Fairway is the latest mortgage company to report cyber incident

Fairway is the latest mortgage company to report cyber incident

Top 10 U.S. mortgage lender Fairway Independent Mortgage Corp. sustained a cyber attack in early December due to vulnerabilities in a vendor system, the company told the Massachusetts Office of Consumer Affairs and Business... Read more »
3 unique mortgage products to get today’s homebuyer qualified

3 unique mortgage products to get today’s homebuyer qualified

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a... Read more »
Enact CEO Rohit Gupta talks mortgage insurance as homebuyers struggle with down payments

Enact CEO Rohit Gupta talks mortgage insurance as homebuyers struggle with down payments

Rohit Gupta, Enact CEO, joins 'Closing Bell Overtime' to talk the state of housing and mortgage rates. Source link Read more »
4 Success strategies for mortgage originators to thrive in 2024

4 Success strategies for mortgage originators to thrive in 2024

Mortgage originators who seek success in 2024 need to move with confidence and adaptability. To reach strategic goals for the year ahead — and avoid being left behind — here are four... Read more »
Mortgage rates hold steady at key level for now

Mortgage rates hold steady at key level for now

Mortgage rates have risen recently but they could be much worse than they are today. As someone who doesn’t believe the Federal Reserve has pivoted and that the Fed enacted a COVID-19... Read more »
3 unique mortgage products to get today’s homebuyer qualified

Gap between Black and white renters who were mortgage ready narrowed during the pandemic

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. About 7.8% of Black renter families... Read more »
‘It’s scary out there’: Mortgage industry reacts to cyberattacks

‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire.  Mr. Cooper Group, loanDepot, First American and Fidelity National... Read more »
3 unique mortgage products to get today’s homebuyer qualified

Mortgage delinquency decline reflects ‘continued resiliency’ of borrowers

Delinquencies improved in January, highlighting the resiliency of U.S. mortgage holders. The national delinquency rate fell to 3.38% in January, down from 3.57% in December, according to the Intercontinental Exchange (ICE) First... Read more »
3 unique mortgage products to get today’s homebuyer qualified

Mortgage rates keep surging after strong inflation reading

Mortgage rates continued their ascension toward 7% this week, raising doubts about the approaching spring homebuying season.  The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, an increase from last week’s... Read more »
First Home Mortgage taps former Draper and Kramer executive

First Home Mortgage taps former Draper and Kramer executive

First Home Mortgage Corp. bolstered its presence in the Washington, D.C., region with the opening of a new branch in Bethesda, Maryland, the company announced on Tuesday. In that context, First Home... Read more »