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Mortgage rates are breaking higher — and things can get worse with Iran conflict

The Iran conflict finally pushed the 10-year yield above a key level on Friday morning and if this move sticks and the conflict escalates further, mortgage rates are at risk of heading much higher during the spring season, something that wasn’t the case even a few weeks ago. Even some doves at the Federal Reserve […]

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FinCEN anti-money laundering rule struck down in court

A federal judge in Texas has vacated the Financial Crimes Enforcement Network’s (FinCEN) nationwide anti-money laundering rule requiring title insurance companies to report details of millions of residential real estate transactions. U.S. District Judge Jeremy Kernodle of the Eastern District of Texas decided Thursday that FinCEN exceeded its statutory authority with the rule, which took

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Ex-employees accuse Stockton Mortgage of accessing personal emails

Two former loan officers have sued Stockton Mortgage Corp., alleging the company illegally accessed their personal email accounts and used private messages in separate litigation against them. Christopher Hoehn and Ashley Hoehn filed the complaint on Wednesday in the U.S. District Court for the Northern District of Alabama. They claim that Stockton and unidentified employees

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