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2 months ago | 
nationalmortgageprofessional.com | Ryan Kingsley |Harvey Mackay |Dave Hershman |Erica Drzewiecki
BY RYAN KINGSLEY, STAFF WRITER, NATIONAL MORTGAGE PROFESSIONAL BY RYAN KINGSLEY, STAFF WRITER, NATIONAL MORTGAGE PROFESSIONAL Defunded, shuttered, unplugged, deleted. Whatever stage of deactivation describes the Consumer Financial Protection Bureau (CFPB) for the foreseeable future, Russel Vought got his way. Plug in: Project 2025 specifically calls for the dismantling of the CFPB. Vought authored the chapter on executive powers.
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2 months ago | 
nationalmortgageprofessional.com | Harvey Mackay |Ryan Kingsley |Dave Hershman |Erica Drzewiecki
YOUR FIRST MILLION DOLLARS YOUR FIRST MILLION DOLLARS A monk decided to meditate alone, away from his monastery. He took his boat out to the middle of a lake, dropped anchor and closed his eyes to begin his meditation. After a few hours of serene, undisturbed silence, he suddenly felt the bump of another boat colliding with his.
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2 months ago | 
nationalmortgageprofessional.com | Lew Sichelman |Ryan Kingsley |Harvey Mackay |Dave Hershman
THE MORTGAGE SCENE The stories abound about screwed up closings. Usually it’s the home buyer’s fault. Did you hear the one about the buyers who purchased his-and-hers Dodge Challengers to celebrate on the morning settlement was set to take place? Or the young couple, already married, that co-signed on a loan for a diamond ring to celebrate buying a house? Or the buyer who retired from his job the day prior to closing? Needless to say, they didn’t get their loans.
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Jan 16, 2025 | 
nationalmortgageprofessional.com | Ryan Kingsley
Non-QM lender A&D Mortgage has entered a definitive agreement with Mr. Cooper Group to acquire the third-party origination (TPO) platform that Mr. Cooper Group acquired from Flagstar Bank last fall. Adding these wholesale and non-delegated correspondent channels is expected to expand A&D’s pool of broker partners to 8,500 — and expand their originate-to-securitize model into the agency space.
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Jan 16, 2025 | 
nationalmortgageprofessional.com | Ryan Kingsley
Matt Payan will focus on implementing Planet's 'fierce desire' to expand its distributed retail footprint The national mortgage lender, servicer, and asset manager Planet Home Lending has tapped industry veteran, Matt Payan, to be its new senior vice president (SVP) of distributed retail sales.
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Jan 16, 2025 | 
nationalmortgageprofessional.com | Ryan Kingsley
Panelists at the New England Mortgage Expo discuss best practices for recruiting and retaining originators More often than not, “happy accident” fairly characterizes the manner in which many mortgage professionals find themselves forging long-term careers in the mortgage industry. Take Steven Milner, founder and CEO of US Mortgage Corporation, founded in 1994, began his mortgage career in the 1980s after leaving a job as a math teacher.
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Jan 14, 2025 | 
nationalmortgageprofessional.com | Ryan Kingsley
“So, when a broker says, ‘Hey, I work with Rocket,’ the consumer says, ‘Wow, I really like the way they talked about homeownership,’" - Rocket Pro GM Dan Sogorka Rocket Pro GM Dan Sogorka reveals Rocket's unified strategy as it rebrands in 2025 The only national past-time more iconically American than football is the pursuit of homeownership. After that, convenience comes to mind, which may explain Rocket Companies' campaign to unify its entire brand — and the country — under one banner.
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Jan 14, 2025 | 
nationalmortgageprofessional.com | Ryan Kingsley |A Mile
Declining lock volumes and applications signal difficult conditions ahead with volatility on the upswing The first two weeks of 2025 have greeted the mortgage industry with heightened volatility, rising mortgage rates, and no clear indication that “normalization” is happening — unless, this is that.
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Jan 12, 2025 | 
nationalmortgageprofessional.com | Ryan Kingsley
Widespread underinsurance is the housing market’s dirtiest open secret. Forget the fallout from twisters in Iowa, hurricanes in Florida, wildfires in California, and Texas-sized hail storms. A more consequential threat looms.
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Jan 10, 2025 | 
nationalmortgageprofessional.com | Ryan Kingsley |A Mile
The equity blessings of rapid home price growth bear the curse of property-tax sticker shock Oh, the drain on the joys of home price appreciation, as homeowners who have gleefully watched their properties double in value since the beginning of the pandemic now experience the “catch” that accompanies those equity gains — higher property taxes. Property taxes vary by state because states have different ways of collecting revenue from their residents.
