Officials of the National Association of Mortgage Brokers expect to see the latest effort to propose RESPA reform take shape this Friday, members of the group told attendees at their annual conference.Department of Housing and Urban Development officials are working on a "plan of action" for the latest proposal to reform the Real Estate Settlement Procedures Act, according to Roy DeLoach, vice president of government affairs at the NAMB. NAMB officials said they believe Washington official' approach is better this time around in that the latter have indicated they want to build an "80% consensus" on the issue. Incoming NAMB president Jim Nabors said the association just wants to make sure the NAMB "is in that 80%."
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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