Mortgages

Depending on how far rates fall, loan officers could be on the hook for a significant part of their compensation if borrowers refinance in an expedited period.

Six years after Pres. Trump signed Dodd-Frank reform, the Consumer Financial Protection Bureau issued rules bringing these loans under Truth-in-Lending.

Nonagency issuances are expected to increase 85% for this year over 2023, and rise another 36% in 2025, the second best since the financial crisis.

The sales pace of new constructions in November was the third highest this year, according to the Mortgage Bankers Association.

Bon Salle has more than 30 years of experience in areas that include the mortgage capital markets, and has served on the board at industry fintech Polly.

The Texas Department of Savings and Mortgage Lending is requiring loan officers to notify borrowers if their contact information was obtained through trigger leads.

The bank ends the year with a substantially different profile from early 2024, which brought new leadership, a significant reduction to its mortgage operations and a corporate rebrand.

Mortgage originators should expect more of those interest rate dips that took place in September, but when they happen is the unknown factor, economists said.

President-elect Trump's victory comes with the support of a Republican Congress. Also in November, many states voted on local property tax matters.

More than half of all borrowers used discount points for mortgages that year, including two-thirds of refinance customers.