MBA Newslinks Archive

“Mortgage applications for new homes continued to grow on a year over year basis in November, driven by continued improvement in the overall economy and job growth. Despite the fact that overall home prices have increased at a greater than 5 percent annualized rate, the growth in average loan size for new homes has slowed.”–MBA Vice President of Research and Economics Lynn Fisher.

“If [community and regional banks] continue to be the volume leader in taking out maturing commercial mortgage-backed securities loans, we’ll continue to see high success rates on maturing loans. But some evidence is mounting that regulatory pressures on these bank lenders is starting to bite.”–Brian Olasov, Executive Director of Financial Services Consulting with Carlton Fields, New York.

“In examinations, management will need to demonstrate not only their controls and systems, but also the steps that they have taken to cultivate a compliance culture in their organization from the CEO to the LO.”–John Vong, CMB, CMT, president and c0-founder of ComplianceEase, Burlingame, Calif.

“An increase in production volume and slight decrease in expenses in the third quarter kept production profits relatively stable. These profits would have been even higher were it not for a decline in net secondary marketing income, primarily income related to mortgage servicing rights.”–MBA Vice President of Industry Analysis Marina Walsh.

“Commercial and Multifamily mortgage delinquencies were once again quite low in the third quarter, because of the continued strength in the market fundamentals. Delinquency rates generally fell, staying near 20-year lows for loans held by banks, life insurance companies and Fannie Mae and Freddie Mac.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“MBA looks forward to working with Dr. Carson in helping to build out a well-rounded team of housing experts, with a deep technical understanding of the issues, at HUD, FHA and Ginnie Mae.”–MBA President and CEO David Stevens, CMB, on President-Elect Trump’s nomination of Ben Carson as HUD secretary.

“MBA and its members believe that in order to attract international investors under all market conditions, any secondary mortgage market reform must include a government guarantee, though that guarantee should just extend to the mortgage-backed securities, and not the entities issuing them.”–MBA President and CEO David Stevens, CMB.

“Uncertainty surrounding the outcome of the presidential election may have kept some would-be homebuyers on the sidelines while the prospect of rising interest rates following the election may have prompted many homeowners to refinance to lock in low interest rates.”–Daren Blomquist, senior vice president with ATTOM Data Solutions, Irvine, Calif.

“The post-election sudden increase in mortgage rates has accelerated the shift away from a refinance-driven market toward a purchase-dominated market. The overall decline in loan application and defect risk will slow as rates continue to rise into 2017 and the share of higher risk purchase loans increases.”–First American Chief Economist Mark Fleming.

“We are currently experiencing the best real estate returns since the bottom in July of 2012 when prices rose at a 5.9% real annual rate. Given history, this trend is unlikely to be sustained.”–David Blitzer, Managing Director and Chairman of the Index Committee with S&P Dow Jones Indices, New York.