Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,924 on each loan they originated in the third quarter, up from $1,675 per loan in the second quarter, the Mortgage Bankers Association reported this morning.
Category: News and Trends
FHFA to Re-Propose Enterprise Capital Rule in 2020
A year after proposing regulations on capital requirements for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency yesterday said it plans to re-propose the entire regulation some time in 2020.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications fell from one week earlier even as key interest rates dipped back below 4 percent, the Mortgage Bankers Association reported this week in its Weekly Mortgage Applications Survey for the week ending November 15.
Home Reports: Prices Up, Inventories Down
Home sales, which lagged during the first part of 2019, continued their recent rebound with another strong month in October, said RE/MAX, Denver.
October Housing Starts: Slow and Steady Wins the Month
October housing starts rose by nearly 4 percent, HUD and the Census Bureau reported yesterday, a welcome signal that momentum appears to be rising among home buyers and home builders.
MBA Urges Banking Committee Support for Brian Montgomery HUD Nomination
Ahead of a nomination hearing this morning, the Mortgage Bankers Association urged the Senate Banking Committee to approve Brian Montgomery’s nomination as HUD Deputy Secretary.
House Passes TRIA Reauthorization; Senate Banking Committee Votes Today
The House yesterday passed legislation reauthorizing the Terrorism Risk Insurance Act for seven years. The Senate Banking Committee is expected to take up a companion bill this morning.
MBA: October New Home Purchase Applications Up 9% from September, 31.5% from Year Ago
Mortgage Bankers Association Builder Applications Survey data for October show mortgage applications for new home purchases increased by nine percent from September and by 31.5 percent from a year ago.
How Automation is Impacting Marketing
Marketing automation is the practice of using software to automate, streamline and measure repetitive tasks and workflows within the marketing discipline. It is done to help sales and marketing teams improve efficiency and increase output while providing an enhanced, more personalized customer experience.
Adjusting Your Compliance to the Digital Mortgage Landscape
When it comes to mortgages, digital is quickly becoming king. The Mortgage Bankers Association estimates that within three years, most loans will be completely underwritten electronically, with only loans that deviate from standard parameters being reviewed by experienced underwriters.