Morning Roundup (4/14/25) – Trigger Leads Bill Back
| Good Morning! Today is Monday, April 14. Russian ballistic missiles killed at least 34 people and injured 119 others in Ukraine on Palm Sunday. President Trump will meet with El Salvador’s president at the White House. Mark Zuckerberg’s antitrust trial begins today. The Mortgage Note Reports Back In Action: A version of last year’s failed trigger leads bill has been reintroduced in Congress, with support from major players in the mortgage space. Leadership News: Patrick Collins has been named SVP of Mortgage Warehouse Lending at Northpointe Bancshares. |
| Quote Of The Day “MBA has worked closely with industry stakeholders and a large, bipartisan group of lawmakers in the House and Senate to push for action that ends the abusive use of mortgage credit leads. Consumers remain vulnerable to trigger leads abuses, and we believe strongly that this common-sense legislation will curb the practice while preserving its value in appropriately limited circumstances.” MBA President and CEO Bob Broeksmit |
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In other mortgage and housing news… New Regulation: The CFPB will rescind a rule that requires nonbank lenders to register certain enforcement actions and court orders with a new federal database. Now’s The Time: Sellers across the U.S. are optimistic heading into this year’s Best Time to Sell, with 81% believing they’ll get their asking price or better. Company News: 360training.com acquired NMLS-approved mortgage education and compliance training provider My Mortgage Trainer; Fannie Mae lenders may resume requesting quotes for Meridian Capital Group-brokered loans. Costs Moderating?: Rents fell slightly in March, but new tariffs could increase rental demand and hamper rental supply, which would cause them to rise. “Immediate Stopgap”: A California lawmaker is seeking a remedy of last resort for college students navigating the state’s housing crisis: Let them sleep in their cars. |