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Mortgage Rates Rise To Highest Point This Year

30-year fixed (6.81%) and 15-year fixed (6.24%) reach highest levels since Nov. 10 last year.

Analysis and Data
First American Financial Welcomes Tech Veteran New CTO

Jody Mulkey Previously Worked At GoodRX and Ticketmaster

People On The Move
Jul 06, 2023
the interest
Homepoint Sues 7 Correspondent Lenders Over Repurchases

Claims breaches of contract; seeking more than $4.6 million in restitution.

Courts
Wholesale
Fitch: Non-Bank Mortgage Lenders Can Weather The Storms

Ratings service says they are well-positioned to handle liquidity and funding challenges.

Analysis and Data
Mortgage Applications Fall As Rates Rise

MBA says applications down 4.4% last week after 2 straight increases, as the 30-year mortgage rate rose.

Analysis and Data
Tech Companies Need Hugs, Too

When push comes to shove and mortgage companies start zipping their wallets, mortgage fintech is often left in the dust

Tech
Tech Companies Need Hugs, Too
Mortgage Banker
FHA Urged To Modify Proposed Loss-Mitigation Plan

MBA, ABA, NMSA sign joint letter seeking to simplify & clarify the plan, as well as to extend the time to implement it.

Regulation and Compliance
Movement Mortgage To Pay $23.75M To Settle False Claims Act Probe

Lender accused of not following guidelines for originating, underwriting some FHA, VA loans.

Regulation and Compliance
Guaranteed Rate Acquires Full Ownership of Premia

Relocation mortgage firm was previously a joint venture with Sirva.

Operations