A shuttered lender has agreed to fund a data breach settlement with consumers for an incident which hit the company as it was winding down. Processing Content Instead of a lump sum, McLean Mortgage will pay affected individuals on a per-claim basis, according to case filings published this month in a Virginia federal court. The […]
Shuttered retail lender OKs data breach settlement Read More »
We have bad news and slightly less bad news. Starting with the latter, today’s mortgage rates are only marginally higher than they were yesterday with the average top tier 30yr fixed rate up 0.02%. The bad news is that this takes our rate index to 6.77%–the highest level since July 28th, 2025. Mortgage rates are
Mortgage Rates Inch Up to 11-Month High Read More »
Annaly Capital Management’s purchases of loans and servicing contributed to a profitable second quarter above most consensus estimates, but its executives said that’s in part because it’s taking a measured approach. Processing Content The real estate investment trust, whose Onslow Bay unit is a top buyer of conventional mortgage servicing rights and a significant nonagency
Annaly buys non-QM, agency servicing opportunistically in 2Q Read More »