2006 commercial/multi-family originations up 10 percent

Jul 29, 2007

NAMB approves 1st Reverse Financial reverse mortgage courseMortgagePress.comReverse mortgage broker continuing education Authorized by the National Association of Mortgage Brokers, 1st Reverse Financial Services LLC has created an updated reverse mortgage continuing education course for NAMB members called Reverse Mortgage 101. Ralph Rosynek, Terry Bivins and David Cesario designed the course and unveiled it at the NAMB 2007 Annual Convention & Exposition, "NAMB Reigns," in Seattle in June. Westmont, Ill.-based 1st Reverse Financial Services LLC is a subsidiary of Family Federal Savings of Illinois, a federally chartered thrift. For more information, call (877) 574-1000 or visit www.1streverse.com. The National Association of Mortgage Brokers, based in McLean, Va., is a national trade association that represents the mortgage brokering industry. For more information, call (703) 342-5900 or visit www.namb.org.

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Jul 29, 2007

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...