March 28, 2024
Mortgage

Nations Direct Mortgage Latest to Fall Victim to Data Breach

Another company in the mortgage industry is reeling from a cybersecurity incident. Nevada-based Nations Direct Mortgage, a wholesale lender that sells to Fannie Mae, Freddie Mac and Ginnie Mae, recently disclosed a data breach to the Office of the Main Attorney General, HousingWire reported. While the incident was only shared to the authority last week,

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Mortgage

Home Sellers Disappointed by Biden’s $10,000 Tax Credit

Homeowners like MacKenzie Kipp who capitalized on historically low mortgage rates during the pandemic would stand to lose a substantial amount of money under President Joe Biden‘s proposed $10,000 tax credit for selling their starter homes. In an effort to ease the housing market’s tight inventory and support homeowners looking to upgrade, Biden announced a

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Loans

China February new bank loans dip more than expected, lending growth at record low

Chinese national flags flutter at Tian’anmen Square ahead of the annual two sessions on Feb. 29, 2024 in Beijing, China. New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary pressures. Vcg |

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Mortgage

I’m retired and have paid off my 30-year mortgage thanks to tiny home in my yard

A WOMAN has revealed how installing a tiny home in her yard has helped her pay off her mortgage and live a better life. The woman is based in New York and has had an Accessory Dwelling Unit (ADU) in her yard for the past two decades. Tiny homes have become increasingly popular in recent

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Mortgage

Home sales rose in January as easing mortgage rates, inventory enticed homebuyers

Sales of previously occupied U.S. homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup in properties on the market By ALEX VEIGA AP Business Writer February 22, 2024, 10:16 AM ET • 2 min read LOS ANGELES — Sales of previously occupied U.S. homes rose in January as homebuyers

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Mortgage

Average long-term U.S. mortgage rate rose this week to 6.77%, highest level in 10 weeks | News

LOS ANGELES — The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season. The average rate on a 30-year mortgage rose to 6.77 percent from 6.64 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago,

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Mortgage

Could Your Mortgage Lender Be Hacked? How to Protect Yourself | National

In back-to-back months, Mr. Cooper and LoanDepot — two of the nation’s largest mortgage lenders — made headlines for experiencing cyberattacks that exposed the data of more than 30 million people combined. Mortgage lenders haven’t been the only recent targets. Title insurance companies Fidelity National Financial and First American Financial each experienced cyberattacks in November

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Mortgage

Average long-term U.S. mortgage rate edged higher this week, but remain in the mid-6% range | News

LOS ANGELES — The average long-term U.S. mortgage rate edged higher this week, reflecting a recent uptick in the 10-year Treasury yield. The average rate on a 30-year mortgage rose to 6.64 percent from 6.63 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.12 percent. “Mortgage rates remain

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Mortgage

VA Construction Loans: Everything You Need to Know | Mortgages and Advice

Key Takeaways A VA construction loan may help you build your dream home, but the process can be complex. It might be difficult to find a lender that offers VA construction loans, so it’s wise to do your research and have a backup plan. If you aren’t able to obtain a VA construction loan, there

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Mortgage

Mortgages and Interest Rates Will be a Hot UK Election Issue

With Britain expecting a general election later this year, the ruling Conservatives and Labour opposition are drawing up rival plans to help a key demographic: aspiring homeowners. An affordability crisis linked to decades of underinvestment in new homes — plus years of rock-bottom interest rates that pushed up property values — have piled pressure on

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