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.
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
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 …
Rocket Pro TPO First To Announce Conforming Loan Limits For 2025
Sep 13, 2024 · Rocket Pro TPO today announced that it will be the first one to increase the national conforming loan limit for 2025. Rocket’s current loan limit is $766,550. Starting today, brokers working with Rocket Pro TPO can loan up to $802,650. For Alaska and Hawaii, the limit will increase to $1,203,975.
Mr. Cooper To Acquire Rushmore Residential Loan Servicing …
Apr 26, 2023 · Rushmore Loan Management Services LLC, a mortgage servicer based in Irvine, Calif., announced Wednesday it has entered into a definitive agreement to sell its residential mortgage servicing platform to Dallas-based Mr. Cooper Group, one of the largest home loan servicers in the country. The deal follows Mr. Cooper's agreement, announced in February, to acquire Rushmore's parent firm, Roosevelt ...
Serious Mortgage Delinquencies Hit 17-Month High – NMP
Nov 22, 2024 · While less people filed for foreclosure in October, the number of homeowners seriously delinquent on their mortgage payments reached a 17-month high last month according to the latest data on mortgage performance from Intercontinental Exchange Inc. .. October featured historically muted foreclosure activity, though at 3.45%, the national delinquency rate rose 6% above Oct. 2023, marking five ...
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.
Mortgage Fraud Risk Up 8.3% From Last Year – NMP
Oct 16, 2024 · The CoreLogic Mortgage Application Fraud Risk Index increased 8.3% nationwide over last year and increased by 1.1% since last quarter. Overall, the CoreLogic report found that one in 123 mortgage applications were estimated to have indications of fraud in …
DOJ Sues Rocket Mortgage, Appraisal Companies – NMP
Oct 22, 2024 · The Department of Justice (DOJ) filed a lawsuit against Rocket Mortgage, appraiser Maksym Mykhailyna, Maverick Appraisal Group, and Solidifi U.S. Inc., yesterday, alleging racial discrimination in a January 2021 Colorado incident where a Black homeowner's home was undervalued based on her race. Rocket Mortgage called the case "a massive overreach." A release from the Detroit-based company ...
Minimizing Risks, Maximizing Rewards – NMP
Nov 25, 2024 · For enterprising mortgage women, Non-QM products offer a promising new source of borrowers and revenues. That’s because the pool of potential borrowers who fall outside of agency requirements who would benefit from a Non-QM loan solution is vast. These borrowers include self-employed individuals who cannot qualify for a traditional mortgage using their W-2s, real estate investors, and ...