The National Association of Mortgage Brokers has committed $325,000 to the NAMB Hurricane Relief Fund created to assist NAMB mortgage brokers and other members affected by Hurricane Katrina.The board of directors approved the action to help members who lost homes and businesses in Alabama, Louisiana, Mississippi, and parts of Florida. "Because the vast majority of mortgage brokers are small-business people serving their local communities, Hurricane Katrina was catastrophic to them in many ways," said NAMB president Jim Nabors. "Many lost their homes, their offices, and their markets. The board saw immediately the impact this would have on our members, and we are determined to offer as much help as possible." Contributions are also pouring in from individual states. The California Association of Mortgage Brokers has contributed $25,000 to the fund and other NAMB state affiliates and industry partners are embracing the relief campaign, the organization said. The NAMB can be found online at http://www.namb.org.
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The head of the Consumer Financial Protection Bureau summarized his findings from a yearlong probe into the Appraisal Foundation. He says the "lawmaking body" is not accountable to the public or market forces.
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The top five depositories have a combined wholesale volume of more than $15 billion at the end of Q4 2023.
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Among opportunities to be offered to the program's fifth class of startup entrepreneurs are bank-provided mentorships and sessions with technology leaders and regulatory experts within home finance.
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Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.
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The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.
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The racial gap in first-time buyers' ability to maintain their status as owners has also narrowed over the last two decades, the agency's researchers reported.
March 18