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WEBNews analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
How to prepare for Fannie Mae and Freddie Mac's new rules on …
WEBJan 28, 2022 · A rule change is afoot; Fannie Mae and Freddie Mac 's new reporting disclosures on mortgages for condominiums and units located in HOAs went into effect on January 1. As a result, boards of directors and management companies will see changes in how they report the financial health of their association. …
Seterus settles with CFPB in distressed servicing case | National ...
WEBDec 21, 2020 · Mr. Cooper acquired Seterus' $24 billion servicing portfolio, with an additional $24 billion that was being subserviced, in February 2019.. In an unrelated case, Mr. Cooper recently entered into separate agreements with the CFPB and state regulators and with the Justice Department regarding treatment of distressed mortgage borrowers.Mr. Cooper confirmed that issues within the Seterus case ...
Events - National Mortgage News
WEBDIGITAL MORTGAGE. September 13-15, 2022 The industry’s flagship event returns in-person this Fall. This year's event will bring senior professionals to analyze the impact of complete mortgage digitization, discuss how to provide increased value to customers and explore how to reposition within an evolving marketplace. Gain insights about ...
NMN Servicing - National Mortgage News
WEBTrimont CEO Bill Sexton acknowledges that a "daunting" volume of commercial real estate loans need to be refinanced in the next few years. But he says nonbank lenders are well equipped to provide financing that will allow troubled buildings to be reimagined. Mortgage servicing is the process of collecting monthly loan payments.
Mortgage Rate News - National Mortgage News
WEBThe majority of homeowners have mortgage rates below 6%. About 85% of U.S. homeowners have interest rates below 6%, while a little over 50% of homeowners have a rate below 4%, Redfin's report said. By Maria Volkova. August 27.
NMN Origination - National Mortgage News
WEBTitle insurance outlook upgraded on lower rates. But the purchase business that brings in three times the fee size as refinancings will be the driver of the improvement for the publicly traded title underwriters. Mortgage origination is the procedure a lender uses to collect and process a mortgage application, including underwriting, funding ...
2021 mergers and acquisitions in the mortgage industry | National ...
WEBDec 26, 2021 · The $9.2 billion-asset Veritex said in a press release that it will pay $53.9 million in cash for a 49% stake in Thrive. The deal is expected to close in the middle of 2021. Thrive operates in several states, including Texas, Ohio, Colorado, Kentucky, North Carolina, Kansas, Virginia, Florida, Maryland and Indiana.
How mortgage lenders are thinking about staffing for rest of 2021
WEBJun 25, 2021 · The latest data from the Bureau of Labor Statistics reported mortgage banker and broker jobs climbed to 386,800 in April from 378,300 in March, and grew every month for the past 12. First quarter numbers from business intelligence software provider LBA Ware showed annual and quarterly spikes in mortgage hiring as well.. Loan officer turnover declined to 21% in 2020 — the lowest level since ...
About Us - National Mortgage News
WEBAbout Us. National Mortgage News is an award-winning comprehensive digital information resource serving the entire residential mortgage industry, including depositories, nonbank lenders and servicers, brokerage firms, vendors and regulators. In addition to providing news analysis and perspective, NMN convenes industry participants to provide ...