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 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
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
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
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
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
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.
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
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
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