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Coming Up:
FHA Enacts New Cybersecurity Reporting Requirements
FHA mortgagees experiencing a potential or actual cyberattack must notify HUD within 12 hours.
Loan Applications Decrease 5.7% Last Week
An uptick in rates caused decline in applications leading up to Memorial Day weekend
Acra Lending Receives Positive Outlook From Morningstar DBRS
Acra's former ranking was stable
Black Homeownership Rate Increases But Remains Below 2004 Level
Nearly one in four Black mortgage applicants are denied, versus one in 10 white applicants.
Kind Lending Names Tammy Richards As Chief Operating Officer
Richards held positions formerly at loanDepot, Caliber Home Loans
Incenter Promotes Sara Parrish to Chief Operating Officer
Parrish will also remain President of Incenter company CampusDoor, a position she's held since 2022.
PNC Bank Pays Near $12M To Settle MLO Rest Break Lawsuit
The lawsuit alleges PNC skimped on paying its loan officers for time spent on rest breaks and issued inaccurate wage statements.
Home Prices Reach Highs In March, Then Fall From Peaks In April
March and April data tell two different home price stories
IMBs Report Losing $645 Per Loan In Q1 2024
Production losses down from $2,109 per loan in Q4 2023
May 28, 2024