Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $2,812 on each loan they originated in the fourth quarter, the Mortgage Bankers Association reported Friday.
In this MBA Chart of the Week, we look at production profits in basis points, relative to average production volume, from inception of the MBA Quarterly Mortgage Bankers Performance Report series in third quarter 2008 through fourth quarter 2022.
MISMO®, the real estate finance industry standards organization, named mortgage industry veteran David Coleman President.
HUD on Friday submitted to the Federal Register a Final Rule, Restoring HUD's Discriminatory Effects Standard, rescinding the Department's 2020 rule governing Fair Housing Act disparate impact claims and restoring its 2013 discriminatory effects rule.
On Wednesday, the Federal Housing Finance Agency announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.
Gantry, San Francisco, secured $12.9 million in permanent financing for a newly constructed, 157,000-square-foot warehouse facility in Peoria, Ariz.