NMP – Mortgage News – Daily News, Rates, and Analysis
The source for daily mortgage news. Rates, analysis, and industry insight for mortgage advisors, originators, bankers, and all loan origination professionals. Home of NMP, Mortgage Banker, and Mortgage Women Magazine.
Mr. Cooper To Acquire Rushmore Residential Loan Servicing …
Apr 26, 2023 · Rushmore Loan Management Services LLC, a mortgage servicer based in Irvine, Calif., announced Wednesday it has entered into a definitive agreement to sell its residential mortgage servicing platform to Dallas-based Mr. Cooper Group, one of the largest home loan servicers in the country. The deal follows Mr. Cooper's agreement, announced in February, to acquire Rushmore's parent firm, Roosevelt ...
Congress Fits Trigger Lead Ban Into The 2025 Budget
Sep 23, 2024 · Senate Amendment 2358, banning 'abusive' trigger leads, was added to the Senate's Fiscal Year 2025 NDAA
The Latest Daily News for Mortgage Professionals | NMP
3 days ago · All the news from the mortgage industry for originators, including rates, analysis, technology, non-QM loans and other lending products, mortgage hires, and other mortgage industry updates.
Rocket Pro TPO Takes Off 24 BPS For Brokers – NMP
Nov 4, 2024 · In the spirit of this upcoming Thanksgiving, Rocket Pro TPO, the wholesale lending arm of Rocket Companies, is providing its broker partners a 24 basis-point credit for all eligible loans as part of its new 24 Takeoff promotion, available now through Nov. 17. Rocket Pro TPO Executive Vice President Mike Fawaz unveiled the 24 Takeoff promotion in a YouTube video posted today, stating that the ...
Nominations Open For The 2025 Mortgage Lending Women Of …
Nov 12, 2024 · At National Mortgage Professional, we know that within the mortgage industry, countless women are leading with vision, passion, and resilience. They’re the ones breaking down barriers, lifting others up, and driving meaningful change in their companies and communities. With the 2025 Mortgage Lending Women of Inspiration Awards, we’re honored to shine a spotlight on these outstanding ...
Joint Ventures Amp Up, loanDepot Partners With Smith Douglas …
Nov 11, 2024 · Joint ventures (JVs) are becoming all the rage as more mortgage lenders look to capture inventory of either builders, Realtors, or MSRs. After loanDepot announced its third quarter earnings for 2024 — its best-performing quarter since 2021 — the California-based lender revealed its new joint venture with Smith Douglas Homes, a large nationwide home builder, to provide a streamlined ...
A&D Mortgage Premiers CRM For Brokers – NMP
Nov 12, 2024 · One of the U.S.'s top Non-QM lenders has launched a customer relationship management (CRM) tool hailed to “revolutionize the mortgage broker industry.” Mortgage brokers, of course, will be the judge of that.
CFPB Announces Revised Method For Determining APOR
Apr 14, 2023 · The Consumer Financial Protection Bureau (CFPB) on Friday announced a revised version of its “Methodology for Determining Average Prime Offer Rates" (APOR). The revision describes the calculations used to determine …
SPS Acquires Rushmore Loan Management Services – NMP
Sep 19, 2022 · Select Portfolio Servicing Inc. (SPS) has entered into a definitive asset purchase agreement with Rushmore Loan Management Services LLC to acquire certain Rushmore assets, the company announced today. The acquisition will include hiring Rushmore servicing personnel and assuming Rushmore servicing contracts, it said.