Mortgage rates climb to highest level since August

US mortgage rates increased last week to the highest since August, restraining home-purchase activity and prompting a sharp pullback in refinancing. Processing Content The contract rate on a 30-year mortgage rose 9 basis points to 6.65% in the week ended May 22, according to Mortgage Bankers Association data released Wednesday. Since the start of the […]

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Nationwide files trademark suit against mortgage lender

One of the nation’s largest insurers is suing a Long Island-based lender for copyright infringement, suggesting the shop has profited off its similar brand.  Processing Content Nationwide filed the lawsuit against Nationwide Mortgage Bankers last week in an Ohio federal court, claiming that the lender’s misuse has cost the industry giant “unquantifiable” damages. The insurer,

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