Whitney Minnich Real Estate and Community Updates

Data Breach Prompts Call for More Mortgage Protections February 11, 2019 Hackers recently gained access to the personal data of about 54,000 mortgage borrowers on loans originating from Wells Fargo, Citigroup, Capital One, HSBC, and other lenders. While the loans were being acquired by an investment firm, documents with borrowers’ information were apparently exposed online with no password or other protections. Security experts are unsure how much personal data hackers were able to access, and many of the victims may not know they were affected. The banks say they have had no direct involvement in the data breach because they don’t own or service the mortgages but are working to identify which customers were affected. Hackers could use borrowers’ personal information to establish new credit card accounts or apply for new mortgages, experts warn. Rick Hill, vice president of industry technology for the Mortgage Bankers Association, told  The Washington Post ...

70% of lenders surveyed are expecting home prices to rise over the next 12 months. If you've been thinking about buying it's a great time to start the conversation. Contact me today at 571-970-7195 or whitney@whitneyminnich.com to start the process. Lenders Feel More Upbeat About Housing DAILY REAL ESTATE NEWS | THURSDAY, JUNE 18, 2015 Mortgage lenders are growing increasingly optimistic that demand for mortgages for home purchases will remain strong over the next three months. Fannie Mae's second quarter 2015 Mortgage Lender Sentiment Survey showed more lenders are reporting credit loosening and there's a strong demand from borrowers for home purchase loans. The survey showed that senior mortgage executives are increasingly optimistic, and significantly more optimistic than consumers about future home prices. The share of lenders expecting home prices to rise over the next 12 months reached a survey high of 70 percent in the second quarter. The latest resul...