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4 days ago · News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
Lender group turns to CFPB to stop trigger leads
Dec 11, 2024 · Now that the trigger leads legislation was removed from the National Defense Authorization Act, one group of supporters is proposing a regulatory workaround. In September, the industry was heartened that its years-long fight against the use of the controversial lead generation method was finally ...
National Mortgage News - November-December 2024
More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.
Best Mortgage Companies to Work For 2024
Mar 4, 2024 · Headquarters: Whitehall, Pennsylvania Number of employees: 69 Website: mymortgageamerica.com Mortgage America is located in an area that President Bob Barrett describes as akin to the fictional small town of Mayberry, with many employees staying on until retirement but some positions opening up over time.
Fed rate cut, industry lawsuits: Top mortgage news September 2024
Oct 9, 2024 · Mortgage rates continued to tumble closer to the 6% mark, even before taking into account the full impact of the 50 basis point cut in short-term rates by the Federal Open Market Committee. But the Fed's actions shouldn't start an origination uptick for the mortgage industry, according to one long-time veteran.
Lower rates drive multifamily lending surge
Nov 8, 2024 · Multifamily volume grew 53% quarter over quarter and 56% on an annual basis, according to the Mortgage Bankers Association. Meanwhile, commercial real estate originations overall increased 44% in dollar volume from the previous three months and 59% from the third quarter of 2023.
Mortgage default levels are providing a warning sign
Nov 22, 2024 · October's total delinquency rate — loans 30 days or more late but not yet in foreclosure — was 3.45%, the First Look report found. While that was down by 0.79% from September, the year-over-year change of 5.95% represents five …
Top 20 banks by retail mortgage volume in Q3
Dec 9, 2024 · The top five lenders in our ranking had an average retail mortgage origination volume of nearly $7 billion at the end of the third quarter. Most lenders saw an increase in business between the second and third quarters, and PNC Bank achieved a …
Mortgage delinquencies rise but foreclosures lag - National …
Oct 23, 2024 · The total delinquency rate, defined as loans 30 days or more late on payment but not yet in foreclosure, was 3.48% in September. That was an increase of 4.3% compared to August's 334 basis point rate and up by 5.74% compared with September 2023's rate of 329 basis points.. This data follows the Mortgage Bankers Association's recent report that performance …
FHA eases cyber reporting requirements for lenders
Oct 4, 2024 · In a statement Friday, the administration said its revisions are a response to stakeholder feedback "to provide clarity and better align its reporting requirements with computer-security incident notification standards established by the Federal banking regulators."