A United Wholesale Mortgage customer is implicating the top lender in a data breach. Processing Content Michigan resident Ricky LaFountain sued UWM in a Michigan federal court Wednesday for negligence, over the company’s purported role in an incident last year. The lawsuit claims UWM customers’ personal identifiable information, including Social Security numbers, were compromised in […]
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Freddie Mac has tightened some requirements for mortgages on hybrid factory-built homes that are similar to traditional houses and condo refinances. Processing Content Freddie Mac clarified that including site-built houses in appraisal comps for loans on hybrid manufactured homes is a necessity, not an option, when there aren’t similar properties nearby. The government-sponsored enterprise also
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Mortgage rates fell to their lowest level since mid-May, falling below the 4.5% range they have been in since that time. Processing Content A drop in the 10-year Treasury yield late last week helped push the 30-year fixed rate mortgage lower. But going forward, observers remain concerned about the impact of inflation, while this morning’s
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