Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $223 on each loan they originated in the first quarter, a sharp drop from a reported gain of $1,099 per loan in the fourth quarter, the Mortgage Bankers Association reported Tuesday.
Category: News and Trends
MBA, Winnow Solutions LLC Partner to Help Members with Compliance Research, Costs
The Mortgage Bankers Association and Winnos Solutions LLC, Anaheim, Calif., announced a partnership that will provide MBA member subscribers – at a 10% discount rate – a comprehensive database of state and federal regulations to help control costs and better manage the growing complexity of mortgage regulations.
NAMMBA Presents CONNECT 2022 in Orlando Sept. 15-17
NAMMBA, the National Association of Minority Mortgage Bankers of America, holds its annual CONNECT 2022 Conference Sept. 15-17 at the JW Marriott Bonnet Creek Resort & Spa.
MBA Single-Family Research and Economics Showcase June 22-23
The Mortgage Bankers Association’s Single-Family Research and Economics Showcase takes place online June 22-23.
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“With the record-setting refinance volume of the past two years in the rearview mirror, the mortgage industry is clearly in a period of transition and many companies will need to make tough decisions.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
CFPB Bolsters Enforcement Efforts by States
In another effort to promote enforcement of consumer protection laws, the Consumer Financial Protection Bureau last week issued an interpretive rule that supports states’ authorities to pursue lawbreaking companies and individuals that violate provisions of federal consumer financial protection law.
Chris Joles of Planet Home Lending: How Should Mortgage Bankers Measure Climate Risk?
Whether or not you personally believe climate change exists, the White House, federal regulators, states and even other countries are clearly signaling that mortgage companies need to measure climate risks.
MBA Single-Family Research and Economics Showcase June 22-23
The Mortgage Bankers Association’s Single-Family Research and Economics Showcase takes place online June 22-23.
Real Estate Assets Under Management Reaches Record
Total global real estate assets under management reached a record $4.3 trillion last year, surpassing the prior record $3.5 trillion figure achieved at year-end 2020.
Federal Reserve Board: Household Financial Well-Being Improves
U.S. household financial well-being improved in 2021, the Federal Reserve Board said on Monday.