Enterprise leaders believe that innovation is a destination–that is misguided. The reason we use innovation now is as a tool to be found in economies that are driven by attention, technology and data. It will be, in 2020, an unfamiliar mandate.
Category: News and Trends
MBA Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry. These members provide a variety of valuable products and services, including legal, insurance, technology, consulting, communications and more that help to grow your bottom line.
MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
MBA: November Builder Applications Survey Up 27% from Year Ago; Down 17% from October
Mortgage applications for new home purchases increased 27.1 percent in November compared to a year ago, the Mortgage Bankers Association’s Builder Applications Survey reported Thursday.
The Week Ahead
Mid-December already? Christmas just nine days away? Weren’t we just complaining about holiday commercials in October? (Well, maybe you weren’t…)
Scott Colclough of Vice Capital Markets: Making the Jump to Advanced Executions
Shifting from best effort to mandatory execution marks a significant achievement in the evolution of a mortgage lending organization, as it represents a more sophisticated (and more profitable) secondary strategy.
People in the News
Chaya Cashin Zahn, who served as Associate Director of Registration in the Mortgage Bankers Association’s Meetings Department, died suddenly on Dec. 9. She was 42.
Call for Nominations: MBA NewsLink 2020 Tech All-Star Awards; Deadline Jan. 10
The Mortgage Bankers Association and MBA NewsLink are accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 10.
MBA Chart of the Week: IMB Production Costs
MBA in late November released its Quarterly Performance Report for the third quarter. The total sample of 338 independent mortgage banks and mortgage subsidiaries of chartered banks earned an average pre-tax production profit of $1,924 on each loan they originated–a substantial year-over-year improvement from $480 per loan in third quarter 2018.
MBA Advocacy Update
Last week, a bipartisan group of members of Congress submitted a letter to House leadership voicing concerns about the use of VA Home Loan program fees as a spending offset to pay for other non-housing-related veterans’ benefits. On Tuesday, the Senate Banking Committee marked up Brian Montgomery’s nomination for the next Deputy Secretary of HUD.