Origination

The industry vendor SitusAMC has not publicly disclosed how many consumers, nor how many banks and lenders, were impacted in a cyberattack last fall.

Mortgage applications for new-home purchases decreased 15.2% on a seasonally adjusted basis in December, according to the Mortgage Bankers Association.

This week the conforming 30-year fixed rate mortgage fell 10 basis points, with Optimal Blue data showing it broke through, at least briefly, the 6% level.

United Wholesale Mortgage sees this branding partnership as an opportunity to recruit workers in its home market in the Detroit area, CMO Sarah DeCiantis said.

The lender claims the ransomware gang behind a breach provided proof it deleted compromised customer information, and it hasn't appeared on the dark web since.

The San Francisco-based banking giant reported solid gains in credit card and auto lending as credit remained in check and quarterly operating costs declined from a year ago.

The latest Lower acquisition comes after several previous mergers with lenders as well as two last year that incorporated technology and real estate platforms.

The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers Association data released Wednesday.

Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023, according to figures released Wednesday by the National Association of Realtors.

Over 46% of mortgage transactions examined had at least one significant wire fraud or title risk, with 3.2 findings per transaction, Fundingshield said.