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.
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 ...
FHA Proposes Looser Boarder Income Requirements For …
Nov 20, 2024 · Today, the Federal Housing Administration (FHA) posted a draft Mortgagee Letter (ML), proposing greater flexibility for borrowers who receive income from individuals renting space inside their property, also called "boarders" by the Single Family Housing Policy Handbook 4000.1. The proposed revision expands underwriting flexibility for borrowers seeking FHA-insured mortgages using that rental ...
CSBS Urges MLOs To Update License Registrations – NMP
Oct 23, 2024 · Mortgage loan originators and other licensees are being urged by regulators to update their license registration by next month. Recent changes were made to the Nationwide Multistate Licensing System ahead of the organization’s annual renewal period, which runs from Nov. 1 through Dec. 31.. The Conference of State Bank Supervisors (CSBS), the national organization that operates the NMLS, is ...
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.
Mortgage Market Consolidates As Volatility Heightens – NMP
Nov 8, 2024 · Announcing the results of a periodic review of peer U.S. nonbank mortgage companies, Fitch Ratings signaled Friday “strengthening of the largest mortgage companies’ franchises as the market has consolidated over the last two years.” The Fitch-rated peer group includes PennyMac Financial Services, Mr. Cooper, United Wholesale Mortgage, Freedom Mortgage, Rocket Mortgage, and Provident.
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. …
DOJ Discourages Broker Buyer Agreements, NAR Awaits Final …
Nov 26, 2024 · Today’s final hearing on the class-action settlement of Sitzer/Burnett vs. National Association of Realtors (NAR) at the U.S. District Court for the Western District of Missouri will put a lid on the five-year debacle of Realtor and real estate agent commissions.Only two days earlier, the Department of Justice (DOJ) threw in their last two cents in …
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.
Kathryn Fitzpatrick | NMP
Jan 9, 2025 · Traci Husslein Named Capital Markets SVP At Waterstone Mortgage. Traci brings 30 years of industry experience to new role