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Justice Department Settles with American Bank of Oklahoma Over Tulsa Redlining Allegations

Settlement aims to address lending discrimination in historically Black neighborhoods, including sites of the 1921 Tulsa Race Massacre.

Courts
Better Home & Finance Sued For $1.86 Million Over Unpaid Advertising Fees

Newly-public digital mortgage lender faces legal battle with Meredith Operations Corporation for alleged breach of contract.

Courts
Mortgage Sector Rebounds in Q2 2023, First Uptick in Two Years Despite Economic Volatility

ATTOM report reveals a 21% quarterly surge in residential mortgage activity and a shifting landscape in loan types, even as annual numbers lag behind.

Analysis and Data
Pending Home Sales Inch Up in July, Despite Year-Over-Year Decline

Regional variability noted as South and West show signs of recovery.

Analysis and Data
Industry Insiders Seek Regulation After CFPB Hits Credit Repair Giants With $2.7B Fine

Mixed reactions follow landmark settlement as some hope it could pave the way for future regulation and consumer protection.

Analysis and Data
Uptick In Mortgage Applications Despite Stagnant Rates, Reports MBA

Refinances and home purchases increase while yearly comparisons remain gloomy.

Analysis and Data
W-2s For Originators, Montana Says

The state reminds employers that MLOs are not independent contractors.

Regulation and Compliance
2023 Favorite Mortgage Employers

NMP’s annual look at the industry’s most beloved employers

Community
Favorite Mortgage Employers 2023
NMP
Top Of The World

Ben Cohen knows the way to chart the course, and he doesn’t consider inefficiency to be part of his vocabulary

Community
Ben Cohen
NMP
Non-QM Loans In High Demand, Experts Say

Looming Basel III changes have banks, brokers reaching into non-agency space

Non-QM