The top three mistakes most originators make while networking

National Mortgage Professional

Nov 09, 2006

Impac Mortgage Holdings enhances iMAP market analysis platformMortgagePress.comMortgage market analysis Impac Mortgage Holdings Inc. has announced several enhancements to iMAP, its Web-based market research tool for correspondent lenders and brokers. Among these enhancements, Impac has added 20 percent more market data, enabling users to analyze a target market by credit grade, occupancy status and product type (prime, alt-A or sub-prime). In addition, the upgrades enable users to sort state and metro areas by their individual Impac Risk Index score, as well as by their overall ranking, and include improved graphical interfaces. Impac Mortgage Holdings Inc. is a real estate investment trust, based in Newport Beach, Calif. For more information, call (800) 597-4101 or visit www.impaccompanies.com.

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Nov 09, 2006

Regulation and Compliance

CFPB Slaps Bank Of America With $12 Million Penalty For False Mortgage Data Reporting

For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions.

The Consumer Financial Protection Bureau (CFPB) issued a $12 million penalty against Bank of America for submitting inaccurate mortgage lending information to the federal government. The consent order issued Tuesday says that for a period of at least four years, Bank of Ame...

Regulation and Compliance

Rising Home Values Propel Higher Loan Limits

FHFA Announces 5.6% Increase in Conforming Loan Limits for 2024

The baseline conforming loan limit for one-unit properties under government-sponsored enterprise mortgages in 2024 will rise to $766,550, marking a 5.6% increase from the current limit. In high-cost areas, the GSE loan limit for one-unit properties will reach as high as $1.1...