Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter, the Mortgage Bankers Association reported Thursday.
Category: News and Trends
Ken Flaherty of Curinos: Five Ways to Benefit from a Home Equity Comeback
Regardless of the reasons, the one thing that is clear is homeowners who took advantage of the historical low-rate mortgage environment should be prime targets for new home equity acquisitions.
MBA Premier Member Profile: Ascent Software Group LLC
Ascent Software Group LLC provides the Jaro suite of appraisal tools. Ascent brings changes to the valuation process through automation and deep integration to the entire end to end workflow. At Jaro, we build more than tech—We forge connections.
MBA Home For All Pledge Partner: SimpleNexus
SimpleNexus, an nCino Company, is an award-winning developer of mobile-first technology for the modern mortgage lender founded in 2011.
MBA CONVERGENCE Webinar Aug. 25: What Does It Cost to Produce a Unit of Housing?
MBA CONVERGENCE presents the next in its webinar series, What Does it Cost to Produce a Unit of Housing? Costs & Elements of Production, on Thursday, Aug. 25 from 2:00-3:00 p.m. ET.
Chris Sabbe of PHH Mortgage on the Subservicing Industry
Chris Sabbe is Senior Vice President of Enterprise Sales for PHH Mortgage. A recognized leader in the subservicing industry, he is responsible for managing and growing the company’s enterprise sales and actively onboarding new MSR/Co-Issue sellers.
Existing Home Sales Fall to 2-Year Low
Existing home sales fell under five million annually for the first time in more than two years, marking the sixth consecutive monthly decrease, the National Association of Realtors reported Thursday.
Initial Claims Dip Slightly
Initial claims for unemployment insurance fell slightly last week after steadily increasing for much of the summer, the Labor Department reported Thursday.
MBA Education Launches AMP Credly Badge
MBA Education recently launched the AMP Credly Badge, a digital badge for mortgage professionals who have earned the Accredited Mortgage Professional (AMP) designation.
IMBs Report Second Quarter Losses
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter, the Mortgage Bankers Association reported Thursday.