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Academy's $2M data breach deal: Why litigating rarely beats settling
Academy Mortgage's deal will cover around 285,000 class members. It's the sixth deal this year by a mortgage firm seeking to squash consumer complaints.
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Real REMAX Group halts Motto Mortgage franchise growth
Vic Lombardo, the president of REMAX’s mortgage services, had stepped down from his role
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Veterans United Promotes Jeremyah Grigery To Chief Marketing Officer
Veterans United Home Loans has promoted Jeremyah Grigery to chief marketing officer, putting the longtime company executive in charge of the VA lender’s broader marketing strategy and brand developmen
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Builders Shrink Homes, But Affordability Keeps Slipping
Builders have spent a decade cutting square footage to bring new homes within reach of increasingly stretched buyers. The strategy has produced smaller houses, but not the kind of cost relief that mig
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How can Social Security COLAs impact reverse mortgage planning?
In a higher-rate environment like today, line-of-credit growth can accelerate, influencing choices about loan draws and Social Security claims
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Sidelined Homebuyers Say Mortgage Rates Need To Hit This ‘Magic Number’ Before They’ll Buy
A new survey found that 72% of potential homebuyers have either delayed or entirely paused their home search until rates improve.
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Mortgage Rates Hold Fairly Steady
Mortgage rates barely budged again on Thursday, but there was far less data to digest compared to Wednesday. Bonds (which dictate rates) were steady to slightly weaker. The "weaker" part connotes high
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Delinquency rates dip again, signaling ‘firmer footing’ for mortgage performance
There was improvement in all stages of the delinquency process, with serious delinquencies declining for the fifth consecutive month: ICE The post Delinquency rates dip again, signaling ‘firmer footin
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As Kortas and Casa make peace, AIME is back in the mix
NEXA says it will cover AIME memberships for about 4,100 loan officers as Casa seeks a role as membership director
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Chase Home Lending Mortgage issues $378.7 million RMBS
This marks the second transaction from the shelf, backed by 651 first-lien, fully amortizing fixed-rate mortgages.
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Homebuyers are sitting out the market as pending sales hit six-month low
Pending home sales fell 1.1% last week to their lowest level in six months, while new listings rose to their highest level since April The post Homebuyers are sitting out the market as pending sales h
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July affordability bump signals purchase surge window
Lower median loan amounts and earnings growth which outpaces mortgage expenditures helps to improve affordability even as rates continue to rise, the MBA said.