NewDay USA announced it is protecting veterans from data breaches by investing in the highest level of information security.
The nation’s leading VA mortgage company has achieved ISO/IEC 27001:2013 certification after a partnership with ACTIVECYBER LLC. The certification was issued by Schellman Compliance LLC, an ANAB and UKAS-accredited certification body.
ISO 27001 is a systemic and risk-based approach to information security and the leading international standard.
“Preparing for ISO 27001 Certification was a multi-year effort that required significant dedicated resources from NewDay USA throughout a rigorous readiness process,” said Eugene Mizin, Chief Operating Officer, NewDay USA.
“Our customers and employees can be confident that NewDay USA is doing everything possible to protect their data.”
High-profile data breaches have plagued the…
Mortgage purchase demand fell for a third week as rates hit their highest point since November.
The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – dropped by 5.7%, a slight improvement on last week’s 13.3% dip.
The average interest rate for 30-year fixed loans rose from 6.62% to 6.71%. Rates have jumped by 50 basis points just in the last month, driving applications down.
Adjusted purchase applications decreased by 6%, while the unadjusted index was down 3% from the week before and was 44% lower YOY.
“Data on inflation, employment, and economic activity have signaled that inflation may not be cooling as quickly as anticipated, which continues to…
By KIMBERLEY HAAS Leaders at Guild Mortgage have partnered with the National Association of Hispanic Real Estate Professionals as part of their commitment to diversity and inclusion. The association is dedicated to advancing sustainable homeownership for the Hispanic community in America with a network of over 40,000 professional members and 100 local chapters nationwide. Jorge Montoya, a branch manager at Guild in Reno, Nevada, recently sat down with The Mortgage Note. He said the key to improving Hispanic home ownership is education. “We’ve really focused on educating the Latino clientele about it’s not just getting a mortgage, but it’s getting a mortgage with a plan, and what is that plan? Is this going to be a forever plan? Is this…
Active forbearance plans dropped by 73,000 (-8%) in the first week of January, according to Black Knight’s blog, Vision. The number of loans in forbearance fell across all categories, led by a 30,000 plan decrease in FHA/VA loans (-10%). Forbearances on loans held by portfolios and PSLs fell by 17,000 (-8%) and GSE loans fell by 27,000 (-19%). The number of active plans is down 123,000 (-13%) from last month. Additional declines are expected with 61,000 plans still listed as extension/removal in December 2021, of which 25,000 are expected to expire. An additional 186,000 plans are up for extension or removal in January, though less a third are expected to expire. Forbearance plan starts ticked up once again, continuing a…
