Lending

Lending (1019)

First American Settles With SEC Over Data Leak

First American Financial has resolved SEC allegations stemming from the 2019 discovery of a cybersecurity flaw that exposed customer data. So reports Corporate Secretary. Read more...

Mortgage Rates Climb Over 3%, Hit Two-Month High

U.S. mortgage rates have jumped above the 3% mark to their highest level in 10 weeks. So reports Bloomberg. Read more...

Forbearances Tick Down Slightly Over Past Week

The number of active forbearance plans declined again in the most recently weekly data from Black Knight. The number fell by only 7,000 from the previous Tuesday. Read more...

Bodnar of MMG: What to Make of the Fed Rate Hike Forecast

Bill Bodnar of The Mortgage Market Guide (MMG) says it was all about the Fed last week and how they forecasted hiking rates in 2023 rather than in 2024, which was the previous expectation. Read more...

Mortgage Lending Soared 67.1% in 2020: The Fed

Mortgage lenders handled ballooning volumes last year, driven mainly by refinances to take advantage of extraordinarily low interest rates, according to the latest statistics from the Federal Reserve. So reports Reuters. Read more...

Fed Starts Telegraphing Shift to Tighter Monetary Policy

Federal Reserve officials have signaled that the central bank plans to start tightening up the historically loose monetary policy it has used to spur growth during a pandemic. So reports USA Today. Read more...

Mortgage Rates Ease to Four-Month Low Amid Inflation Optimism

U.S. long-term mortgage rates have continued their weeks-long downward trajectory, slipping to their lowest point in four months. So reports Bloomberg. Read more...

Unemployment Claims Rise for First Time in Nearly Two Months

First-time weekly jobless claims have posted their first increase since late April, Labor Department statistics show. So reports The Hill. Read more...

Angel Oak Mortgage Plans IPO

According to an S-1 statement filed with the Securities and Exchange Commission, Atlanta-based Angel Oak Mortgage is looking to go public. So reports HousingWire. Read more...

FHFA Bumps Eviction Moratorium to September

The Federal Housing Finance Agency has kept the pandemic moratorium on evictions going for a few more months. So reports GlobeSt.com. Read more...

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