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SEC Launches Probe of First American Security Lapse: Report

SEC Launches Probe of First American Security Lapse: Report

Tuesday, 20 August 2019
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First American is under investigation by the Securities and Exchange Commission over a cybersecurity lapse on its website that potentially exposed more than 885 million mortgage-related records dating to 2013. So reports cybersecurity blog Krebs on Security, which also broke the news of the data exposure. Read more...
Fannie Mae Predicts Rise in Refinances, Another Fed Rate Cut

Fannie Mae Predicts Rise in Refinances, Another Fed Rate Cut

Monday, 19 August 2019
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A new analysis by Fannie Mae forecasts that refinances will account for 35% of all new mortgages in 2019, up from 29% last year. So reports Yahoo Finance. Read more...
New Whitepaper: Treasury and Mortgage Rates Perspective, August 2019

New Whitepaper: Treasury and Mortgage Rates Perspective, August 2019

Tuesday, 13 August 2019
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Treasury yield plummeted at the beginning of August after a confusing post-meeting press conference by Fed Chairman Powell. That was followed by an escalation in the trade dispute between the U.S. and China. Read more...
Tech Startup Morty Launches First-time Homebuyers Platform

Tech Startup Morty Launches First-time Homebuyers Platform

Thursday, 15 August 2019
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Morty, an online mortgage startup, has announced a new platform for first-time homebuyers. So report TechCrunch and Forbes. Read more...
Zillow Slows Mortgage Division Hiring

Zillow Slows Mortgage Division Hiring

Wednesday, 14 August 2019
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Zillow CEO Rich Barton said in the company’s latest earnings call that it is reducing the pace of hiring for its mortgage lending division. So reports Geekwire. Read more...
Mortgage Applications Surge in Rush to Refinance

Mortgage Applications Surge in Rush to Refinance

Tuesday, 13 August 2019
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Total mortgage application volume climbed 5.3% in the week ended August 2, according to the Mortgage Bankers Association’s data, a 46.5% increase from last year. So reports CNBC. Read more...
Mortgage Rates Tumble Back to Three-year Low

Mortgage Rates Tumble Back to Three-year Low

Monday, 12 August 2019
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The 30-year fixed-rate mortgage averaged 3.60% last week, dropping sharply from 3.75% a week earlier and returning to its lowest since November 2016, said Freddie Mac. So reports the Associated Press. Read more...
Bill Bodnar of MMG: The Big Takeaway from the Fed

Bill Bodnar of MMG: The Big Takeaway from the Fed

Monday, 05 August 2019
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Bill Bodnar from the Mortgage Market Guide recaps the week, discussing tariffs, the Fed cut, the jobs report and inflation. Read more...
Florida, Texas Top Cities for Millennial VA Loan Growth

Florida, Texas Top Cities for Millennial VA Loan Growth

Wednesday, 07 August 2019
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Some of the hottest markets for millennials taking out Veterans Affairs loans are in Florida. That’s according to a study by Veterans United Home Loans. So reports the South Florida Sun Sentinel. Read more...
Freddie Mac Projects Modest Recovery in Housing

Freddie Mac Projects Modest Recovery in Housing

Friday, 09 August 2019
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Freddie Mac’s latest monthly forecast on the mortgage market calls for an overall uptick in home sales for the rest of 2019, offset by limited housing supply and rising prices. So reports USA Today. Read more...

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