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News From NAMB: December 15, 2017

Submitted by John Councilman on December 15, 2017
Top Story: New App Shows Brokers Gaining Volume
I am often asked, “What is the broker share of the market?”  Thompson-Reuters is claiming to be able to answer that question and many others within seconds.  They are giving a free peek at some of... Read More

News From NAMB: December 8, 2017

Submitted by John Councilman on December 08, 2017
Top Story: Changes Start At CFPB
Acting Director Mick Mulvaney has begun reshaping the CFPB.  His first act was to place a freeze on any new hiring and regulatory action.  This week, Mulvaney appointed Brian Johnson, an attorney and aide to House... Read More

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

Submitted by Kimber White on December 07, 2017
The relationship between wholesale and retail origination, particularly with regard to companies doing business in both channels, has once again become a popular topic of conversation in industry circles. Specifically, the recent conversation has focused on... Read More

News From NAMB: November 30, 2017

Submitted by John Councilman on November 30, 2017
Top Story: Cordray Resigns, Attempts to Name His Successor
CFPB Director Richard Cordray turned in his resignation Friday.  That was expected, but Cordray also hand-picked his own successor, or at least tried to.  Cordray named Leandra English,... Read More

News From NAMB: November 22, 2017

Submitted by John Councilman on November 22, 2017
Top Story: Reverse Mortgage Foreclosures Jump 646% in 2016
A huge spike in HECM reverse mortgage foreclosures was revealed when the California Reinvestment Coalition and Jacksonville Area Legal Aid filed a Freedom of Information Act (FOIA)... Read More

News From NAMB: November 17, 2017

Submitted by John Councilman on November 17, 2017
Top Story: CFPB Director Cordray Resigns
CFPB Director Richard Cordray sent a letter to his staff today informing them that he will resign by the end of the month.  Democrats loved Cordray but Republicans has no use for him.  There is little... Read More

News From NAMB: November 13, 2017

Submitted by John Councilman on November 13, 2017
FHA Reports Show Slight Gain
FHA releases two important reports that tell us about the size and performance of its guarantee portfolio.  In the 3rd quarter, FHA endorsed 305,438 forward mortgages, for an annualized figure over 1.2 million; very... Read More

News From NAMB: November 3, 2017

Submitted by John Councilman on November 03, 2017
Top Story: Top Financial Congressman to Retire
The Chairman of the House Financial Services Committee, Jeb Hensarling, announced that he will not run for reelection in 2018.  Hensarling is a constitutional conservative who believes government’s... Read More

News From NAMB: October 26, 2017

Submitted by John Councilman on October 26, 2017
Top Story: MBA’s Stevens Announces His Retirement
Mortgage Bankers Association President and CEO David Stevens announced at the MBA Conference that he plans to retire effective September 30, 2018.  The announcement shocked conference attendees... Read More

News From NAMB: October 19, 2017

Submitted by John Councilman on October 19, 2017
Top Story: Cordray May Be Stuck At the CFPB
After playing footsie with Republicans about running for Ohio governor, Richard Cordray may stay at the CFPB until his term expires in July of 2018. One of the state’s most recognized Democrats, Ohio... Read More