If you’re just tuning in, mortgage rates had a rough day yesterday on top of a rough week overall. The result was the highest 30yr fixed rate in over a year with our index moving up to 6.85%. As has been and continues to be the case, rate momentum has been strongly correlated with oil/gas […]
Mortgage Rates Recover Modestly From Long-Term Highs Read More »
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
Large drop in new defaults may signal reprieve for servicers Read More »
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
Post-M&A breach suit signals cyber due diligence risk Read More »