Mike Nazankiewicz has resigned as executive vice president and chief executive officer of the National Association of Mortgage Brokers, ending a six-year run at the helm of the trade group.His resignation was effective March 20. For now, his duties will be taken over by senior vice presidents Roy DeLoach and Cathi Eifert. Mr. Nazankiewicz, who joined the NAMB from the American Heart Association, is leaving for a career in "organizational guidance and leadership development," according to a statement released by the NAMB. A NAMB spokeswoman noted that he has spent a great deal of time working on the state level with broker trade groups, helping some states form their own trade organizations.
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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