A welcome drop in 30-year conforming mortgage rates to the low-6% range led to a burst of refinance activity early in the fall, with more than 300,000 mortgage holders closing refinance transactions in September and October. That’s according to the December 2024 Mortgage Monitor report from Intercontinental Exchange (ICE). “Homeowners pounced on their incentive to refinance…
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The Community Home Lenders of America (CHLA) on Monday submitted a letter to a House of Representatives subcommittee in which it urged lawmakers to provide higher funding levels already approved in the Senate for the Federal Housing Administration (FHA) and Ginnie Mae. The higher funding levels would go toward salaries and other expenses for the…
In an industry without formal education requirements, mortgage coaches can play a critical role in professional education and development. But gone are the days when loan officers were the only ones who needed to stand out from their competition — mortgage coaches are now the ones competing for a dwindling pool of LOs. At the same…
Just hours after The New York Times released an exposé on Monday in which it accused the National Association of Realtors (NAR) of covertly funneling funds to conservative groups through an affiliated nonprofit known as the American Property Owners Alliance (APOA), NAR fired back. In its article, the Times described the creation of the nonprofit…