Colony Ridge, the developer of more than 40,000 lots northeast of Houston, says its clients have no opportunity to get a loan from anyone else and dismisses federal lawsuit as baseless. Continue reading
The nation’s second biggest title insurer issues terse statement saying it’s taken some systems offline. A ransomware group known as Blackcat, ALPHV or Noberus has infiltrated the computer networks of more than 1,000 victims. Continue reading
AI document automation platform signs 100 new customers in 2023 and now supports more than 1,150 types of documents to serve a growing number of use cases, including mortgage. Continue reading
Demand for purchase loans has picked up in five of the past seven weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts. Continue reading
Personal information in exposed files included names, addresses, phone numbers, Social Security numbers, dates of birth, bank account numbers, Mr. Cooper said. Continue reading
The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year. Continue reading
Loan servicing giant Mr. Cooper, which is facing multiple lawsuits over a recent cybersecurity breach, will provide two years of identity protection services and credit monitoring to all current and former customers. Continue reading
Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive Mortgage in 2021, expects a $25 million to $30 million loss if the deal closes. Continue reading
Federal Reserve policymakers anticipate three rate cuts by the end of next year, but many think the central bank may cut faster and harder. Continue reading
Demand for purchase mortgages has picked up in five out of the past six weeks, and applications to refinance have roared back, jumping 27 percent from a year ago. Continue reading