Mortgage Professional America

Mortgage Professional America Mortgage Professional America is the leading online news and information source for the US mortgage
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Mortgage Professional America (MPA) is the country’s leading news and information website for today’s sophisticated mortgage and finance professional. MPA is a key business resource the industry turns to for in-depth coverage of news, opinion and analysis, market trends and business intelligence. MPA tackles the issues that others simply don't understand, reporting on individuals and companies tha

t shape the industry, and providing analysis that can't be found in mainstream media as well as being packed with the latest business best-practice information. MPA also features a range of unique annual surveys and special reports that recognize key individual and business accomplishments, as well as providing an ongoing snapshot of an industry that is continually evolving. Subscribe to our free e-newsletter service today and we’ll keep you up-to-date with the latest breaking news, cutting-edge opinion, and expert analysis affecting both your business and the industry as whole.

Toronto-Dominion Bank (TD) has expedited the appointment of Raymond Chun as CEO, effective Feb. 1, 2025, in response to ...
01/17/2025

Toronto-Dominion Bank (TD) has expedited the appointment of Raymond Chun as CEO, effective Feb. 1, 2025, in response to substantial anti-money-laundering (AML) issues.

Transition comes as company slashes executive pay

Mortgage rates hit 7.09%, posing challenges for buyers. Anchor Home Loans' David Kakish stresses the importance of guida...
01/17/2025

Mortgage rates hit 7.09%, posing challenges for buyers. Anchor Home Loans' David Kakish stresses the importance of guidance over sales, urging brokers to help clients assess affordability amid uncertainty over future rate trends.

Plenty of hopeful homebuyers are alarmed by a recent jump in rates past the 7% mark – and now is the time for cool heads

President-elect Donald Trump has nominated Bill Pulte to lead the FHFA, with plans to guide Fannie Mae and Freddie Mac o...
01/17/2025

President-elect Donald Trump has nominated Bill Pulte to lead the FHFA, with plans to guide Fannie Mae and Freddie Mac out of conservatorship. Industry leaders, including UWM CEO Mat Ishbia, welcome Pulte's housing expertise, calling it "a win for everybody."

Moving Fannie and Freddie out of government conservatorship is likely to be a key priority for the incoming director

Best-in-class technology meets unmatched operational expertise. SitusAMC empowers mortgage professionals with innovative...
01/16/2025

Best-in-class technology meets unmatched operational expertise. SitusAMC empowers mortgage professionals with innovative warehouse finance solutions to scale their businesses and stay ahead in a dynamic market.

From cloud-based software to operational services, see how their expertise is helping clients fund loans in record time and achieve 30% cost savings.

Best-in-class. Market-leading. One-stop-shop. SitusAMC is on a mission to create a suite of warehouse lending products and services that fulfill these descriptors, and the dedicated team moves the needle on that goal every day

Rocket Companies has rebranded as "Rocket" to unify its services and create a streamlined experience for homebuyers. Key...
01/15/2025

Rocket Companies has rebranded as "Rocket" to unify its services and create a streamlined experience for homebuyers. Key changes include renaming Amrock as "Rocket Close" and "Rocket Title Insurance Company," alongside a revamped logo, wordmark, and color palette.

It claims the brand will boost inclusivity and engage homebuyers

Nathan Zielinski from RCN Capital shares insights on how private lending can help investors seize opportunities, stay or...
01/15/2025

Nathan Zielinski from RCN Capital shares insights on how private lending can help investors seize opportunities, stay organized, and thrive—even in tight market conditions. Ready to take your investment strategy to the next level?

https://hubs.la/Q032CcYX0

A key advantage is flexibility, which equals more possibilities in today's environment

Underlying inflation in the US eased for the first time in six months in December, although the latest reading likely do...
01/15/2025

Underlying inflation in the US eased for the first time in six months in December, although the latest reading likely does little to shift expectations of a Federal Reserve pause on rate cuts at the end of this month.

