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Credit bureaus will push to scale back mortgage trigger leads bill

November 19, 2024 by bp56691
Credit bureaus will push to scale back mortgage trigger leads bill
The passage of the mortgage trigger lead bill as proposed in Congress may face a challenge this week from the consumer reporting industry.
Categories Community Home Lenders Association, credit report, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Senate, U.S. Senate

Chrissi Rhea, co-founder of Mortgage Investors Group, has died

November 15, 2024 by bp56691
Chrissi Rhea, co-founder of Mortgage Investors Group and member of the MBA’s board of directors, died on Nov. 8, at the age of 73.
Categories Bob Broeksmit, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Retail Lending

The trigger lead bill looks in doubt post-election

November 14, 2024 by bp56691
The post-election landscape has complicated the mortgage industry’s efforts to pass a trigger lead bill. Backup plans are being formulated.
Categories CFPB, Congress, Election 2024, House of Representatives, Lead Generation, LendingLife, Mortgage, Origination, Regulatory, Senate

Movement Mortgage names Steve Smith president and CFO

November 13, 2024 by bp56691
Top retail mortgage lender Movement Mortgage named longtime industry executive Steve Smith its newest president and CFO.
Categories LendingLife, Mortgage, Movement Mortgage, Origination, People Movers

Rocket’s origination volume jumps 28% in Q3

November 13, 2024 by bp56691
Rocket’s origination volume jumps 28% in Q3
Detroit-based Rocket Companies saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in Q3 2024.
Categories Annaly Capital Management, Artificial Intelligence, Earnings, LendingLife, Mortgage, Mortgage Servicing, Mortgage servicing rights, Origination, Rocket Mortgage

Veterans have down payment assistance options of up to $117K

November 12, 2024 by bp56691
Down Payment Resource highlighted 49 of the 2,400-plus assistance programs that offer up to $117,000 specifically for veterans.
Categories Department of Veterans Affairs, Down Payment Assistance, Mortgage, Origination, Veterans

Better introduces VA refi loan with no appraisal or closing costs

November 11, 2024 by bp56691
New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs.
Categories Better.com, LendingLife, Mortgage, Origination, Refinancing, VA Loan

Fannie Mae releases updates on leasehold estates, manufactured homes, fraud prevention

November 11, 2024November 8, 2024 by bp56691
Fannie Mae releases updates on leasehold estates, manufactured homes, fraud prevention
Leasehold estates, manufactured homes and mortgage fraud are the key topics in the latest Fannie Mae Selling Guide update.
Categories Appraisals, Appraisals and Valuations, Fannie Mae, Freddie Mac, Government-Sponsored Enterprise, Manufactured Housing, Mortgage, Mortgage Fraud, Origination
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