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Katie Jensen

Associate Editor

Katie Jensen is a mortgage news reporter at NMP.

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CFPB Issues Public Inquiry On Junk Fees Affecting Closing Costs

Agency seeks to understand why closing costs are up, who is benefiting, and how costs can be lowered.

May 30, 2024
FHA Enacts New Cybersecurity Reporting Requirements

FHA mortgagees experiencing a potential or actual cyberattack must notify HUD within 12 hours.

PNC Bank Pays Near $12M To Settle MLO Rest Break Lawsuit

The lawsuit alleges PNC skimped on paying its loan officers for time spent on rest breaks and issued inaccurate wage statements.

May 28, 2024
ICE Uncovers Hidden Costs Eroding Lender Profits

ICE whitepaper finds mortgage fee cures cost $1,225 per loan, on average.

May 23, 2024
NEXA Pays Loan Officers 100% Of Commission Splits

LOs won't pay per-file fees or other hidden fees with NEXA100, says NEXA Founder and CEO Mike Kortas.

May 22, 2024
Banks Report Weaker Demand And Tighter Lending Standards In Fed Survey

April 2024 (Q1) Senior Loan Officer Opinion Survey on Bank Lending Practices shows weakening demand for consumer loans.

May 20, 2024
Sluggish Start To The Spring Homebuying Season

High home prices and interest rates keep buyers and sellers stagnant, Redfin reports.

May 16, 2024
CFPB Compensates Victims Of Phantom Loan Scheme

CFPB distributes $384 million to consumers harmed by Think Finance, a Texas-based online lender.

May 15, 2024
43% Of New Homeowners Struggle To Make Mortgage Payments

And 44% have taken on extra debt to maintain their lifestyle, according to a new survey from Clever Real Estate.

May 14, 2024
Consumers Skip Payments Due To Inflation, Job Loss, And Forgetting To Pay

Nearly one-third of consumers said it is difficult or very difficult for them to pay their recurring debts on time.

May 13, 2024