One of the major servicers of home loans is Mr. Cooper and recently they just fell victim to a cyber attack which held up the mortgage payments of their huge customer base. The results of this attack are still not fully known.
The collapse of the housing market has led to historically low interest rates on mortgages, leading many renters to wonder if now is a good time to purchase a home.
If you’re mulling it over, consider this: new research says that in most areas, buying is now cheaper than renting.