Ellie Mae, Pleasanton, Calif., said refinances accounted for the highest percentage of closed loans in October since March 2015.
Category: News and Trends
October Existing Home Sales Post 1.9% Increase
Existing home sales rose in October, a slight recovery from the declines seen in September, the National Association of Realtors reported yesterday.
CFPB’s Fall Regulatory Agenda: LO Comp, Industry Issues on Radar Screen
The Office of Management and Budget released its Fall Regulatory Agenda, and the Consumer Financial Protection Bureau indicated that changes to Mortgage Loan Originator compensation–a long time regulatory priority of the Mortgage Bankers Association–appears to be high on the radar screen.
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.
Gaining Trust: Who is on Your Team Matters the Most
With several Federal Reserve rate cuts this year, the mortgage industry has been in a state of flux throughout 2019. As rates decreased earlier in the year, many lenders have seen record months.
CFPB to Assess Integrated Mortgage Disclosure Rule
The Consumer Financial Protection Bureau said it would conduct and assessment on the TRID Integrated Disclosure Rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
Federal Banking Regulatory Agencies Issue Final HVCRE Rule
Three federal bank regulatory agencies this week finalized a rule to modify the treatment of high volatility commercial real estate, a move long advocated by the Mortgage Bankers Association.
MBA: IMB Profits Rise to Near Seven-Year High in 3Q
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.
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.