Academy Mortgage says it stopped a data breach last March that exposed the personal identifiable information of 284,443 customers. In a notice to the Office of the Maine Attorney General, the Draper, Utah-based lender did not say whether the incident was related to a ransomware gang’s alleged hack last year. Mortgage customer and employee names,
Angle down icon An icon in the shape of an angle pointing down. The housing market is starting to break free from “rate lock,” Zillow economists said. C.J. Burton/Getty Images The housing market could be breaking free from the “rate lock” phenomenon that froze activity in 2023. That’s because owners appear less deterred by high
Mortgage rates were mixed over the past week. The 30-year fixed-rate mortgage slightly increased while the 15-year fixed-rate mortgage fell. The 30-year fixed mortgage rate is 6.66% for the week ending January 11, 2024, according to data from Freddie Mac. This represents an increase of 0.04% from a week ago. The 15-year fixed rate mortgage
Just_Super Dear readers, Blackstone Mortgage Trust (NYSE:BXMT) is one of the largest and most well-known mortgage REITs (mREITs) in the world with a $25 Billion loan book. The stock may appeal to investors for many reasons, but the two biggest ones are likely that: the fund is managed directly by a very capable Blackstone (BX)
This is an audio transcript of the Money Clinic podcast episode: ‘Mortgage clinic — your questions answered’ Claer Barrett Good news about mortgages. If getting or renewing a home loan is your biggest financial worry this year, then rejoice. More and more lenders are cutting their rates. It’s a welcome news for anyone trying to
BALTIMORE – Jury selection is set to begin Tuesday in former Baltimore City State’s Attorney Marilyn Mosby’s federal mortgage trial in Greenbelt, Maryland. She is accused of lying on mortgage applications to get a lower interest rate on two vacation homes in Florida. Opening statements are expected to start on Thursday, January 18. Mosby was
The average 30-year mortgage rate today is 6.62%, according to Freddie Mac. But that doesn’t mean you won’t find a mortgage lender that will offer you a lower rate. There are different factors that lenders consider when deciding how much interest to charge for mortgage loans. And a big one is your credit score. The
“For now, the big driver of rates will be the economic and inflation data that come out each month.” Logan Mohtashami Lead analyst at HousingWire So far, the new year hasn’t been particularly smooth for the mortgage market. Yet with mortgage rates expected to fall, homebuyers should have an easier time in 2024 than they
Nevada Congressional members are calling for an investigation into Navy Federal Credit Union, the nation’s largest credit union for service members, after reports found it rejected nearly half of its Black and Hispanic mortgage applications, the Nevada Current reported. The Congressional Black Caucus, which is chaired by U.S. Rep. Steven Horsford, sent a letter to
We have a suite of mortgage calculators to help you work out how repayments will affect your household finances, what you could save by remortgaging, and the beneficial impact of overpaying. You can also enter your details here to see what’s available on today’s market 15 January: Competition Intensifies For New Business HSBC is cutting