When loan origination volumes begin to drop, lenders must find ways to be more efficient to maintain profitability. Even with the growth of the past decade and the advances in technology tools, origination costs continue to rise, cutting into lenders’ bottom line.
Tag: Mortgage Bankers Association
The Week Ahead
The weekdays immediately following the Martin Luther King Jr. holiday are usually quiet in Washington. Not this week. For only the third time in U.S. history, the Senate has begun an impeachment trial against a sitting President.
MBA CREF Forecast: 2020 Commercial/Multifamily Lending to Climb 9 Percent to $683 Billion
Commercial and multifamily mortgage bankers are expected to close a record $683 billion of loans backed by income-producing properties in 2020, a 9 percent increase from 2019’s anticipated record volume of $628 billion, according to a new Mortgage Bankers Association forecast.
MBA CREF Forecast: 2020 Commercial/Multifamily Lending to Climb 9 Percent to $683 Billion
Commercial and multifamily mortgage bankers are expected to close a record $683 billion of loans backed by income-producing properties in 2020, a 9 percent increase from 2019’s anticipated record volume of $628 billion, according to a new Mortgage Bankers Association forecast.
MBA, Trade Groups Urge HUD Implementation of New Loan-Level Certification Rules
The Mortgage Bankers Association and other industry trade groups last week commended HUD for making recommended changes to FHA-insured mortgages and urged the department to move forward to implementation.