More than a week after it shut down systems to combat a cybersecurity incident, title insurance giant First American Financial says it has restored some key systems and “contained the threat.” Though... Read more »
Mortgage subservicer Loancare informed authorities that the data of about 1.3 million customers was compromised following a cyberattack in November on its parent company, the big four title firm Fidelity National Financial (FNF). This data includes... Read more »
Mr. Cooper Group’s examination of the cyberattack it suffered in late October concluded that the personal information of current and former customers was compromised. The data breach led the company to estimate an... Read more »
Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates are too high. If the labor... Read more »
The Consumer Financial Protection Bureau (CFPB) has imposed a hefty fine of $12 million on Bank of America for misleading mortgage lending data reported to the federal government. The fine comes as... Read more »
Record high home prices continue to inch higher, even as homebuilders offer discounts and build a higher rate than pre-pandemic levels, according to a host of data releases over the last week.... Read more »
Plunk, an AI-powered home analytics platform, announced a proptech partnership with BHR, a housing data aggregator. Through this collaboration, BHR’s RealReports platform will integrate Plunk’s proprietary AI technology, making property data even more... Read more »
The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. The labor market doesn’t show wages spiraling out of control... Read more »
We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy... Read more »
Nonbank financial institutions, including mortgage brokers, motor vehicle dealers and payday lenders, must report certain data breaches and other security events to the Federal Trade Commission (FTC). According to an amendment to the Commission’s Safeguards Rule announced Friday,... Read more »