NAMB legislative update: RESPA amendment to HR 1728 accepted – NMP Skip to main content

NAMB legislative update: RESPA amendment to HR 1728 accepted

National Mortgage Professional
Apr 29, 2009

MBA's Courson applauds Bank of America's "clarity commitment" MortgagePress.comBank of America, Mortgage Bankers Association, John Courson, Clarity Commitment John A. Courson, President and CEO of the Mortgage Bankers Association (MBA) has issued the following statement applauding Bank of America Home Loans's "Clarity Commitment," a new one page summary of loan information, terms and closing costs that the company will give borrowers both at loan application and at loan closing. "MBA applauds this initiative to help ensure that all borrowers clearly understand the loan they are getting and the fees they are paying. We have long believed that an educated, informed borrower is far less likely to end up in a loan they do not understand and cannot afford. Efforts like these will help restore faith and rebuild confidence in the housing and mortgage markets." For more information, visit www.mortgagebankers.org.
Published
Apr 29, 2009
loanDepot Dumping Brokers, Exits Wholesale

As company reports second straight quarterly loss, it announces plans to exit its wholesale business by Oct. 31, 2022.

Wholesale
Aug 09, 2022
UWM's Q2 Profit Up YOY, Despite Steep Drop In Originations

Q2 net income was up 55% from last year, while originations were down nearly 50% YOY

Industry News
Aug 09, 2022
Increasing Number Of Homes On The Market Longer

Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.

Industry News
Aug 09, 2022
Cenlar Appoints New Chairman, Co-CEOs

Dave Applegate, the new board chair, played a major role in launch of UMBS.

Wholesale
Aug 08, 2022
Zillow Introduces AI To Home Shopping

Using Zillow's AI-generated floor plan tool, U.S. Home shoppers can get a deeper sense of a home without stepping inside.

Industry News
Aug 08, 2022
Class Action Lawsuit Filed Against Equifax Over Glitch

Complaint stems from errors in credit scores made earlier this year.

Industry News
Aug 08, 2022