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HELOC, Broker, and Correspondent Programs; First American's Cyber Issue; 10-Year Yield Bouncing Back?

“If you know someone who has an intense fear of store Santas, would you say they were suffering from Claus-trophobia?” For individuals or companies, do you have a fear of being hacked? Under the heading of “It’s not if, but when…” First American “has experienced a cybersecurity incident. In response, we’ve taken certain systems offline [like the main website above] and working to return to normal business operations as soon as possible.” First American owns First American Title and also owns ACI, one of the largest appraisal software providers. This outage stopped appraisers using ACI from having the ability to upload appraisal reports to FLS. Some lenders acted quickly. Fairway Independent, for example, stated that if a Fairway borrower’s closing was negatively impacted, corporate would cover any hotel, meal, or storage expenses incurred by their clients. (Today’s podcast can be found here, and this week ....

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Mortgage Economic Review September 2023

Mortgage Economic Review September 2023
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Mortgage Economic Review For July 2023

Mortgage Economic Review For July 2023
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Mortgage Economic Review For June 2023

Mortgage Economic Review For June 2023
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Mortgage Economic Review For May 2023

Mortgage Economic Review For May 2023
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