Sources told HousingWire that First American was hacked on Wednesday afternoon, taking down some of its systems. Agents and lenders reported some delayed closings on Thursday.
Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates.
"I don't think there's a one-size-fits-all solution to any of this. In the past, you could come up with big broad solutions..."
While delinquencies remain low overall, the number of delinquent loans ticked up in November.