We Are Looking To Honor Next Gen Leaders. Get Recognized
We think it’s critical to recognize those that are making a difference that have been in the business fifteen years or less. They deserve this award. APPLY TODAY!
Read More
Author: PROGRESS In Lending
BSI Financial Services SVP Allen Price Joins IMN Home Equity Investment Advisory Board
BSI Financial Services, a national mortgage fintech platform, announced that Allen Price has been selected to join the IMN Home Equity Investment Advisory Board. Price, who serves as senior vice president of sales, client and transaction management at BSI Financial Services, is the first mortgage servicing executive appointed to the Board.
Read More
MBA Reacts To FHFA And Treasury Amendments To The Preferred Stock Purchase Agreements
MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement on today’s Federal Housing Finance Agency (FHFA) and U.S. Treasury amendments to the Preferred Stock Purchase Agreements (PSPAs):
Read More
MBA Applauds The Senate Passage Of The MBA-Supported Trigger Leads Bill
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of the bipartisan Homebuyers’ Privacy Protection Act (S. 3502) in the U.S. Senate:
Read More
Mortgage Applications Decreased Over A Two-Week Period
Mortgage applications decreased 21.9 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 27, 2024. The results include an adjustment to account for the Christmas holiday.
Read More
The 2024 Thought Leader Award Winners Are …
Our existing awards all acknowledge the good work that executives are doing now, but we think it’s time to reward future work and initiatives. The 2024 Thought Leader Award Winners are …
Read More
Home Value Lock Insurance Now Available Through Century 21’s Select Real Estate
Home Value Lock, a market value insurance product for homebuyers, is now available through Century 21’s Select Real Estate. The Sacramento-area real estate group announced that it will provide clients the option to benefit from market value protection for their new home at no additional cost.
Read More
Delinquencies Hit Highest Level In Nearly Three Years; Prepayments Drop On Higher Rates
Intercontinental Exchange, Inc. (NYSE:ICE), a provider of technology and data, reports the following “first look” at November 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
Read More
CFPB Files Lawsuit To Stop Illegal Kickback Scheme To Steer Borrowers To Rocket Mortgage
The Consumer Financial Protection Bureau (CFPB) sued Rocket Homes to stop them from providing incentives to real estate brokers and agents in exchange for steering homebuyers to Rocket Mortgage, LLC for loans. The CFPB also sued Jason Mitchell, his real estate brokerage firm, JMG Holding Partners LLC, which does business as The Jason Mitchell Group, and the individual real estate brokerage companies in the 41 states and the District of Columbia where it does business (The Mitchell Group), for their role in the unlawful scheme.
Read More
Share Of Mortgage Loans In Forbearance Increases To 0.50% In November
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.50% as of November 30, 2024. According to MBA’s estimate, 250,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020.
Read More