Technology

Mortgage bankers issued $28 billion of Government National Mortgage Association MBS in February, down 7% from the prior month, according to new figures released Thursday.

The latest round of vendor consolidation in the LOS sector saw three mortgage technology heavy hitters acquire competing or complementary software developers in a series of moves that shook up the landscape of origination technology.

As Chris Larsen steps aside as Prosper Marketplace Inc.'s chief executive, the company — and the rest of the peer-to-peer lending industry Larsen helped create — has the opportunity to change its course and possibly even merge with one of the very banks it originally sought to displace.

Sales of existing homes slipped 1% in February from the prior month on a seasonally adjusted basis, but rose 10% on a non-adjusted basis, according to new sales figures released Wednesday morning.

It would appear that rising interest rates are starting to affect new mortgage applications.

A listing agent gets assigned a bank-owned listing in a great neighborhood. A week or two passes while the bank's asset manager determines a list price. Meanwhile, the listing agent fields telephone calls from prospective purchasers and other agents.

Fannie Mae and Freddie Mac finally gave lenders the green light on Monday that their automated underwriting systems are ready to process HARP 2.0 loans.

Builders pulled back on the construction of single-family homes in February but forged ahead with multifamily starts, according to new government figures released Tuesday morning.

As more submissions come in for our Top 150 Originator list, preliminary data shows we have a new leading producer for 2011. He is Eric Magee of Union Bank, with total volume of $234 million.

Declining mortgage rates during the fourth quarter fired up refinancings of high LTV loans guaranteed by Fannie Mae and Freddie Mac, according to new Home Affordable Refinancing Program figures released Monday afternoon.