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A performance measure for Federal Housing Administration-insured loans improved markedly in the past month, according to the latest numbers from Intercontinental Exchange’s mortgage technology unit. Processing Content New FHA defaults were down 15% over the previous year’s levels in June, marking the biggest decline in more than four years and potentially giving servicers more bandwidth […]

A recently acquired mortgage banker has agreed to settle a class action lawsuit over a data breach that occurred last August. Processing Content NJ Lenders Corp. will pay up to $100,000 in total to class members, which includes anyone who received direct notice from the lender that their private information may have been impacted in

Waterstone Financial’s mortgage banking income rebounded from the first quarter’s just above breakeven numbers, helped by a $114 million increase in originations. Processing Content “The mortgage banking segment achieved solid growth in loan origination volumes compared to the prior year, but this growth was offset by softer sales margins,” William Bruss, CEO of Waterstone Financial,