Technology

Bank of America, JPMorgan Chase, and three other residential servicers agreed to pay $25 million to New York State to resolve certain monetary claims over the use of the MERS database after reaching a $25 billion national settlement on robo-signing charges.

The National Council on Aging has created a new website, http://www.HomeEquityAdvisor.org, to help older adults make informed decisions regarding using their home as a tool to help finance their retirement lifestyle.

Don't count the mortgage brokerage sector out quite yet. Brokers captured 11.4% of the origination market in the fourth quarter, the highest market share reading since the third quarter of 2010, according to exclusive survey figures compiled by National Mortgage News and the Quarterly Data Report.

While home values continue to fall nationwide, rental rates are soaring in many Metropolitan Statistical Areas, according to Zillow’s latest real estate market report.

The never ending refinancing boom appears to be slowing with applications continuing to fall -- but not by much.

A lawsuit filed by the county register of deeds in Guilford County, N.C. Tuesday claims mortgage documents in its records were 'robo-signed' in the name of Mortgage Electronic Registration Systems Inc. and wants a court to appoint a "Special Master" to determine which documents are fraudulent and require servicers to refile documents.

• Online Origination Tech• Software as a Service• Software Pricing Trends• Q&A with eLynx CEO

Even as plans are announced for a 25th new condominium tower in Hollywood, 4,300 units leftover from the previous condo boom in South Florida remain unsold, according to a new report from the CondoVultures consulting firm.

How much lower would new home sales volumes have been without Uncle Sam's housing finance programs?

Now is the time for servicers to plan ahead with built-in systems that are going to ensure loans are in compliance, because auditors today need proof ahead of conjecture that loans meet rapidly evolving standards.