By a significant margin, responses to our recent survey question about the merger between the Mortgage Bankers Association and the National Home Equity Mortgage Association said the merger will be good for the industry.The final tally was 140 saying the merger will be good, and 89 saying it won't. (The nay votes ballooned to more than 600 on Oct. 22, when 537 nays from a single computer were recorded in a matter of five minutes, according to NMN's webmaster. All but one of those nay votes were subtracted from the final tally.) Check out the latest survey question in the left column of the NMN home page.
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Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
4h ago -
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
5h ago -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
8h ago -
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
11h ago -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
May 6