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loanDepot's $3.5 Million Settlement Gets Preliminary Nod Amid Investor Opposition

U.S. district judge scheduled to sign off on the settlement in April.

Courts
Jan 09, 2024
The Interest
CoreLogic: Single-Family Home Price Growth Soars To 5.2% In November 2023

Northeastern states lead the surge in home price appreciation, while CoreLogic's forecast predicts a slower 2.5% growth rate by November 2024.

Analysis and Data
loanDepot Joins Ranks Of Cyberattack Victims, Initiates Probe

California-based mortgage lender grapples with cybersecurity breach amidst a spate of recent attacks across the industry.

Operations
Mixed Economic Outlook In December 2023 With Declining Inflation And Earnings Expectations

Inflation and earnings dip, but credit access and financial optimism brighten the economic landscape, reveals NY fed's survey.

Analysis and Data
Fannie Mae: Consumer Optimism Over Mortgage Rates Returns

December HPSI records notable 2.9 point surge to 67.2, driven by anticipation of lower mortgage rates, yet homebuying conditions remain cautious.

Analysis and Data
Jan 08, 2024
The Interest
UWM Sends Cease And Desist Over Facebook Group: Sparks Debate on Broker Choices

Ramon Walker of Client Direct Mortgage challenged for Facebook group comparing Rocket Pro TPO and UWM, raising questions about broker independence and relationships in the industry.

Industry News
U.S. Economy Adds 216,000 Jobs In December

Robust job growth surpasses expectations, marking a strong finish for the labor market in 2023, while the Federal Reserve hints at no further interest rate hikes.

Analysis and Data
Freddie Mac Reports 30-Year Fixed-Rate Mortgage Averages 6.62%

Experts predict potential downward drift in mortgage rates, but many prospective buyers seek lower rates to enter the market.

Analysis and Data