Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $4,202 on each loan they originated in 2020, up from $1,470 per loan in 2019, the Mortgage Bankers Association reported this morning.
Category: News and Trends
MBA: Loans in Forbearance Fall 6th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 24 basis points to 4.66% of servicers’ portfolio volume as of Apr. 4, from 4.90% the prior week. MBA now estimates 2.3 million homeowners are in forbearance plans.
Micro Trends: Conversation with JLL on Growth in Life Sciences Real Estate
Interest in life sciences real estate has jumped during the current public health crisis. MBA NewsLink interviewed JLL Executive Director of U.S. Life Sciences Markets Travis McCready, Managing Director Zach Bowyer and Senior Vice President Erik Hill about the sector.
People in the News Apr. 14, 2021
Greystone, New York, announced Imran Ahmed joined the firm as a Senior Managing Director, responsible for expanding Greystone’s corporate finance activities, including development of global corporate and investment banking and institutional capital relationships.
Mark P. Dangelo: Innovation Disruption Does NOT = BAU
As U.S. housing and real estate markets exceed $36 trillion and operating plans continue to reflect growth, the crumbling of the business-as-usual foundations because of big data and innovation acceleration will lead many banking and lending organizations to make the wrong decisions in 2021 by ignoring their customer value across the supply chain.
Sponsored Content from SWBC: COVID-19 Disruptions Drive Tech-Focused Lender-Placed Insurance Programs
In this article, we’ll discuss how electronic data interchange (EDI) and robotic processing automation (RPA) technology are helping mortgage servicers improve the efficiency of their LPI process.
Jim Cameron of STRATMOR Group: Disruptions to Productivity and Staffing to Impact ‘New Normal’
Jim Cameron is a senior partner with STRATMOR Group, a mortgage advisory firm, where he specializes in benchmarking and performance measurement, strategic planning and managing STRATMOR’s workshop program. He has 30 years of leadership experience in the mortgage industry and was instrumental in working with the MBA to develop the industry-standard benchmarking program known as the MBA and STRATMOR Peer Group Roundtables (“PGR”) Program.
Rob Wilson: Relationships Need to be Transformational, Not Transactional
The mortgage business is inherently transactional and cyclical, with ever-changing rates, high-highs and low-lows, and this trend is not expected to change any time soon. The circumstances due to the pandemic mirror those of the economic downturn in 2008, and in both situations, it was crucial to have formed two-way partnerships with others in the industry who had a vested interest in mutual success and propelling both businesses forward.
MBA: 2020 IMB Production Volumes, Profits Hit Record-Highs
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $4,202 on each loan they originated in 2020, up from $1,470 per loan in 2019, the Mortgage Bankers Association reported this morning.
Quote
“2020 was a banner year for the mortgage industry, despite the COVID-19 global health crisis essentially shutting down the U.S. economy in March and forcing personnel into remote work environments.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.