The NMP Blog
 |
News From NAMB: October 13, 2017Submitted by John Councilman on October 13, 2017Top Story: National Flood Insurance Program is Out of Money!
In an urgent letter to Vice-president Mike Pence, Mick Mulvaney, the Director of the Office of Management and Budget warned the National Flood Insurance Program is broke. Mulvaney... Read More |
|
|
News From NAMB: October 5, 2017Submitted by John Councilman on October 05, 2017Top Story: Watt Implores Congress Not to Let Fannie/Freddie Go Fundless In his appearance before the House Financial Services Committee this week, FHFA Director Mel Watt showed an evolving stand on GSE reform. It seems quite clear that the divide is... Read More |
|
|
News From NAMB: October 2, 2017Submitted by John Councilman on October 02, 2017Top Story: Cordray Tells Equifax Get Used to a “New Regime”
CFPB Director Richard Cordray told Equifax and the other bureaus, via CNBC and other media, “They’re going to have to recognize the old days of just doing what they want, being subject... Read More |
|
|
News From NAMB: September 21, 2017Submitted by John Councilman on September 21, 2017Top Story: CFPB Finds TRID Violations Still Happening
The Consumer Financial Protection Bureau just released it September Supervisory Highlights which list adverse findings in their examinations. In the mortgage origination category, here are... Read More |
|
|
News From NAMB: September 8, 2017Submitted by John Councilman on September 08, 2017Top Story: It Wasn’t Subprime Mortgages After All
The more we research, the more we realize that, while subprime played a part, it was not the primary cause of the mortgage crisis. A new study by the National Bureau of Economic Research says it... Read More |
|
|
News From NAMB: August 31, 2017Submitted by John Councilman on August 31, 2017Top Story: First-Time Buyers Highest In 18 Years
First-time buyers came out in droves in the 2nd quarter of 2017. More first-time buyers bought homes than in any quarter since 1999 according to Genworth’s latest Market Report. Q2 2017 zoomed past... Read More |
|
|
News From NAMB: August 28, 2017Submitted by John Councilman on August 28, 2017Top Story: The Death of the Real Estate Appraisal Profession
The ball is rolling quickly to eliminate field appraisers from many loans. Freddie Mac announced this week that home buyers, not just those refinancing, may be eligible for an... Read More |
|
|
News From NAMB: August 18, 2017Submitted by John Councilman on August 18, 2017Top Story: Federal Reserve is Stumped
The minutes from Wednesday’s Federal Reserve meeting revealed one of the largest divisions of opinion we have seen. Clearly, the current economy makes no sense to the group. We have full employment but wage... Read More |
|
|
News From NAMB: August 11, 2017Submitted by John Councilman on August 11, 2017Top Story: Zillow May Have to Change Ad Model
Zillow turned in pretty respectable results for the 2nd quarter but still managed to lose money. That is one of the weird things about stocks. It isn’t your profits; it’s your growth potential. ... Read More |
|
|
News From NAMB: August 4, 2017Submitted by John Councilman on August 04, 2017Top Story: Freddie Kills 1% Down Program
Without giving a reason, Freddie Mac suddenly announced it was discontinuing its Home Possible Advantage program that allowed borrowers to have as little as a 1% down payment. Lenders were allowed to fund... Read More |