NMP – Mortgage News – Daily News, Rates, and Analysis
The source for daily mortgage news. Rates, analysis, and industry insight for mortgage advisors, originators, bankers, and all loan origination professionals. Home of NMP, Mortgage Banker, and Mortgage Women Magazine.
Mr. Cooper To Acquire Rushmore Residential Loan Servicing …
Apr 26, 2023 · Rushmore Loan Management Services LLC, a mortgage servicer based in Irvine, Calif., announced Wednesday it has entered into a definitive agreement to sell its residential mortgage servicing platform to Dallas-based Mr. Cooper Group, one of the largest home loan servicers in the country. The deal follows Mr. Cooper's agreement, announced in February, to acquire Rushmore's parent firm, Roosevelt ...
Mr. Cooper To Buy Flagstar's Mortgage Servicing, TPO Platform
Jul 25, 2024 · Mr. Cooper has entered into a “definitive agreement” to buy Flagstar Bank’s residential mortgage servicing business for $1.4 billion, including their mortgage servicing rights (MSRs) and third-party origination (TPO) platform, the company announced in a press release Thursday.. Flagstar Bank is a subsidiary of New York Community Bankcorp, Inc. (NYCB), acquired by NYCB at the end of 2022.
Mortgage Events, Conferences, Webinars, and Expo Shows | NMP
NMPs calendar of upcoming events for originators and mortgage bankers. Attend in-person conferences, expo shows, virtual conferences, webinars, and other events. Find events from our Mortgage Leadership Outlook series to national conferences by Originator Connect Network.
Slowing Home Appreciation Raising Default Risk For Purchase …
Jan 8, 2025 · For the first time in three years, home purchase loans are considered just as risky as refinance loans, according to the third quarter (Q3) 2024 results of the Milliman Mortgage Default Index (MMDI). Global consulting and actuarial firm, Milliman Inc., reveals the latest monthly estimate of the lifetime serious delinquency (180 days or more delinquent) rates of U.S.-backed mortgages.
Ally Financial To Exit Origination Business – NMP
Jan 8, 2025 · The Detroit, Mich.-based Ally Financial is exiting the mortgage origination business, as first reported by The Charlotte Observer. The holding company and financial services provider offers mortgage lending services through its digital-only banking subsidiary, Ally Bank.
The Next Gen Mortgage Masters | NMP Magazine
Meet NMP Magazine’s 40 Under 40 Class of 2024 — the trailblazers transforming the mortgage industry with fresh ideas and boundless energy. From cyber resilience champion Jordan Bingham tackling rising threats to STRATMOR Group’s Garth Graham forecasting transformative trends, this issue equips you to navigate the industry's next big challenges.
Planned Community Home Sales Resilient In 2024 – NMP
Jan 8, 2025 · Mortgage brokers considering a change of venue this year may want to think about setting up shop in a master-planned community (MPC). Despite difficult sales conditions, MPC’s held their own through 2024, and are fairly consistent in terms of annual sales, according to …
The $32 Trillion Opportunity For 2025 | NMP
With 2025 fast approaching, now is the time to plan ahead and seize new opportunities in the housing market. Over $32 trillion in homeowner equity remains "trapped" as borrowers seek ways to access their wealth for home improvements or debt consolidation—without sacrificing their historically low first mortgage rates.
Former Trump Treasury Official To Guide Freddie Mac Corporate …
5 days ago · Freddie Mac has hired Craig Phillips, a former Treasury Department official under the first Trump administration, as executive vice president of corporate strategy and external affairs.. Phillips will work with the company’s leadership, the GSE said in a press release, “to support the dynamic evolution of the company’s strategy” …