The National Association of Mortgage Brokers has announced that its president, Harry Dinham, will serve on Fannie Mae's National Housing Advisory Council.The NHAC, consisting of 46 members from the housing, mortgage finance, and government sectors, meets with Fannie Mae's senior management three times a year to help the company "address industry challenges and maximize market opportunities," the association said. Council members serve two-year terms, with approximately half of the membership rotating off at the end of each year. "Serving on the council gives me the opportunity to further advance the cause of both mortgage brokers and homeowners on a national scale," said Mr. Dinham. NAMB can be found on the Web at http://www.namb.org.
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President Trump's executive order on mortgage credit calls on federal agencies to ease the path for eNotes, digital mortgages and remote notary, something lenders have been wrestling with for years.
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Accounting rules on loan lock timing helped drag down nonbank mortgage profits, the Mortgage Bankers Association said.
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Realtors and loan officers are wary of using artificial intelligence in place of a real estate agent, after a homeowner claimed to realize meaningful savings.
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The former Rocket employee said she faced pressure to resign after requesting remote-work accommodations and leaves of absence to deal with health conditions.
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Over the course of its first year in office, the second Trump administration has neutralized the enforcement of key civil rights laws by reorienting Consumer Financial Protection Bureau rules and eliminating "disparate impact" that allows banks to be penalized for the discriminatory effects of policies without proving discriminatory intent.
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In an interview at ICE Mortgage Technology's annual conference, Bob Broeksmit also expressed skepticism of market dominance among just a few large lenders.
March 17









