Senate Passes Legislation Banning Trigger Leads in Mortgage Industry
Senate passes a bill to prohibit trigger leads, a significant development noted by MBA President Bob Broeksmit as a much-needed reform for the industry.
ICE Integrates Mortgage Analyzer with Freddie Mac Borrower Verification Tool
Freddie Mac's new tool enables sellers and third-party originators to verify borrowers' income and employment, streamlining the mortgage application process.
Joseph Gormley Selected for Leadership Role at Ginnie Mae
Joseph Gormley's nomination to lead Ginnie Mae has been forwarded to the Senate banking committee, impacting private lenders and the housing finance landscape.
A&D Mortgage obtains $250 million from Canyon Partners for RMBS initiative.
Investment boosts collaboration between A&D and Imperial Fund Asset Management, facilitating a $5 billion non-agency RMBS securitization program for private lenders.
MBA Expresses Support for FHA Commissioner Nominee Frank Cassidy
Cassidy, a former Walker & Dunlop executive, brings extensive experience in commercial real estate finance to her new role at HUD, enhancing private lending insights.
MCS Expands Its Operations Through Strategic Acquisition
MCS partners with MSI to enhance reverse mortgage preservation services, strengthening their position in the industry and providing comprehensive solutions for lenders.
What is the potential decline in mortgage rates following the jobs report?
Mortgage rates have decreased by 0.18%, now below 6.64%. Explore the implications for private lenders and the potential for further declines.
CrossCountry Mortgage Facing Allegations of RESPA Violations and Kickbacks
Six lawsuits allege that CrossCountry Mortgage paid Raleigh Realty $15,000 monthly during 2021-2022 for exclusive client referrals, raising compliance concerns.
Transforming Customer Success in Mortgage Technology: A Shift from Order-Taker to Ally
Explore the evolving mortgage technology landscape and its impact on customer success, pushing private lenders to rethink their approach to service.
Trigger lead ban bill progresses to the President’s desk for approval.
The Homebuyers Privacy Protection Act (H.R. 2808) advances in the Senate, enhancing privacy measures for homebuyers, a significant shift for private lenders.