AllRegs, Eagan, Minn., has become the exclusive training provider for the National Association of Mortgage Brokers and will begin offering mortgage origination and compliance instruction to members and other originators starting early next year. AllRegs said it would offer several forms of training, including audio programs, self-study online courses, instructor-led webinars and classroom programs. Courses are slated to focus on topics that include fair lending, state compliance, Federal Housing Administration, Truth in Lending Act, Real Estate Settlement Procedures Act, the Housing and Economic Recovery Act and ethics.
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The lender said it closed its Eleven Mortgage brand and its correspondent business to focus on retail, and did not elaborate on potential layoffs.
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Gold Star Mortgage hasn't said whether it suffered a data breach after cybercriminals claim to have compromised over 10,000 documents from the lender.
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The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
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With little action towards privatization this year, the timeline in 2027 is also narrowing as the focus shifts to the 2028 election, Bose George said.
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The White House's top economist says inflation is already at the Fed's 2% target and suggested that further rate hikes could jeopardize growth.
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Self-employed borrowers account for 40.9% of the pool, but they are high earners and the pool has moderate leverage.
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