Technology

A new tool checks Department of Defense records to verify whether defaulted mortgage borrowers are actively serving in the military, providing a regulatory compliance check for servicers while staying within the confines of department policies.

FICO launched an analytic advance that substantially improves lenders’ ability to identify borrowers at risk of strategic default on mortgages.

Calyx Software says it has resolved an issue with its point of sale software that was causing some entries on the Good Faith Estimate disclosure document to disappear.

The head of a county land registry in Massachusetts is requesting his office close its deposit account with Bank of America in protest of the bank’s affiliation with MERSCorp Inc., which runs the Mortgage Electronic Registry System.

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The initial public offering registration papers that online real estate and mortgage search company Zillow filed with the Securities and Exchange Commission Monday revealed five resolved or ongoing legal complaints since Oct. 2009—all patent infringement claims against the Seattle-based company.

Auction.com plans to put out for bid at least two commercial real estate loan packages per month for the next three months totaling more than $1.86 billion.

Real estate listing and mortgage rate search website company Zillow registered with the Securities and Exchange Commission Monday, seeking to raise $51.75 million from the initial public offering of its common stock.

To many in the industry, federal regulators just gave Mortgage Electronic Registration Systems a big stamp of approval.

CoreLogic paid $75.8 million on Monday to repurchase 4 million shares of its common stock from its former parent company, First American Financial Corp., according to Securities and Exchange Commission disclosures.