CrossCountry Mortgage will pay nearly $2.1 million to a former employee over age discrimination claims after losing an appeal in late May. Cheryl Shephard, a former senior accountant at CCM, filed a lawsuit in 2022 alleging she was terminated from the role she had held since 2016 because of her age. She was 65 at […]
CrossCountry Mortgage to pay $2.1M in age bias case Read More »
Growth in loan products across the board in anticipation of the annual home purchase season pushed mortgage credit to its loosest in over two-and-a-half years, the Mortgage Bankers Association said. However, rate lock activity fell nearly 6% in May from April, as conforming mortgage rates rose over 16 basis points during the month, a separate
Mortgage credit offerings at loosest in over two years Read More »
Following a steady rise in filings in the first few months of the year on the heels of federal policy changes, total foreclosure numbers eased in May, even as a key metric continued trending upward. A foreclosure filing appeared in one out of every 4,009 U.S. properties last month, representing a total of 35,498 units
Foreclosures in May decrease after early-year surge Read More »