Costs up, profits down: Closing a mortgage gets more expensive

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan

Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
W S

News

Long foreclosure processes give borrowers free home

Cases rest on the state’s statutes of limitations
Brena Swanson
There are still tens of thousands of homeowners who have missed more than five years of mortgage payments. And according to an interesting legal quirk, they might be able to keep their homes for free now.
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Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
Trey Garrison
The net cost to originate a mortgage is growing and the profit from closing an origination is shrinking, despite growing loan balances and steady loan production. Can you spot the drag?
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San Francisco median home price nearly $1 million

Redfin: Early reading on February prices show strengthening
Trey Garrison
The median home price in San Francisco is pushing close to $1 million. (Dr. Evil nods in agreement.) And their early reading for February suggests the markets they survey are strengthening.
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Home prices dropped in January from December

Case-Shiller: Troubling that price growth still outpacing wages
Trey Garrison
Home prices are slowing -- they grew on an annualized basis but month-to-month they dropped. But the big problem is what's happening with home prices versus wages. Find out why this means trouble.
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More than one-third of America holds no emergency savings

Improving economy still leaves millions on brink of foreclosure
Ben Lane
Despite marked improvement in the economy since the end of the housing crisis, millions of Americans are still on the brink of foreclosure due to a lack of savings. How bad is it?
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Parkside Lending continues growth

Adds three to management team
Ben Lane
In addition to recently adding Robin Gilmore as executive vice president of operational strategy and Joann Berger as underwriting manager, Parkside also announced the additions of Gail Dolton as general counsel, Laurie Spira as chief compliance officer and Jo-Ann Krueger as closing manager.
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3 things you need to understand about mortgage default rates

Urban Institute: First things first
Trey Garrison
The researchers at The Urban Institute have a new report worth a look. It’s a critical read if you’re going to understand mortgage default rates. Here’s what they have to say.
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Zillow: When ListHub agreement ends, we’ll have most listings ever

New direct listing agreements take Zillow Group to new heights
Ben Lane
Zillow once feared losing a “few hundred thousand” out of the 3.6 million listings on Zillow when the Listhub agreement ends on April 7, but thanks to a set of newly signed direct listing agreements, Zillow and Trulia are now saying that they’re about to host more listings than ever before.
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KBRA: High compliance costs will drive commercial lenders from mortgage space

Loans on family mortgages not drawing much interest
Trey Garrison
The way things have been trending, commercial lenders don’t have much – wait for it – interest in mortgage loans. Is the sector going to continue to wane?
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Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?
Trey Garrison
Ben Bernanke has gone from being the most powerful conjurer at that Hogwarts known as the Federal Reserve to being a lowly blogger for the Brookings Institute.
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