PennyMac, RoundPoint Suffer Data Breach.

2023-09-01T09:45:17-07:00private lender servicing, private loan servicing company|

"Mortgage Industry Experts Reveal Data Breach at Pennymac Loan Services and RoundPoint Mortgage Servicing. Discover why customers were exposed to compromised data and how to best protect your information from the effects of a breach. Read on for expert advice."

Realtor.com Potential Maximized: Expanding Audience, Generating Leads, Increasing Listings

2023-08-30T14:22:04-07:00private lender servicing, private mortgage servicing companies|

Damian Eales, the new CEO of Realtor.com, is quickly changing the landscape of the mortgage industry with his expansion plan. Hear about his bold vision and get insights into how Eales is poised to shake up the real estate market during his fireside chat with Tom Ferry at the Tom Ferry Success Summit in Dallas.

NAR to Meet Urgently to Address Sexual Harassment Allegations

2023-08-30T13:41:04-07:00loan servicing private lenders, private lender servicing|

"The future of the mortgage industry is in focus! National Association of REALTORS® plans an emergency leadership team meeting to discuss the challenges and opportunities that could affect private lenders. Get the details and stay informed!"

Bank Faces Hefty Lawsuit for Breaching Ad Contracts

2023-08-30T09:28:02-07:00private lender servicing|

Private lending firm Better Home & Finance under fire from Meredith Operations Corp for violating advertising placement agreements. Learn how a $1.86 million lawsuit may affect private lending. Get informed with expert advice from the mortgage industry.

Exploring the Benefits of High Mortgage Rates

2023-08-30T07:50:15-07:00private lender loan servicing, private lender servicing|

An SEO-driven Description that Explores the Recent Mortgage Rate Spike - Private lenders take note: mortgage rates recently soared to their highest levels since 2022—reaching over 7%—and symbolizing a strong economy. Explore how the surge may affect the private sector and what to look for in the market for the remainder of 2023.

Mortgage Demand Increases

2023-08-30T05:03:46-07:00loan servicing for private money lenders, private lender servicing|

Mortgage applications for home purchases and refinances increased in the first five weeks after months of decline, but remain at low rates. Get the latest on how quantity & quality of mortgage applications affect the housing market from an industry expert.

Former Employees Sued by Lower for $4M Fraudulent Losses

2023-08-29T13:25:38-07:00private lender servicing, private mortgage loan servicing|

This mortgage industry news summary speaks to a recent case of fraud within the sector. Private lenders will be interested to learn that four former employees of Lower were sued for misappropriation of funds - resulting in a financial loss of $4 million. Stay informed and seek expert advice on best practices for mortgage-security.

American Bank of Oklahoma Resolves Redlining Allegations with $1.5M Settlement.

2023-08-29T09:41:19-07:00loan servicing for private money lenders, private lender servicing|

The American Bank of Oklahoma has recently reached a settlement with the Department of Justice after allegations of discriminatory redlining practices in the majority Black and Hispanic populated areas of Tulsa. Discover which areas of the city were affected and what steps the bank is taking to restore investment in these underserved communities.

Q2 Net Loss Widened to $45.5M Despite Better Reports

2023-08-28T13:48:22-07:00private lender servicing, private mortgage servicing|

Better saw strong growth in Q2 of 2020 with another increase in origination volume. With $900 million funded across 2,421 loans, lending activity was up compared to Q1 where $800 million across 2,347 loans was funded. Learn more about how the private lending industry has experienced growth.

report Rent Increase of 3.3% in June: CoreLogic Report

2023-08-28T09:13:13-07:00private lender servicing, private mortgage loan servicing|

Single-family rental growth slows in June - Rent prices increased by 3.3% across the US, the smallest year-over-year change since Autumn 2020. Get the latest news on the US rental market from a Private Lender expert.

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