On June 1, nearly 7,200 mortgage loan professionals are in danger of losing their licenses. Deanna Sabey, director of the Utah Division of Real Estate, said if Utah mortgage professionals fail to transition to a new federal Nationwide Mortgage Licensing System by May 31, they could lose their licenses. But so far, only 28% of the licensees have completed requirements.
Thousands of brokers face losing mortgage licenses
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
