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 Newslinks Archive
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…)
Low Mortgage Rate Trend Continues to Stir Up Mortgage Applications
Mortgage Professional America, Dec. 13, 2019–Candyd Mendoza The volume of mortgage loan applications rose as the 30-year fixed mortgage rate remained under 4% for the fourth consecutive week, according to …
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.
November New Home Purchase Mortgage Applications Increase 27% YoY
Mortgage applications for new home purchases increased 27.1 percent compared to a year ago, the Mortgage Bankers Association’s Builder Applications Survey for November reported.
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.
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 Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.
Getting a Granny Flat Loan is Easy Peasy
Orange County Register (Calif.), Dec. 12, 2019–Jeff Lazerson Both Fannie Mae and Freddie Mac have mortgage programs to finance construction of an “accessory dwelling unit.”
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association. http://www.mortgagebankers.org/Advocacy/MortgageActionAlliance