Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory, thankfully, saw some decent growth last week. Purchase application data had a second straight week of declines. Here’s … Continue readingHousing Market Tracker: Mortgage rates over 7%
Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory, thankfully, saw some decent growth last week. Purchase application data had a second straight week of declines. Here’s … Continue readingHousing Market Tracker: Mortgage rates over 7%
The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. In January, a report from wire … Continue readingThe title industry’s latest cat-and-mouse game: seller impersonation fraud
The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. In January, a report from wire … Continue readingThe title industry’s latest cat-and-mouse game: seller impersonation fraud
New York State’s Department of Financial Services (DFS) announced this week that mortgage lender and servicer OneMain Financial will pay a $4.25 million penalty due to lapses in its cybersecurity controls by “failing to effectively manage third-party service provider risk, manage access privileges, and maintain … Continue readingOneMain Financial to pay $4.25 million to New York State over cybersecurity lapses
New York State’s Department of Financial Services (DFS) announced this week that mortgage lender and servicer OneMain Financial will pay a $4.25 million penalty due to lapses in its cybersecurity controls by “failing to effectively manage third-party service provider risk, manage access privileges, and maintain … Continue readingOneMain Financial to pay $4.25 million to New York State over cybersecurity lapses
Borrowers seeking mortgage financing to purchase a home could find themselves saving $100 a month or more by shopping around, and locating cheaper lenders with which to do business. This is according to a new blog post published this week by the Consumer Financial Protection … Continue readingBorrowers could save $100 a month or more by shopping around for mortgages: CFPB
Borrowers seeking mortgage financing to purchase a home could find themselves saving $100 a month or more by shopping around, and locating cheaper lenders with which to do business. This is according to a new blog post published this week by the Consumer Financial Protection … Continue readingBorrowers could save $100 a month or more by shopping around for mortgages: CFPB
Texas-based Colonial Savings, F.A. has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. The origination … Continue readingColonial Savings to exit mortgage origination business