National Mortgage News

@NatMortgageNews

In-depth analysis, data and strategic developments spanning the entire mortgage industry. An @arizent_co brand.

New York

Joined April 2009

132Following

58KFollowers

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National Mortgage News@NatMortgageNews · Nov 18, 2022

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National Mortgage News@NatMortgageNews · 20 h

Gov. Logan said that her base theory for future monetary policy is keeping rates "modestly restrictive for some time to complete the work of returning inflation sustainably to the 2% target." By @mvol4ok nationalmortgagenews.com/news/feds-loga…

NatMortgageNews's tweet card. Lorie Logan, president of the Federal Reserve Bank of Dallas, said in a speech Wednesday that she is content to leave interest rates where they are, adding that she would want to see inflation fall...

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National Mortgage News@NatMortgageNews · Jul 25

“The ruling has sweeping implications for the RMBS industry and resolves longstanding ambiguity surrounding the accounting treatment for HAMP-modified loans,” said McKool Smith Principal Courtney Statfeld. By @bcynic nationalmortgagenews.com/news/legacy-rm…

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National Mortgage News@NatMortgageNews · 16 m

"Fraud in mortgage transactions can appear at multiple stages — from loan applications to closing, and even post-funding," said @fundingshield CEO Ike Suri. By @NMNBrad nationalmortgagenews.com/news/existing-…

NatMortgageNews's tweet card. An average of 2.2 issues found in problematic loan files shows existing tools are insufficient to detect vulnerabilities before closing, Fundingshield said

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National Mortgage News@NatMortgageNews · 2 h

"By bringing mortgage services in-house, we're creating an unprecedented level of convenience and oversight to the entire real estate transaction process," said Michael Liebowitz, @DouglasElliman. By @NMNBrad nationalmortgagenews.com/news/douglas-e…

NatMortgageNews's tweet card. The nation's sixth largest real estate broker has created Elliman Capital in a strategic alliance with Associated Mortgage Bankers.

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National Mortgage News@NatMortgageNews · 3 h

“Until we see a more meaningful improvement in purchasing power, this newfound balance will primarily benefit more well-off buyers," said Kara Ng, @zillow. By @Spencer_NYC nationalmortgagenews.com/news/housing-i…

NatMortgageNews's tweet card. Housing supply is returning to pre-pandemic levels, but the rise comes as new listings fall, pointing to subdued demand, leading real estate brokerages said.

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National Mortgage News@NatMortgageNews · 4 h

“The claims about financial instability or margin calls and challenges… are not only false and completely fabricated,” @synergy1lending CEO Steve Majerus said in a recorded video last week. By @mvol4ok nationalmortgagenews.com/news/synergy-o…

NatMortgageNews's tweet card. Synergy One Lending's CEO, Steve Majerus, is warning recruiters that if they do not stop spreading lies about his firm, the mortgage lender will take action

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National Mortgage News@NatMortgageNews · 5 h

Even before CSS rebranded as U.S. Financial Technology, experts had identified the platform as a way to help the administration monetize part of the GSEs while maintaining some government ties. By @bcynic nationalmortgagenews.com/news/how-fanni…

NatMortgageNews's tweet card. Recently revived plans for broader use of the repositioned common-securitization platform for monetization purposes may hearken back to past concepts.

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National Mortgage News@NatMortgageNews · 7 h

“With access to capital, we can empower homeowners to become home providers for thousands of renters in every metropolitan area,” said @RepGarbarino. nationalmortgagenews.com/news/new-legis…

NatMortgageNews's tweet card. The bill's sponsors say it can help address widespread problems with housing affordability by allowing homeowners to build accessory dwelling units.

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National Mortgage News@NatMortgageNews · 8 h

“It is essential to ensure there are no unreasonable restraints on a homeowner's ability to sell or refinance their home in the future due to unwarranted transaction costs,” said Elizabeth Blosser, @ALTAonline. By @Spencer_NYC nationalmortgagenews.com/news/rhode-isl…

NatMortgageNews's tweet card. The Ocean State is the latest to enact rules prohibiting the agreements that end up tying older homeowners to long-term contracts with real estate brokers.

