Union Home Mortgage says it paid a ransomware gang to delete sensitive data they stole in a cyberattack last year. Processing Content The nonbank lender made the admission last month in federal court, part of a motion to dismiss a class action lawsuit from borrowers affected by the hack. The company also described how the […]
Union Home Mortgage says it paid ransom in data breach case Read More »
Foreclosures notably increased in 2025, but still remained well below prepandemic levels, according to Attom’s year-end foreclosure market report. Processing Content Foreclosure filings, default notices, scheduled auctions and bank repossessions, were reported on 367,460 properties in the United States last year, up 14% from 2024 and 3% from 2023, but still down 25% from 2019,
Foreclosure filings rose again in 2025, Attom finds Read More »
Trading levels in the bond market directly impact the rates that mortgage lenders can offer. This is why rates moved so much lower after last week’s news regarding planned purchases of $200bln in mortgage backed bonds. But bonds aren’t the only input for rates, and those other inputs can make for days like today where
Mortgage Rates Unchanged Despite Bond Market Improvement Read More »