Category: Mortgage Industry News

UWM alleges that Atlantic Trust delivered a minimum of 71 loans to competing firms, thereby inflicting damages worth no less than $335,000.

For the first time since 2018, the principal event of the trade union is set to return to the Western part of the United States.

In a recent conversation, Jonathan Willen, Chief Revenue Officer at LERETA, shared his thoughts on several important topics. These included the impending wave of escrow, the increased risk of cyber attacks on servicers, and key trends he has observed within the sector this year.

In 2023, the industry of reverse mortgages accounted for approximately 1.6% of the total number of mortgage-related grievances received by the CFPB.

In an initiative aimed at expanding cost-effective mortgage availability for prospective homebuyers in the United States, Fannie Mae declared in December that it would substitute title with attorney-opinion letters (AOLs).

This week, a management alert was released by the Office of the Inspector General within the U.S. Department of Housing and Urban Development (HUD). The OIG highlighted the department’s ongoing issue of recognizing “improper payments” linked to its programs, a problem it has faced for an uninterrupted span of 11 years. The Inspector General’s Office is urging HUD’s leaders to confront this persistent difficulty with identification.

Despite the promising prospects for 2024, there remains a necessity for lenders to adopt audacious strategies in order to curb production deficits.

Since the end of 2017, the National Flood Insurance Program (NFIP) has undergone 28 iterations of reauthorization. A section of senators, however, have voiced concerns about the escalating costs of premiums, contending that they have reached levels that are unaffordable for many.

A&D Mortgage, a wholesale lender specializing in non-qualified mortgages (non-QM), has recently procured licenses to initiate loan operations in the states of Arkansas and Mississippi.

While the reverse mortgage sector may be limited in its control over interest rates, it possesses a wealth of marketing strategies, as noted by Chris Moschner. Please keep in mind the name of the source should not be mentioned.