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
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.
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 ...
Mr. Cooper To Buy Flagstar's Mortgage Servicing, TPO Platform
Jul 25, 2024 · Mr. Cooper has entered into a “definitive agreement” to buy Flagstar Bank’s residential mortgage servicing business for $1.4 billion, including their mortgage servicing rights (MSRs) and third-party origination (TPO) platform, the company announced in a press release Thursday.. Flagstar Bank is a subsidiary of New York Community Bankcorp, Inc. (NYCB), acquired by NYCB at the end of 2022.
Mr. Cooper Group Serves 6M Customers After Acquiring Flagstar …
Nov 5, 2024 · Mr. Cooper Group, the nation’s largest home servicer, announced today the closing of its previously announced acquisition of Flagstar Bank’s mortgage operations, including the acquisition of mortgage servicing rights (MSRs), advances, subservicing contracts, and Flagstar’s TPO platform for approximately $1.3 billion in cash. …
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.
Trigger Leads Bill Faces Almost Certain Death – NMP
Dec 6, 2024 · Brokers Action Coalition (BAC) announced earlier this week that Senate Amendment 2358, which aims to limit the use of mortgage trigger leads, has been wiped from the National Defense Authorization Act (NDAA) Fiscal Year 2025, signaling doom to its stakeholders as U.S. Congress rapidly approaches its end-of-year deadline. Senate Amendment 2358, which stems from the MBA-supported “The ...
DOJ Sues Rocket Mortgage, Appraisal Companies – NMP
Oct 22, 2024 · The Department of Justice (DOJ) filed a lawsuit against Rocket Mortgage, appraiser Maksym Mykhailyna, Maverick Appraisal Group, and Solidifi U.S. Inc., yesterday, alleging racial discrimination in a January 2021 Colorado incident where a Black homeowner's home was undervalued based on her race. Rocket Mortgage called the case "a massive overreach." A release from the Detroit-based company ...
Homebuyer Demand Hits 14-Month Peak – NMP
Dec 5, 2024 · Homebuyers are getting back in the game. Real estate brokerage Redfin’s Homebuyer Demand Index is sitting at its highest level since Sept. 2023, as prospective buyers come off the sidelines to embrace lower mortgage rates and a growing number of listings.. A seasonally adjusted measure of tours and other buying services from Redfin agents, the index was up 7% on an annual basis the week ...