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Loansnap faces state penalties over unlicensed originators

National Mortgage
Mortgage Finance
2 years ago

National lender Loansnap faces a cease and desist order and potential revocation of its license to do business in Connecticut,.. Read More;

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Nominations open for 2024 Top Producers

National Mortgage
Mortgage Finance
2 years ago

National Mortgage News is pleased to announce the launch of the 2024 Top Producers Survey.IMPORTANT: All entries MUST be completed,.. Read More;

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The tech Upgrade plans to use to keep AI-based lending fair

National Mortgage
Mortgage Finance
2 years ago

As regulators repeatedly warn banks and fintechs that their artificial intelligence models have to be transparent, explainable, fair and free,.. Read More;

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Mortgage rate patterns good sign for spring season

National Mortgage
Mortgage Finance
2 years ago

Mortgage rates increased 9 basis points this week, but have remained in the same range since mid-December, which portends well,.. Read More;

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Senate considers flood insurance reforms as program faces another deadline

National Mortgage
Mortgage Finance
2 years ago

  A man carries a child after being rescued from rising floodwaters due to Hurricane Harvey in Spring, Texas,,.. Read More;

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Last year's non-QM securitizations have higher delinquency rates

National Mortgage
Mortgage Finance
2 years ago

Last year's vintage of non-qualified mortgage-backed securities is resulting in higher delinquencies than those produced in 2022 due to weaker,.. Read More;

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As fraud risk soars, lenders struggle to combat issue

National Mortgage
Mortgage Finance
2 years ago

A string of attacks that hit high profile mortgage players in recent months demonstrate that cybercrime continues to be a,.. Read More;

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Loan officers rank technology high among reasons to stay or go

National Mortgage
Mortgage Finance
2 years ago

Just as many top producing originators would consider jumping to a competitor for better technology as they might leave for,.. Read More;

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Banks say current capital proposals would burden securitization market

National Mortgage
Mortgage Finance
2 years ago

In recently submitted comment letters, top U.S. bank representatives and a coalition of congressmen adamantly opposed the banking regulators' proposal,.. Read More;

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Purchase app activity off to strong start for 2024

National Mortgage
Mortgage Finance
2 years ago

Mortgage application activity increased for the third consecutive week, even with rates seeing an uptick, as the purchase market sustained,.. Read More;

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Vast majority of forbearance now used for personal hardships

National Mortgage
Mortgage Finance
2 years ago

Forbearance had primarily been a remedy for borrowers affected by the pandemic since the inception of the CARES Act, but,.. Read More;

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Zions confident in credit, despite commercial real estate risk

National Mortgage
Mortgage Finance
2 years ago

Zions Bancorporation, headquartered in Salt Lake City, doesn't expect to see a rise in credit losses, despite an increase in,.. Read More;

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