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5 days ago · News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
FHA eases cyber reporting requirements for lenders
Oct 4, 2024 · The Federal Housing Administration is walking back the tight deadlines it set for mortgage lenders reporting cyber breaches. According to a draft mortgagee letter, the FHA wants to implement a 36 hour window of time for companies to report a cyber incident to the agency. This is a notable departure ...
20 banks with the most mortgage origination volume in Q4
Feb 27, 2024 · The top five lenders in the ranking have an average mortgage origination volume of more than $7.4 billion as of the end of the fourth quarter of 2023.
How Fed rate cut impacts housing finance agency activity
Sep 27, 2024 · Overall expectations of such actions now and for the rest of the year also could result in borrowers on existing loans backed by SHFAs electing to prepay and refinance with many probably qualifying for a conventional product.. But the Fed rate cut lowers the yield on housing bonds issued by the SHFAs, reducing their cost to raise capital, the authors of the report, Karen Fitzgerald and Kasia ...
20 banks with the largest retail mortgage volume in Q4
Mar 5, 2024 · The top five lenders in our ranking have a combined retail volume of more than $21 billion at the end of the fourth quarter of 2023. While the majority saw a decrease in business between Q3 and Q4, one achieved a significant increase of 782.50%.
Wells Fargo commercial servicing sale makes Trimont a leader
Aug 20, 2024 · Wells was the second largest depository in commercial real estate lending based on its loan volume at the end of the first quarter, according to a ranking published in June by NMN's sister publication, American Banker. It was the eighth largest Fannie Mae multifamily lender last year.
20 mortgage servicing banks with the largest MSR volumes
Oct 24, 2022 · The top five banks in our ranking have a combined MSR volume of more than $15 billion at the end of Q2. Many servicers saw growth between Q1 and Q2, with one seeing growth of 42.14%.
As rates go up, Freddie calls previous enthusiasm "premature"
Oct 3, 2024 · The conforming 30-year fixed-rate mortgage interest rate rose to 6.12% on Oct. 3, up from 6.08% the previous week, as reported in Freddie Mac's Primary Mortgage Market Survey.
Why mortgage rates might rise after Fed cut
Sep 19, 2024 · But the Fed's actions shouldn't start an origination uptick for the mortgage industry, according to one long-time veteran. "The last three months of much weaker new-job creation made the larger cut necessary in the Fed's eyes," said Melissa Cohn, regional vice president at William Raveis Mortgage. "The immediate impact of the cut is not mortgage-rate friendly, as bond yields have jumped higher."
How the CFPB and NMLS nonbank registries will converge
Aug 29, 2024 · The CFPB addressed this with a new guide that arrived right before a registry comment period ended Aug. 26 — a mixed blessing for the Mortgage Bankers Association, which had wanted to have 60 days to review the implementation procedure before responding in a busy election year.. While the timing could have been better, the guidance does show how interactions with the existing registry may ...