News

ALTA News You Can Use Headlines and news from various media sources, keeping you “in the know” about issues impacting business and the real estate and mortgage markets.

  • What Happens in a Cyberattack? Experts Discuss Incident Response
    on March 19, 2024 at 11:01 pm

    Over the past few months, cybercriminals have been attacking mortgage players at an alarming rate. Major companies like Loandepot and Mr. Cooper are reeling financially from recent incidents, while businesses continue to battle lawsuits from affected customers.

  • Homebuilder Sentiment Turns Positive for the First Time Since July
    on March 19, 2024 at 6:50 am

    U.S. homebuilders are feeling more confident about their businesses than they have since last summer, as they see better demand despite stubbornly high mortgage rates. Homebuilder sentiment rose 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. The reading gained for the fourth-straight month, hitting its highest level since July.

  • Federal Reserve May Signal Fewer Interest Rate Cuts in 2024 After Strong Inflation Reports
    on March 19, 2024 at 6:40 am

    After tumbling last fall, inflation has remained stubbornly elevated this year. The split-screen picture raises a pointed question for the Federal Reserve: Is the recent flare-up a blip or the beginning of a tougher slog in its two-year inflation fight?

  • Florida’s Housing Market is Out of Sync With Rest of U.S.
    on March 19, 2024 at 6:30 am

    Florida is leading the rise in active property listings across the country, according to the latest data from Redfin, with the total supply of homes for sale in places like Cape Coral climbing more than 75 times faster than the national average between January and February.

  • Congress, White House Agree on Spending but may Still Miss Deadline
    on March 19, 2024 at 2:01 am

    White House and congressional negotiators agreed Monday evening to fund the Department of Homeland Security along with nearly three-quarters of the federal government — starting a sprint on Capitol Hill to pass the legislation before a government shutdown deadline this weekend.