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.
Mortgage Application Rejections Hit Decade High – NMP
2024年11月18日 · New data published by the Federal Reserve Bank of New York paints a bleak picture of mortgage origination in 2024, as consumers’ expectations of improving credit conditions remain subdued heading into next year.. The average rejection rate for mortgage refinance applications increased to a decade-plus high of 25.6% this year, a jump from 15.5% last year.
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.
Existing Home Sales Rebound In October – NMP
2024年11月15日 · October saw existing-home sales rise 1.6% over last month, marking the largest gain since January 2022 to reach a seasonally adjusted annual rate of 4.18 million, according to a new Redfin report.. Compared to last year, sales increased 1.7%, marking the first annual gain since November 2021. And, with total existing-home sales expected to finish 2024 slightly higher than last year’s 4.09 ...
Nominations Open For The 2025 Mortgage Lending Women Of …
2024年11月12日 · At National Mortgage Professional, we know that within the mortgage industry, countless women are leading with vision, passion, and resilience. They’re the ones breaking down barriers, lifting others up, and driving meaningful change in their companies and communities. With the 2025 Mortgage Lending Women of Inspiration Awards, we’re honored to shine a spotlight on these outstanding ...
Breaking Barriers | Mortgage Banker Magazine
The mortgage industry is navigating a transformative period, driven by evolving market dynamics, regulatory changes, and advancing technology. From the missteps of relying on rate predictions to the strategic reassessment of Mortgage Servicing Rights (MSRs) in a volatile market, lenders are learning to adapt. Regulatory shifts, such as PACE loan prioritizations and data privacy carveouts ...
Remember Your Marketing Department? – NMP
2024年12月10日 · After two years of waiting, the Federal Reserve finally reduced interest rates in mid-September by half a percentage point. Because this easing in borrowing costs was already priced into mortgage interest rates, no big changes occurred during the immediate aftermath. But, the rate drop sent ripples through the housing industry — consumers are beginning to wake up.
Breaking Barriers Digital Edition | Mortgage Banker Magazine
The mortgage industry is navigating a transformative period, driven by evolving market dynamics, regulatory changes, and advancing technology. From the missteps of relying on rate predictions to the strategic reassessment of Mortgage Servicing Rights (MSRs) in a volatile market, lenders are learning to adapt. Regulatory shifts, such as PACE loan prioritizations and data privacy carveouts ...
Licensing Requirements for Mortgage Loan Originators
2022年10月18日 · Education and Testing Requirements. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) was passed in 2008 and became effective on Aug. 1, 2009. This law mandates certain requirements for people who want to become mortgage loan originators. Under the law, prospective MLOs must register with the Nationwide Multistate Licensing System (NMLS) and provide fingerprints for ...
Here Comes The Sun: CFPB Finalizes Rule On PACE Loans
2024年12月18日 · The Consumer Financial Protection Bureau (CFPB) has issued its final rule aimed at protecting consumers from predatory lending practices concerning Property Assessed Clean Energy (PACE) loans. In a statement released Wednesday, director of the consumer watchdog group, Rohit Chopra, said the rule "stops unscrupulous companies and salespeople from luring homeowners into unaffordable loans based ...