Price pressures eased in December, but the Federal Reserve is still expected to hit pause on rate cuts this month

Homeowners and renters affected by natural disasters, including the wildfires sweeping through Southern California, are ...
01/15/2025

Homeowners and renters affected by natural disasters, including the wildfires sweeping through Southern California, are being encouraged by Fannie Mae to seek mortgage assistance and disaster relief resources.

Homeowners can pause mortgage payments for 12 months

The US economy added 256,000 jobs in December, prompting expectations that the Federal Reserve will pause interest rate ...
01/15/2025

The US economy added 256,000 jobs in December, prompting expectations that the Federal Reserve will pause interest rate changes in January, with fewer rate cuts expected in 2025, according to Odeta Kushi of First American.

Economist on what's next for the central bank – and whether the US housing and mortgage markets will post a recovery in the next 12 months

Nigel Green, CEO of deVere Group, predicts the Federal Reserve will maintain current rates, citing December’s 256,000 jo...
01/14/2025

Nigel Green, CEO of deVere Group, predicts the Federal Reserve will maintain current rates, citing December’s 256,000 job gains and declining unemployment.

Strong jobs data seems to have pushed them off the table

Elon Musk’s call to abolish the CFPB sparked debate, with mortgage leaders like Pavan Agarwal warning state regulations ...
01/14/2025

Elon Musk’s call to abolish the CFPB sparked debate, with mortgage leaders like Pavan Agarwal warning state regulations could complicate oversight.

The world's richest man has called for the watchdog to be 'deleted'. What does the mortgage industry think?

Amir Nurani, a broker with Left Coast Leaders, emphasized that the full extent of the wildfire damage in Los Angeles wil...
01/10/2025

Amir Nurani, a broker with Left Coast Leaders, emphasized that the full extent of the wildfire damage in Los Angeles will only be realized when displaced homeowners return to their properties.

The city is battling the worst fires it’s ever seen – and rebuilding destroyed neighborhoods could take years

The devastating Southern California wildfires have claimed 5 lives, scorched 27,000 acres, destroyed over 1,000 structur...
01/10/2025

The devastating Southern California wildfires have claimed 5 lives, scorched 27,000 acres, destroyed over 1,000 structures, and left nearly 500,000 without power.

The wildfire has already cost the economy more than $50 billion – with that figure only expected to rise

Private money loans offer speed and flexibility—key advantages for real estate investors in a tight market. Nate Zielins...
01/10/2025

Private money loans offer speed and flexibility—key advantages for real estate investors in a tight market. Nate Zielinski of RCN Capital explains how these loans can help fund multiple projects and seize time-sensitive opportunities.

https://hubs.la/Q031_Z-90

A key advantage is flexibility, which equals more possibilities in today's environment

Growth in the US labor market shattered economists’ expectations in December, with the number of jobs added last month s...
01/10/2025

Growth in the US labor market shattered economists’ expectations in December, with the number of jobs added last month surpassing consensus estimates by more than 100,000.

Jobs growth bursts past economists' expectations

Mortgage rates hit a six-month high near 7%, but Jay Lessard of Sonoran Lending suggests buying now, using seller credit...
01/09/2025

Mortgage rates hit a six-month high near 7%, but Jay Lessard of Sonoran Lending suggests buying now, using seller credits and future refinancing options, instead of waiting and facing higher competition.

The year has kicked off with unwelcome news for the market. Still, now might be a good time to buy for plenty, LO suggests

Ally Financial Inc. will exit mortgage originations and explore credit card alternatives while cutting less than 5% of i...
01/09/2025

Ally Financial Inc. will exit mortgage originations and explore credit card alternatives while cutting less than 5% of its workforce to streamline operations amid rising consumer credit challenges.

https://hubs.la/Q031Vgrp0

Higher rates, inflation push restructure with jobs to go

US mortgage rates rose to 6.99% in early January, marking a six-month high, while the Mortgage Bankers Association (MBA)...
01/09/2025

US mortgage rates rose to 6.99% in early January, marking a six-month high, while the Mortgage Bankers Association (MBA) reported a 6.6% drop in home-purchase applications.

Purchase applications are at their lowest level since February

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