MBA Newslinks Archive

“The drop in overall production volume in the first quarter of 2017 resulted in the highest per-loan production expenses reported since inception of our study in the third quarter of 2008. While higher production revenues mitigated a portion of the cost increase, production profitability nonetheless declined by more than half the previous quarter.”–MBA Vice President of Industry Analysis Marina Walsh.

“While we have recently noted that part of the rise in overall risk is due to the market’s shift toward riskier purchase transactions, the fact that risk in refinance transactions is also on the rise underscores the need for caution.”–First American Chief Economist Mark Fleming.

“Brian has been active within MBA for more than twenty years as a thought leader in the commercial/multifamily space and as a member of the MBA Board of Directors. He brings technical knowledge, leadership and vision to the role and will clearly be an asset to MBA and the industry as a whole.”–MBA Chairman Rodrigo Lopez, CMB, on nomination of Brian Stoffers, CMB as 2018 MBA Vice Chairman.

“f you’re not plugged into the world, that’s not good. If you’re in your 40s or 50s, the world will continue on as you know it for a while, but it will be quickly supplanted.”–Scott Keith, managing director with RealINSIGHT, Irving, Texas.

“Despite laudable efforts by the Bureau, effective implementation by lenders is not feasible under the current schedule, as many outstanding issues remain unresolved. It is evident that several important steps have not yet been completed, making effective, timely implementation on the current schedule extremely difficult, if not impossible, for most institutions.”–MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills, in an MBA letter to the Consumer Financial Protection Bureau.

“If mortgage rates, currently near 4%, rise further, this could deter more people from selling and keep pressure on inventories and prices. While prices cannot rise indefinitely, there is no way to tell when rising prices and mortgage rates will force a slowdown in housing.”–David Blitzer, Managing Director and Chairman of the Index Committee with S&P Dow Jones Indices, New York.

“We live by the servicing standard. What we go to great lengths to do is to educate clients, B-piece borrowers and issuers what the rules are and what our processes are that set up we will interact with everyone on the deal. They feel like we’re doing best we can to deliver for them.”–Brian Hanson, Managing Director with RealInsight/CW Capital, Bethesda, Md.

“If everyone sells, the supply squeeze would ease. However, homeowners may not be putting their homes on the market because they’re wary of the risk of selling when others don’t–the inability to find another home to purchase at the right price.”–First American Chief Economist Mark Fleming.

“One thing is clear: we as an industry must embrace innovation. It’s liberating and exciting to think with a mindset of what could be rather than one based on what has been.”–MBA Chairman Rodrigo Lopez, CMB.

“In the first quarter, we saw good positive household growth compared to a year before, about two-thirds was in owner-occupied and one-third was in renter-occupied housing. So we’re seeing some stability. That’s pretty good news. It brings a little bit of relief to some of the excess demands we have seen in the multifamily market and it brings some security to the homeownership market.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.