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
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
July 24 -
NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
July 24 -
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
July 24 -
Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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