TODAY! he Federal Reserve is expected to cut interest rates this month and provide a new Summary of Economic Projections. Join us Sept. 19 at 1 p.m., Eastern, as State Street's Marvin Loh, examines the meeting, SEP and Jerome Powell's press conference. nationalmortgagenews.com/leaders/will-t…

Canada brings back 30-year mortgages for first-time homebuyers nationalmortgagenews.com/articles/canad…

"Expectations for further rate cuts are already priced in, and if the Fed under-delivers as new data comes in, mortgage rates could rise again," said Orphe Divounguy of Zillow. By Brad Finkelstein nationalmortgagenews.com/news/why-mortg…

"The commitments we are announcing today are consistent with our bank's 122-year history of providing credit and other financial services to all residents of the communities we serve," said Christopher Maher of OceanFirst Bank. By Brad Finkelstein nationalmortgagenews.com/news/new-jerse…

Mortgage and technology companies emphasized in demos how their solutions are primed to help originators get a jump on retaining refinance customers. By Andrew Martinez nationalmortgagenews.com/list/tech-demo…

“We found consumers with a mortgage who consolidate balances on revolving charge or credit cards are more likely to prepay their loans and less likely to fall behind,” said Joni Baker, lead modeler Andrew Davidson & Co. By Bonnie Sinnock nationalmortgagenews.com/news/how-trend…

“We support Vice Chair Barr’s recommendation to recalibrate some provisions that would have had negative impacts on single-family housing,” said Bob Broeksmit, president and CEO Mortgage Bankers Association. #BankCapital #ResidentialFinance By Bonnie Sinnock nationalmortgagenews.com/news/mortgage-…

New Hampshire, South Dakota, Indiana, Alaska and Wyoming are the states where mortgage delinquency increased the least between Q4 2023 and Q1 2024, according to WalletHub. Read more here. bit.ly/3LIHKZ6

"The rush to close deals led to an explosion in wire fraud, as criminals capitalized on the human errors made due to the increased volume and speed at which transactions were being processed," CertifID LLC said. By Brad Finkelstein nationalmortgagenews.com/news/higher-wi…

"An exit from conservatorship is not a 2025 event. It's more ‘27/‘26," former FHFA Director Mark Calabria, commenting at Bipartisan Policy Center event on what could happen if there were a second Trump presidency. #election2024 #housingpolicy By Bonnie Sinnock nationalmortgagenews.com/news/how-a-tru…

“Our ultimate goal is to show broker partners that don't do business with us some of the benefits and some of the things that we can do because of our size and our liquidity,” said Mike Fawaz, EVP Rocket Pro TPO. #mortgage By Andrew Martinez nationalmortgagenews.com/news/rocket-pr…

“The question about a housing czar is can they make all the cats go in one direction? That’s a tough job,” said consumerfinance.gov’s Mark McArdle. #mortgage #housing By Maria Volkova nationalmortgagenews.com/news/cfpb-assi…

"Recent measures of home price growth, including our own, have continued to come in stronger than previously expected,” said Mark Palim, Fannie Mae. #housingmarket #mortgage By Spencer Lee nationalmortgagenews.com/news/how-the-h…

Some of the companies serving as the plaintiff’s partners in the loan transactions had unusual names related to Hell or the netherworld, such as Devil Management Corp., Satan Management Corp. and Lucifer Management Corp. By Spencer Lee nationalmortgagenews.com/news/fannie-ma…

“Historically, defect rates decrease when there is a decline in origination levels; however, that was not the case for Q1,” said Nick Volpe, ACES Quality Management. By Spencer Lee nationalmortgagenews.com/news/mortgage-…

Last month, the Federal Home Loan banks pushed back on a request from the Treasury to set aside 20% of their profits for affordable housing, By Kate Berry nationalmortgagenews.com/news/how-the-h…

.@ufcu names head of mortgage operations, Hometap finds chief information officer, CMG Home Loans ups reverse lending team and more recent industry moves and promotions. By Spencer Lee nationalmortgagenews.com/list/fairway-r…

"The idea is that we will move as a group to put this again out for comment, and then the comments will come back 60 days later, and we'll dive into bringing this to a conclusion sometime the first half of next year," Powell said. By Kyle Campbell nationalmortgagenews.com/news/powell-re…

"We urge the House and Senate to pass the conference report to the NDAA and for the president to quickly sign this into law," Rob Zimmer of Community Home Lenders of America said. By Brad Finkelstein nationalmortgagenews.com/news/are-trigg…

Confidence rises among home builders before Fed move nationalmortgagenews.com/articles/confi…