HSBC Mortgage Customer Data Breach Discovered

In a statement, HSBC Finance Corp. informed its customers in the United States about the inadvertent disclosure of mortgage customer data online. The data leak was discovered on March 27th 2015. According to a spokesman for the bank, the problem

Mortgage Rates From Top Lenders For April 23rd, 2015

Mortgage rates for top lenders for April 23rd, 2015. Today’s current mortgage rates for some of the top lenders are highlighted below. We report on Quicken loans, Bank of America, Wells Fargo, Suntrust Bank, Citi and others. Below are the

Collateral Underwriter Integrated with Desktop Underwriter for Better Mortgage Risk Management

In a statement, Fannie May announced the integration of its Collateral Underwriter with the major automated underwriting system in the mortgage lending industry, Desktop Underwriter. CU, as it is known for short, also received integration with EarlyCheck, which is the

GSEs to Make Small Changes in Mortgage Guarantee Fees

Freddie Mac and Fannie Mae have been directed to make structural changes to their mortgage guarantee fees by the Federal Housing Finance Agency. The changes are to take effect on September 1st 2015. They are designed to leave the revenues

Minor Change in Mortgage Rates

The interest rates on mortgage loans experienced little movement in the week ending April 16th 2015, according to the Primary Mortgage Survey report of Freddie Mac. They remained near their lowest levels for the year so far. The average rate

Decline in Mortgage Applications After Slight Increase

The volume of applications for mortgage loans went down by 2.3% in the week ended April 10th compared to the previous week. This is revealed in the Weekly Mortgage Applications Survey report of the MBA. The decrease in the total

New Home Loan Applications Up in March

The mortgage applications for the purchase of a new home rose by 17% in March from February of this year. The increase is not seasonally adjusted. This was revealed in the Builder Application Survey conducted by the Mortgage Bankers Association.

Additional Assistance for Home Buyers Using HomePath Mortgage Loans

Fannie Mae has formally announced the launching of the HomePath Ready Buyer program, which is designed to assist first-time home buyers using the company’s HomePath mortgage. Qualifying borrowers will receive assistance with closing costs of up to 3% of the

New Rules for Reverse Mortgages Getting into Effect

The Federal Housing Administration will implement a set of new rules regarding reverse mortgage on April 27th 2015. New credit and income requirements will apply. Applicants will have to undergo several specially designed tests for creditworthiness evaluation. The FHA has

Mortgage Rates Slip Down

The interest rates on mortgage loans declined in the week ended April 9th 2015, according to the latest Primary Mortgage Market Survey of Freddie Mac. They fell down after a week of minimal changes. This week’s downward movement of the


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