Pacific Residential Mortgage discovered the ransomware incident just weeks after the successful completion of its merger with an Ohio-based lender.
Purchase volumes reached their highest level since early May, but current numbers sit 30% lower than where they were a year ago, the Mortgage Bankers Association said.
More than six months after the CARES Act became law, the two entities joined a host of industry organizations in launching the COVID Help for Home campaign to educate borrowers on the next steps in forbearance.
Joseph Gormley has been nominated as Ginnie Mae's first permanent president since May 2024, with industry leaders praising his housing finance expertise.
The lender said it would pay $500 for each referral from a North Carolina brokerage that it signed a co-marketing agreement with, according to new lawsuits.
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April was a mixed bag for title companies, executives said on earnings calls, but some are expecting a stronger market the rest of the year.
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Federal Reserve Gov. Adriana Kugler said in a speech in Dublin that trade barriers could soon affect prices and slow down growth while increasing uncertainty in 2025.
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The Consumer Financial Protection Bureau issued a policy directive rescinding scores of standing guidance documents, interpretive rules and advisory opinions in a bid to reduce compliance costs.
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In April 2025, the bank admitted that it may have made a mistake in denying the plaintiff forbearance.
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Originators feel neutral about bombshell acquisitions and regulation news, remaining focused on inventory, mortgages rates and costs, an NMN survey says.
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The first quarter showed a narrowing in the market share spread between the six active underwriters, but that was before April's economic uncertainty.
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Homeowners are under paper and unable to close on a home sale or refi transaction because a mortgage satisfaction has never been recorded in the public records.
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Thinking about my own father and about my role as a father to my three children.
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Ask any of us in real estate-related businesses to describe the perfect closing experience and youll likely get minor variations on this theme.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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