Document, Non-QM, MI Products; Vendor News; Rates Steady

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Posted To: Pipeline Press

There are more stars in the universe than words ever uttered by all the humans who ever lived. (That’s a good line for tonight’s Happy Hour.) Money, on the other hand, is finite, and catching everyone’s attention this morning is a) Zillow telling us that 37% of U.S. homes are free and clear of a mortgage, and b) the Equifax settlement for $700 million in its 2017 data breach settlement from a consumer class action suit on behalf of 145 million people . The deal includes $77.5 million in attorney fees, per one story , and $300 million for credit monitoring – about $2 per head. I don’t know how this helps me, as my guess is that someone in a foreign land now has all of my “private” information. Can’t we take the billions that will be spent on space…(read more)

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