The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017. Since then, the industry has been waiting with bated breath for someone to fill the role.
A communique that NAR fired off Monday gives clues on what the Biden administration's probe into the real estate trade group looks like – with one area of investigation NAR's ban on pocket listings. HW+ Premium Content
While the recent movements in interest rates may provide some additional refinancing volume and an ability to take another bite at the apple, rates will undoubtedly rise in the coming years. The industry knows this and is looking for ways to increase profitability while preserving origination volume optionality. Presented by SitusAMC
Forbearance exits revved up to their fastest pace since March, with Fannie and Freddie loans declining 11 basis points to 1.52% for the week ending Sept. 5.
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Old Republic International will pay $1 million to settle charges that it entered into "no-poach" agreements to stifle labor competition, the New York Attorney General's Office said.
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