TODAY: Data shows inflation stubbornly above the Fed's 2% target, putting rate cuts in jeopardy. Join us on May 2 at 3 p.m., Eastern, as Lauren Saidel-Baker of ITR Economics®, parses the FOMC meeting, Chair Powell's press conference and looks at future policy.nationalmortgagenews.com/leaders/will-t…

.Freddie Mac previously allowed lender title-insurance alternatives only in areas where they were “commonly acceptable,” but it’s removing that restrictive language.
#mortgage #options

By Bonnie Sinnock nationalmortgagenews.com/news/fannie-ma…

The bill would also establish new functions, such as a public database to track voluntary reports of AI security and safety incidents and an artificial intelligence security center at the National Security Agency. #AI #mortgage

By Miriam Cross nationalmortgagenews.com/news/senators-…

Approximately 1,400 UWM team members were promoted and the median annual total compensation for employees came in at $77,028, a proxy filing from the company said. #mortgage #compensation

By Maria Volkova nationalmortgagenews.com/news/rocket-uw…

“Housing remains one of the few areas of bipartisan agreement, and poll results are consistent with what’s seen nationwide at the state and local levels,” said Brian Connolly, professor Ross School of Business. #mortgage

By Spencer Lee nationalmortgagenews.com/news/which-par…

Last year the CFPB embarked on a hiring spree in one of the largest recruitment drives at the agency in anticipation of litigation going forward. #mortgage #consumerregulation

By Kate Berry nationalmortgagenews.com/news/if-suprem…

“In their comments, lenders expressed particular frustration with the rising cost of TSP solutions, which many believe is driven by a lack of competition,” Fannie Mae researchers wrote. #technology #mortgage

By Spencer Lee nationalmortgagenews.com/news/mortgage-…

$FAF had the largest share among individual underwriters in 2023, at 22%, virtually flat with the 22.1% share one year ago. #titleinsurance #mortgage

By Brad Finkelstein nationalmortgagenews.com/news/title-ins…

The top five states with the lowest property taxes in the U.S. have an average effective real-estate tax rate of 0.44%. Read here for more about the tax rates and median home values in the top 20 states. #propertytax
bit.ly/3W3VyEc

During a six year stint at Brex, an AI-powered spend platform, Tannenbaum increased the headcount of the company from a three-person team in 2017 to more than 1,200 employees. #mortgage

By Maria Volkova nationalmortgagenews.com/news/figure-te…

Progress in bringing inflation down “is not assured, and the path forward is uncertain,” Chair Powell said. #FOMC #mortgage #monetarypolicy

By Spencer Lee nationalmortgagenews.com/news/rate-cuts…

Offers of compensation made to the buyer's real estate broker can be done off of the multiple listing service, the National Association of REALTORS® FAQ said. #realestate #homesales

By Brad Finkelstein nationalmortgagenews.com/news/realtors-…

“Fair housing issues are more likely to be top of mind for younger generations,” said Manny Garcia, Zillow. #mortgage #fairhousing

By Spencer Lee nationalmortgagenews.com/news/housing-d…

It's the anecdotes of miniature finance lessons nestled between the tales of jilted clients and warring executives that really give the book its gravitas, says @frankgargano1. #bookreviews #mortgage nationalmortgagenews.com/opinion/liars-…

Home-price gains accelerate in the U.S., climbing 6.4% in February #mortgage #homeprices nationalmortgagenews.com/articles/home-…

“First-time homebuyers represented 52% of new single-family home purchase loans. That's a new high for us,” said Chris Lown, Freddie Mac’s chief financial officer. #housing #policy

By Bonnie Sinnock nationalmortgagenews.com/news/freddie-m…

The complaint reflects growing regulatory tension over some fees charged in conjunction with payment services. #servicing #policy

By Bonnie Sinnock nationalmortgagenews.com/news/ftc-files…

Hill said that one of his goals in the next year is to show regulators and Congress that fintech 'can benefit banks. #mortgage #fintech

By Claire Williams nationalmortgagenews.com/news/rep-hill-…

The lawsuit is scheduled to go to trial in December. #mortgages #litigation #redlining

By Andrew Martinez nationalmortgagenews.com/news/wells-far…

“Application volume for both purchase and refinances declined over the week and remain well below last year’s pace,” said Mike Fratantoni, Mortgage Bankers Association. #mortgage

By Spencer Lee nationalmortgagenews.com/news/mortgage-…