Early responses to our latest survey question are running more than 2-to-1 against the idea that mortgage brokers and loan officers should have a legally imposed fiduciary duty to their borrowers.As of midday Friday, the tally stood at 108 in favor and 222 opposed. To go to the survey, see the left column of the NMN home page.
The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
The top five loan officers produced an average of 628 loans in 2023.