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National Mortgage News@NatMortgageNews · 9 h

The regulator also recently announced a guilty plea from a former @HUDGov employee over false claims about her remote work activity. By @andrewomartinez nationalmortgagenews.com/news/arizona-m…

NatMortgageNews's tweet card. Prosecutors said the defendant will pay back $13,784 in restitution for federal housing assistance he fraudulently obtained between 2019 to 2020.

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National Mortgage News@NatMortgageNews · 21 h

“Americans across the country face a higher risk of harm from natural disasters” after cuts to a popular @fema program, the lawsuit alleges. nationalmortgagenews.com/news/states-su…

NatMortgageNews's tweet card. States warn that eliminating the BRIC program could leave rural areas vulnerable to extreme weather.

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National Mortgage News@NatMortgageNews · 22 h

The average length of time from foreclosure start to completion decreased to 645 days in the second quarter, the shortest since 2016, according to @Attomdata. By @Spencer_NYC nationalmortgagenews.com/news/foreclosu…

NatMortgageNews's tweet card. While foreclosure numbers in the first six months of this year were up compared to 2024, starts eased as the spring progressed, according to Attom.

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National Mortgage News@NatMortgageNews · 23 h

Under the direction of Neil Vince, a Goldman Sachs veteran who took over as CEO three years ago, @BNYglobal is reorganizing into what he calls a "platforms operating model" by streamlining and unifying many departments. By @nathplac nationalmortgagenews.com/news/bny-beats…

NatMortgageNews's tweet card. CEO Robin Vince refused to comment on "rumors or speculation" about a potential merger between the custody banking giant and its smaller rival, Northern Trust. He also said that the bar for BNY to...

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National Mortgage News@NatMortgageNews · 24 h

"Given the way the administration tends to operate, I think it's going to be spur of the moment," @ICBA's Ron Haynie said. "I think it's going to happen overnight or over a weekend." By @NMNBrad nationalmortgagenews.com/news/end-of-gs…

NatMortgageNews's tweet card. Given FHFA Director Bill Pulte's history of making regulatory pronouncements via X, some theorize the release of Fannie Mae and Freddie Mac could occur in the same way.

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National Mortgage News@NatMortgageNews · Jul 25

“When the opportunity came to fold SIMPL into the Ingenius platform, we didn’t hesitate. It wasn’t a sale — it was the natural next step,” said Fobby Naghmi, one of the platform’s developers. By @Spencer_NYC nationalmortgagenews.com/news/ingenius-…

NatMortgageNews's tweet card. The sale of SIMPL marked a natural evolution of the software platform that will allow it to reach its full potential, one of its developers said.

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National Mortgage News@NatMortgageNews · Jul 25

D.R. Horton jumps on profit beat despite soft housing market nationalmortgagenews.com/articles/d-r-h…

NatMortgageNews's tweet card. Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020.

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National Mortgage News@NatMortgageNews · Jul 25

The legal battle focused on activity in the past decade, including alleged negligent servicing practices to massive custodial account withdrawals. By @andrewomartinez nationalmortgagenews.com/news/freedom-m…

NatMortgageNews's tweet card. The confidential agreement comes two years after a federal jury awarded the subservicer $22.6 million in damages in a case with numerous competing claims.

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National Mortgage News@NatMortgageNews · Jul 25

If finalized, the rule change would revert the agencies to their 1995 CRA framework. By @ByKyleCampbell, @EbrimaSSanneh nationalmortgagenews.com/news/regulator…

NatMortgageNews's tweet card. The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency proposed a rule that would revert the anti-discrimination framework to its 1995 standards.

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National Mortgage News@NatMortgageNews · Jul 25

Existing-home sales fall to nine-month low on record prices nationalmortgagenews.com/articles/exist…

NatMortgageNews's tweet card. Sales of previously owned US homes fell in June to a nine-month low as potential buyers continued to bristle at record prices and high borrowing costs.

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National Mortgage News@NatMortgageNews · Jul 25

Investigators found the defendant grossly inflated one client’s bank account savings from $5 to $10,000 in loan documents. By @Spencer_NYC nationalmortgagenews.com/news/former-ru…

NatMortgageNews's tweet card. The Indiana loan officer was previously sued by Ruoff Mortgage for fraudulent originations it estimated would cost the company over $1 million to repurchase.

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