For everyone who knows that National Mortgage Newsis based in New York City and has been calling or wondering about our safety in the wake of Tuesday's terroristattack -- thanks for your concern, and we are fine. Our building at 11 Penn Plazais not in the financial district, but since it is adjacent to Penn Station and the Empire State Building it wasevacuated promptly and successfully. We're back on the job today (Wednesday), although shaken and grieved by theloss of life downtown. Although our unit escaped this atrocious assault, the attacks have struck far too closeto home. Our parent firm, Thomson Financial, had office space in the World Trade Center. Thomson Financial wasstill accounting for its employees Wednesday morning, although it said the majority are safe. We pray for the safetyof our colleagues. We also had news sources and business contacts among the firms that were based in the WorldTrade Center. While the buildings are replaceable, the people who were killed are not, and we mourn their loss,as well as the deaths of the hundreds of police officers and firefighters killed trying to save them. --MARK FOGARTY, Editor, National Mortgage News
-
The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
April 10 -
A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.
April 10 -
Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.
April 10 -
A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.
April 10 -
Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.
April 10 -
LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.
April 9









