The Mortgage Bankers Association said Wednesday that its annual convention will begin on schedule in Orlando, Fla., this Sunday despite the fact that Hurricane Wilma is threatening the southern part of the state."Nothing has changed," said a trade group spokeswoman. "We are not canceling." Paul Green, the MBA's senior vice president of corporate relations, issued a statement saying that the MBA is closely tracking the hurricane but that, based on "facts being provided by the National Hurricane Center," Hurricane Wilma will be "well south" of Orlando. The storm is expected to make landfall in the next few days, reaching the South Florida mainland late Saturday night.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24