Category: News and Trends

The Mortgage Bankers Association reported independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

While volume has held relatively steady in recent years, the composition of securitized commercial and multifamily mortgage debt has changed dramatically.

The Mortgage Bankers Association reported independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

While volume has held relatively steady in recent years, the composition of securitized commercial and multifamily mortgage debt has changed dramatically.

The Mortgage Bankers Association reported independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

Whether it’s because of a growing family or need for more space, upgrading to a larger home comes with a price-in some cases, as much as a 50 percent increase in monthly mortgage payments, said Zillow, Seattle.

If housing is the driver of the economy, then property taxes are apparently the driver of government.

Commercial mortgage-backed securities delinquency rates increased again in March as another wave of loans turned newly delinquent, reported Trepp, New York.

Black Knight Financial Services, Jacksonville, Fla., said homeowners’ tappable equity hit $.4.7 trillion in 2016, the highest level since 2006.

The commercial mortgage-backed securities delinquency rate rose for the third consecutive month in February, edging up three basis points to 3.04 percent, reported Morningstar Credit Ratings, Chicago.