Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter, up from $1,600 per loan in the first quarter, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
Category: News and Trends
People in the News Sept. 3, 2020
Promontory MortgagePath LLC, Danbury, Conn., named Scott Turnquest as Chief Technology Officer and Jordan Higgins and Kim Joyce as Regional Vice Presidents.
Sponsored Content from Pavaso: Data Privacy and Working with eClosing Service Providers
Overlooking this factor when choosing an eClosing technology service provider could cost you.
Administration Issues Nationwide Eviction Moratorium Through Dec. 31
Citing the need to “prevent the further spread of COVID-19,” the Trump Administration yesterday issued an order temporarily halting residential evictions through Dec. 31.
60 Percent of Americans Saving More Compared to Last Year
A new survey from CNBC, Englewood Cliffs, N.J., an Acorns, San Mateo, found Americans are saving more and spending less compared to before the pandemic with 60% of respondents call themselves “savers,” up from 54% a year ago.
Housing Market Stays Hot as Sellers Gain Upper Hand
he U.S. housing market heated up even more during the four-week period ending August 23, said Redfin, Seattle, with strong sales and price growth unfazed by seasonality.
Dealmaker: Bellwether Enterprise Closes $98M
Bellwether Enterprise, Cleveland, arranged $97.5 million to refinance seniors apartments in California and workforce housing in Fargo, N.D.
John Seroka: 6 Marketing Best Practices to Ensure Continued Business Growth During and Post-Pandemic
During COVID, you must ensure you are communicating clearly about your business and any changes that may be taking place in terms of how you are operating and the resulting impacts on applicants and borrowers.
Concessions Rise as Rental Market Softens
Rental concessions are now nearly twice as common as in February as apartment owners strive to attract new tenants in a softened market, said Zillow, Seattle.
MBA: Strong Borrower Demand, Low Rates Fuel 2Q IMB Production Profits
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter, up from $1,600 per loan in the first quarter, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.