To be fair, mortgage rates haven’t been far from their long-term highs in over a week, but today’s 30yr fixed index level of 6.83% is functionally equivalent to the actual long-term high of 6.85% seen on July 23rd.   Higher rates are driven by weakness in the bond market. The latter can happen for many reasons. […]

A California-based mortgage lender is facing a lawsuit after accusations it did not accurately pay employees for time worked. Processing Content San Diego labor law attorneys at Zakay Law Group filed a representative action complaint Monday in San Diego County Superior Court of the State of California against Hometown Equity Mortgage, which does business under

Five more mortgage lenders were hit with spam call lawsuits in the past few weeks, as more joined the lineup of defendant firms.  Processing Content The latest companies facing federal Telephone Consumer Protection Act complaints are Hartford Funding, Mortgage Pros, Mutual of Omaha, NEXA Lending and Tomo Mortgage. The cases all filed since July 16