The National Association of Mortgage Brokers has announced that Congress recently proclaimed June 7 National Mortgage Broker Day.Rep. Bob Ney, R-Ohio, led the effort to issue the proclamation, which was entered into the Congressional Record on May 11, the NAMB reported. The NAMB also announced that the association has declared June 2004 National Mortgage Broker Month. During the month, and throughout the year, NAMB members around the country will present a program titled "Are You Prepared to Head Down the Road to Homeownership?" The NAMB can be found online at http://www.namb.org.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18