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 ...
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 ...
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 ...
NAR Releases List of 2025's Hottest Housing Markets
Dec 13, 2024 · ‘Tis not only the holiday season, but also that time of year when practically everyone weighs in with what they think next year holds for the housing sector. On cue, now comes forth the latest forecast from the National Association of Realtors (NAR), the 1.5 million-member trade-group behemoth representing agents, brokers, and allied professionals.
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. …
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.
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 ...
Slowing Home Appreciation Raising Default Risk For Purchase …
Jan 8, 2025 · For the first time in three years, home purchase loans are considered just as risky as refinance loans, according to the third quarter (Q3) 2024 results of the Milliman Mortgage Default Index (MMDI). Global consulting and actuarial firm, Milliman Inc., reveals the latest monthly estimate of the lifetime serious delinquency (180 days or more delinquent) rates of U.S.-backed mortgages.
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.