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"January 25, 2025" Archives
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The Mortgage Bankers Association (MBA) on Friday sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, requesting that the bureau delay the compliance dates of a final rule requiring the registry of nonbank financial services providers. The bureau initially announced the proposed rule in late 2022, which would require certain nonbank entities…
Existing home sales ended the year on a positive note, which aligns with our weekly Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. We observed a shift in the forward-looking data starting in the summer, which continued throughout the year. Notably, we compared the…
Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending, a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024. “Our team has created a remarkable platform and brand,…