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News From NAMB: February 22, 2018

Submitted by John Councilman on February 22, 2018
Top Story: NAMB Pushing for Ban on Trigger Leads
The big three credit bureaus sell your name when you apply for a mortgage.  These leads are called Trigger Leads.  Many of us have experienced our borrowers getting calls in mid-application from... Read More

News From NAMB: February 19, 2018

Submitted by John Councilman on February 20, 2018
Top Story: Ginnie Mae Threatens 9 Big Lenders with Program Expulsion
It appears some Ginnie Mae lenders have an unusually high rate of churn, especially on loans they originated or that are in their own servicing portfolio.  Some claim they... Read More

News From NAMB: February 8, 2018

Submitted by John Councilman on February 08, 2018
Top Story: Quicken Knocks Wells Fargo Out as Top Retail Lender
Wells Fargo has held the top spot as the nation’s largest retail mortgage lender for many years.  In 2014, upstart Quicken, started by billionaire Dan Gilbert, had only half the... Read More

News From NAMB: February 1, 2018

Submitted by John Councilman on February 01, 2018
Top Story: Appeals Court Rules CFPB is Constitutional
The full Federal Appeals Court ruled 7-3 to overturn the 2016 decision that declared the CFPB’s single, irremovable director structure is unconstitutional.  The suit, brought as part of PHH v... Read More

News From NAMB: January 29, 2018

Submitted by John Councilman on January 29, 2018
Top Story: Entire CFPB Agency and Rules to Undergo Review
Acting CFPB Director Mick Mulvaney intends to do a complete review of the CFPB and everything it has done since its inception. "In coming weeks, the Bureau will be publishing in the... Read More

News From NAMB: January 19, 2018

Submitted by John Councilman on January 19, 2018
Mel Watt Says “Take Fannie and Freddie Private”
In a somewhat surprising emergence from silence, Mel Watt, FHFA Director, says FHFA believes Fannie Mae and Freddie Mac should be reincorporated as private entities. They would become the first of... Read More

News From NAMB: January 12, 2018

Submitted by John Councilman on January 12, 2018
Court Rules Mulvaney Stays at CFPB
Judge Timothy J. Kelly has just ruled that Leandra English’s request for a preliminary injunction to remove Mick Mulvaney as Acting Director of the CFPB is denied.  Kelley, a Trump appointee, said its not about... Read More

News From NAMB: January 4, 2018

Submitted by John Councilman on January 04, 2018
Top Story: Trump Floating Names for CFPB Director
In the leaky bucket of Washington politics, a number of names have been floated as the new Director of the CFPB. Reports are that Jeb Hensarling House FSC Chair, Todd Zywicki, a law professor, and... Read More

News From NAMB: December 28, 2017

Submitted by John Councilman on December 28, 2017
Top Story
What was the Top Story of 2017?  Here’s your chance to name the news that was most important to you as the Top Story of 2017.  Send me an e-mail with a little blurb why your choice was the most important story of 2017.  I’ll include... Read More

A Message From Florida Association of Mortgage Professionals President Kimber White, CRMS

Submitted by Kimber White on December 27, 2017
The Age Old Question Wholesale or Retail?
The relationship between wholesale and retail origination, particularly regarding companies doing business in both channels, has once again become a popular topic of conversation in industry circles.... Read More