Primary Residential Mortgage Inc. (PRMI)AI and increasingly sophisticated wire fraud are raising the stakes at the closing table, forcing lenders to rethink how they verify identities, counterparties, and payment instructions
For years, the mortgage industry has spent a lot of money on spotting borrower fraud at the start of the loan process. But one of the growing fraud threats today may show up later — when the loan is approved, the closing is set, and hundreds of thousands of dollars are about...
More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025
Home sellers are finally giving buyers some ground. The problem is mortgage rates are taking it right back.More than one in five homes listed for sale — 20.8% — had a price reduction in September, the highest share in nearly four years, according to Realtor.com's latest Mont...
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