination system vendor Mortgage Builder said it will acquire GCC Servicing Systems, the mortgage servicing technology vendor that it was spun off from in 1998.

Mortgage firms that use the correspondent and wholesale channels to fund loans experienced strong growth in the first quarter, according to preliminary survey information being compiled by National Mortgage News and the Quarterly Data Report.

In a buyer’s market, the smallest of processing hiccups can cause a lender to lose a potential borrower, which is why lenders place a premium on developing new digital delivery strategies.

With all the complexities involved in the management of distressed real estate assets, Wingspan Portfolio Advisors president Steven Horne said his company finds a literal overview of all of them is useful in drawing up strategies for handling the work.

Home prices rose 1.8% in March on a sequential basis and 0.6% during the first quarter, according to an index created by the Federal Housing Finance Agency.