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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. According to the tech leader, “it feels like there’s a target on mortgages,” which makes sense considering the types of data and documents these companies deal with.

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Opinion: From Lehman to a digital housing platform

Housing Wire

The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” Investors require assurance that a file, note or instrument reflects the verifiable intentions of the committed parties.

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Pulte Group thrived in 2021, but it’s not celebrating

Housing Wire

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. Given an opening on the call by Truman Patterson, an analyst at Wolfe Research , to give investors hope things will get better, Marshall stuck to a subdued point of view. Well, Truman,” Marshall replied. “I

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Mortgage applications drop as rates spike

Housing Wire

Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. “Investors are weighing the impacts of rapidly increasing inflation in the U.S. of total applications.

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The mortgage industry is ripe for blockchain in 2021

Housing Wire

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. But blockchain is also being increasingly adopted by tech companies in the mortgage space seeking to revolutionize and disrupt the industry. Friedman HW+ Columnist.

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Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Institutional Investors.

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Mortgage rates grow at fastest pace since 1994

Housing Wire

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Another index shows mortgage rates even higher. Mortgage rates have increased 1.5

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