First, the bad news: mortgage rates ended the day just a hair higher compared to Thursday, but the change was so small that many borrowers will see little–if any–difference in pricing. Now the good news: apart from yesterday afternoon, today’s rates would still be the lowest in 4 weeks (i.e. you’d have to go back […]
Mortgage Rates Slightly Higher to End The Week Read More »
Academy Mortgage agreed to a consent order with California regulators that penalizes the lender and finds fault with its information technology procedures and oversight, which allegedly contributed to a 2023 data breach. Processing Content In resolving the case, Academy Mortgage, which has ceased all origination and servicing activity, agreed to pay $825,000 to the state’s
California penalizes Academy Mortgage over 2023 data breach Read More »
United Wholesale Mortgage investors are accusing the company and its leaders of securities fraud over their public statements, or lack of, regarding the lender’s ill-fated hedge. Processing Content Shareholder Doug Bond filed a class action lawsuit against UWM Holdings Thursday in a Michigan federal court, seeking to cover investors who bought the company’s securities between
UWM sued for allegedly misleading investors on hedge strategy Read More »