Breaking Barriers | Mortgage Banker Magazine
The mortgage industry is navigating a transformative period, driven by evolving market dynamics, regulatory changes, and advancing technology. From the missteps of relying on rate predictions to the strategic reassessment of Mortgage Servicing Rights (MSRs) in a volatile market, lenders are learning to adapt. Regulatory shifts, such as PACE loan prioritizations and data privacy carveouts ...
Mortgage Events, Conferences, Webinars, and Expo Shows | NMP
NMPs calendar of upcoming events for originators and mortgage bankers. Attend in-person conferences, expo shows, virtual conferences, webinars, and other events. Find events from our Mortgage Leadership Outlook series to national conferences by Originator Connect Network.
DOJ Discourages Broker Buyer Agreements, NAR Awaits Final …
Nov 26, 2024 · Today’s final hearing on the class-action settlement of Sitzer/Burnett vs. National Association of Realtors (NAR) at the U.S. District Court for the Western District of Missouri will put a lid on the five-year debacle of Realtor and real estate agent commissions.Only two days earlier, the Department of Justice (DOJ) threw in their last two cents in …
BAC Co-Founder Reveals Mega Brokers May Undergo CFPB Audits
Dec 2, 2024 · Mortgage broker-owners received an ominous warning from Broker Action Coalition (BAC) Chief Advocacy Officer and co-founder Brendan McKay who took to LinkedIn last week to share, “The CFPB has begun auditing mortgage brokerages,” particularly the industry’s mega brokers that employ over 1,000 loan officers.
Congress Fits Trigger Lead Ban Into The 2025 Budget
Sep 23, 2024 · Senate Amendment 2358, banning 'abusive' trigger leads, was added to the Senate's Fiscal Year 2025 NDAA
NMP – Mortgage News – Daily News, Rates, and Analysis
The source for daily mortgage news. Rates, analysis, and industry insight for mortgage advisors, originators, bankers, and all loan origination professionals. Home of NMP, Mortgage Banker, and Mortgage Women Magazine.
West Capital Lending Acquires Locally-Focused Brokerage, Red …
Dec 3, 2024 · The Irvine-based correspondent brokerage, West Capital Lending, announces its acquisition of Pennsylvania-based brokerage, Red Tree Mortgage, LLC. Already licensed in 47 states, West Capital is looking to expand further into the East Coast and penetrate those markets through the acquisition of small, locally embedded brokerages.
Remember Your Marketing Department? – NMP
Dec 10, 2024 · After two years of waiting, the Federal Reserve finally reduced interest rates in mid-September by half a percentage point. Because this easing in borrowing costs was already priced into mortgage interest rates, no big changes occurred during the immediate aftermath. But, the rate drop sent ripples through the housing industry — consumers are beginning to wake up.
The Next Gen Mortgage Masters | NMP Magazine
Meet NMP Magazine’s 40 Under 40 Class of 2024 — the trailblazers transforming the mortgage industry with fresh ideas and boundless energy. From cyber resilience champion Jordan Bingham tackling rising threats to STRATMOR Group’s Garth Graham forecasting transformative trends, this issue equips you to navigate the industry's next big challenges.
Mortgage Application Rejections Hit Decade High – NMP
Nov 18, 2024 · New data published by the Federal Reserve Bank of New York paints a bleak picture of mortgage origination in 2024, as consumers’ expectations of improving credit conditions remain subdued heading into next year.. The average rejection rate for mortgage refinance applications increased to a decade-plus high of 25.6% this year, a jump from 15.5% last year.