Cyberattack at AnnieMac affects 171,000 customers

Add American Neighborhood Mortgage Acceptance Company LLC, doing business as AnnieMac, to the list of mortgage lenders that have recently suffered a data breach from a cyberattack. The company notified state authorities that it became aware of “suspicious activity” of certain systems within its netw

Mortgage rates dodge a bullet — for now

Last week we were at risk of breaking a key level in the bond market, which could have sent mortgage rates much higher. We also had a lot of economic, political, and Fed news that could have pushed rates up. Despite all those negative headlines, we dodged a bullet for now; the key levels held, and w

Credit data shows: There’s no housing crash coming

The housing bubble crash theory has failed once again as we approach the end of 2024, but it’s always important to know why something didn’t happen. This week, we got the updated New York Fed credit data report and it shows the strong position of homeowners — especially in comparison to the years be