Gateway Mortgage has selected Fiserv's LoanServ platform to handle its mortgage servicing technology needs, Fiserv announced. lending solutions at Fiserv.

The number of days a property spends in delinquency status prior to foreclosure is relatively similar across all states. However, once a property enters foreclosure, the number of days it spends making its way through the foreclosure process and back to market varies drastically with the key determinant being whether a state is a judicial or nonjudicial state, according to information presented at Distressed Residential Real Estate: Dimensions, Impacts, and Remedies, a conference hosted by the Federal Reserve Bank of New York and the Rockefeller Institute of Government held in the fall.

With July approaching its last week, economists at Fannie Mae are maintaining their forecast for greater economic growth in the second half of 2013. In its latest Economic and Housing Outlook, Fannie Mae's Economic and Strategic Research Group points to steady year-to-date job creation, high consumer confidence, and positive housing data as proof the economy is on a positive, though modest, growth path.

Representative John Campbell (R-CA) reintroduced a bill last week to limit potential harm to taxpayers and retirees if city and county governments were to use the power of eminent domain to take over underwater mortgages. To protect taxpayers, the bill proposes to prevent the GSEs from purchasing mortgage loans originating in counties that applied eminent domain to seize underwater mortgages within the past 10 years.

Current homeowners are playing a bigger role as housing market participants amid a sharp slowdown in investor activity, according to data from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Last month, current homeowners represented 44.6 percent of the purchase market, up from 43.8 percent in May based on a three-month moving average. As rising home prices discourage investors, HousePulse found home purchases from investors slipped to 19.7 percent.

The rate of performing borrowers who rolled into delinquency status decreased in the second quarter, Fitch Ratings reported Monday. New delinquency roll rates showed stronger performance across all categories (subprime, Alta-A, and prime), with non-agency roll rates hitting their lowest level since early 2007. Overall, Fitch's delinquency roll rate index fell to 2 percent in the second quarter of this year, down from 2.4 percent in the previous quarter and down from 2.2 percent a year ago.

Existing-home sales fell 1.2 percent in June to an annual sales rate of 5.08 million as the price of a single-family home rose 13.5 percent from a year earlier--the strongest year-over-year gain since November 2005, the National Association of Realtors reported Monday. Economists surveyed by Bloomberg expected existing-home sales to jump to 5.27 million from May's originally reported sales pace of 5.18 million. The median price of an existing home rose $11,100 or 5.5 percent for the month to $214,200, the highest price since June 2008.

The nation's home builders celebrated Tuesday with the release of July's Housing Market Index, which showed a six-point jump in the measure of builder confidence on the heels of a seven-point jump one month earlier. In the last three months, confidence--as measured by the index--is up 16 points, or almost 40 percent. With giddy numbers like these, one would think builders would rush to break ground--or at least file the paperwork to do so, but they're not.

A large percentage of appraisers are confident their future is bound to look brighter, according to a recent survey from the Appraisal Institute. Among the residential appraisers surveyed, 80 percent said their business outlook is either ""somewhat"" or ""very"" positive for the next one or two years, while 78 percent of commercial appraisers said the same. Additionally, 86 percent of residential appraisers and 55 percent of commercial appraisers said demand for their services is strong.

CoreLogic, a provider of property information, analytics and services, announced the acquisition of Bank of America's flood zone determination and tax processing services assets and operating platforms. The Irvine, California-based company also announced it has entered into a services agreement to continue to provide the related services to Bank of America.