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.
Congress Fits Trigger Lead Ban Into The 2025 Budget
Sep 23, 2024 · Senate Amendment 2358, banning 'abusive' trigger leads, was added to the Senate's Fiscal Year 2025 NDAA
Mr. Cooper To Acquire Rushmore Residential Loan Servicing …
Apr 26, 2023 · Rushmore Loan Management Services LLC, a mortgage servicer based in Irvine, Calif., announced Wednesday it has entered into a definitive agreement to sell its residential mortgage servicing platform to Dallas-based Mr. Cooper Group, one of the largest home loan servicers in the country. The deal follows Mr. Cooper's agreement, announced in February, to acquire Rushmore's parent firm, Roosevelt ...
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.
Lower, LLC And Thrive Mortgage To Merge In 2024
Dec 14, 2023 · Family-owned Thrive Mortgage, LLC is merging with Lower, LLC. The two are expected to combine their teams in the first quarter of 2024. This union will create a unified lender boasting over 650 loan officers and 120 active branches across the nation. Both entities, according to Modex, have collectively originated approximately $3.3 billion in the last year.
Planned Community Home Sales Resilient In 2024 – NMP
Jan 8, 2025 · Mortgage brokers considering a change of venue this year may want to think about setting up shop in a master-planned community (MPC). Despite difficult sales conditions, MPC’s held their own through 2024, and are fairly consistent in terms of annual sales, according to …
Ally Financial To Exit Origination Business – NMP
Jan 8, 2025 · The Detroit, Mich.-based Ally Financial is exiting the mortgage origination business, as first reported by The Charlotte Observer. The holding company and financial services provider offers mortgage lending services through its digital-only banking subsidiary, Ally Bank.
Housing Market Awaits Trump’s Impact – NMP
Dec 4, 2024 · Home buyers and sellers will have more to worry about than housing prices and mortgage rates next year. How the incoming Trump Administration succeeds in implementing its stated economic goals also will have a major impact. “The size and direction of a ‘Trump Bump’ will depend on what campaign proposals ultimately become policy and when,” says Danielle Hale, chief economist at Realtor.com.
The $32 Trillion Opportunity For 2025 | NMP
With 2025 fast approaching, now is the time to plan ahead and seize new opportunities in the housing market. Over $32 trillion in homeowner equity remains "trapped" as borrowers seek ways to access their wealth for home improvements or debt consolidation—without sacrificing their historically low first mortgage rates.
GSE Privatization A 'Herculean Task': DoubleLine – NMP
Jan 7, 2025 · Researchers say it’s difficult to see how GSE privatization would lead to lower mortgage rates Anticipation, uncertainty, and speculation continue to build concerning the impact on the housing market of policy shifts expected to be implemented by the incoming Trump administration. Possibly the ...