ACNB is acquiring Traditions Bancorp in an in-market deal where the latter's mortgage ops will add to its insurance and wealth management units. https://www.nationalmortgagenews.com/news/mortgages-play-big-part-in-acnb-traditions-bank-merger
NextGenMortgage
Loandepot’s pending data breach settlement weighs on Q2 loss
The lender says it's reached an "agreement in principle" to end a consumer class action complaint over its wide-ranging January hack. https://www.nationalmortgagenews.com/news/loandepots-pending-data-breach-settlement-weighs-on-q2-loss
Some home buyers holding off on purchases until after election
Inflation and housing affordability are the two top election-year issues among home buying consumers, according to a new report from Veterans United Home Loans. https://www.nationalmortgagenews.com/news/presidential-election-moves-purchase-decisions-for-prospective-buyers
HUD fair housing complaint against Appraisal Foundation settled
As part of the three-year agreement, the group will fund a $1.22 million scholarship fund to recruit minorities into the appraisal profession. https://www.nationalmortgagenews.com/news/hud-fair-housing-complaint-against-appraisal-foundation-settled
Pending home sales rise for first time in 3 months
The index of contract signings from the National Association of Realtors increased 4.8% to 74.3 in June, reflecting increases in all four major regions, the group said Wednesday. https://www.nationalmortgagenews.com/articles/pending-home-sales-rise-for-first-time-in-3-months