If the Fed cuts rates from about 5.3% to 4.3% it will mean that "a lot of more loans come out of 'criticized' into 'performing status," M&T Bank Chief Financial Officer Daryl Bible said. #mortgage #CRE
National Mortgage News
Online Media
New York, New York 53,339 followers
In-depth analysis, strategy and data spanning the entire residential mortgage industry. An Arizent brand.
About us
National Mortgage News provides award-winning news, analysis and perspective serving the entire residential mortgage industry, including depositories, nonbank lenders and servicers, brokerage firms, vendors and regulators. In addition, NMN convenes industry participants to provide insight on topics including regulation, compliance, technology and loss mitigation.
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http://www.nationalmortgagenews.com/
External link for National Mortgage News
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- Online Media
- Company size
- 201-500 employees
- Headquarters
- New York, New York
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- Privately Held
- Founded
- 1976
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1 State Street Plaza
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New York, New York 10004, US
Employees at National Mortgage News
Updates
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A Senate budget bill includes language regulating the use of mortgage trigger leads, legislation that much of the industry supports.
Are trigger leads close to getting corked?
National Mortgage News on LinkedIn
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“Moderation in interest rates, coupled with the large volume of loans maturing in coming quarters, should prompt an uptick in mortgage borrowing from low levels,” said Jamie Woodwell, head of commercial real estate research at the Mortgage Bankers Association.
Multifamily, commercial forecast signals change of fortune
nationalmortgagenews.com
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How's Better getting better? Tune in, on demand, to our recent leaders forum for a discussion with its new COO and mortgage veteran Chad Smith about tech and LO strategies for thriving in a higher rate environment. - https://bit.ly/3YtuM9w
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Michael D. Rodriguez, J.D., Lance Johnson, Austin Lampson, Vicky Brietzke and Ralph G. Tancredi, Sr., CPA are among the producers with the largest jumbo loan volume in 2023. Check out the rankings to find out the dollar volume and number of loans originated by the top 20 producers.
20 producers with the largest jumbo loan volume
nationalmortgagenews.com
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National Mortgage News reposted this
I know I am preaching to the choir here, but just because the Federal Open Market Committee drops the Fed Funds Rate target, mortgage rates are not guaranteed to follow -- and yes there is an even chance that they will rise in the short-term. How many originators will be getting calls the next few days talking to people who are astonished that mortgage rates didn't drop a half a percentage point?
Why mortgage rates might rise after Fed cut
nationalmortgagenews.com
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The most recent challenges were called "throw-it-against-the-wall-and-see-what-sticks" arguments devised to delay CFPB enforcement actions and rulemakings by Georgetown University Law Center's Adam Levitin. #mortgage #regulation
New wave of challenges to CFPB's funding gains steam
nationalmortgagenews.com
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The top five metros where home construction is increasing the fastest had an average change in value of new residential housing units of 81.98% between Q4 2022 and Q4 2023. Check out the rankings for more about these metros. https://bit.ly/471JDtQ #housingmarkets
20 large metros where home construction is growing the fastest
nationalmortgagenews.com
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ICYMI: In one of the most difficult stretches for home lenders in years, mortgage companies are seeing a new business landscape emerge. Tune in, on demand, to our recent discussion with Lower CEO Dan Snyder in the Arizent leaders forum for a discussion on industry consolidation, expectations for the market this year and the challenge of building and maintaining a business through good and bad cycles.
Navigating change in the mortgage industry
nationalmortgagenews.com
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“It's very important that we get this program across the finish line as it will promote stability and growth in the HMBS marketplace, and will certainly relieve liquidity pressures,” said Steve Irwin, president of the National Reverse Mortgage Lenders Association (NRMLA). #housing #policy #mortgage
Industry unifies to help finalize HMBS buyout relief
nationalmortgagenews.com