Articles by Brena Swanson

Monday Morning Cup of Coffee: Everything you need to know at MBA Annual

HousingWire covers all the bases
Monday Morning Cup of Coffee this week gives a preview of our industry's biggest conference: the Mortgage Banker's Association annual gathering starting now in Boston. We'll still report regular news as we get it and give you everything you need to stay up-to-date for the next few days. 
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Top industry voices submit final comments on looming TRID changes

Time to sit back and wait
The industry’s last chance to change the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule just closed. On Tuesday, the door shut on the ability for the industry to comment on the bureau’s proposed updated to the new rule. Now the industry can only sit back and wait.
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Appraisal volume drops four weeks straight

Four-week average falls into negative territory
Appraisal volume continues to struggle to lift off this fall, with volume now declining four weeks straight. However, on the positive side, the drop is smaller than several previous reports.
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Fifth Third 3Q mortgage results positive sign for rest of industry?

Average residential mortgage lending increases 10% year over year
The mortgage market is projected to perform much better in the third quarter than originally expected. With the third-quarter results in for one of the first lenders, it looks like this could be true. Fifth Third Bancorp not only posted an increase in residential mortgage loan portfolio balances, but it also posted an increase in originations.
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Countdown starts now on CFPB’s final mortgage servicing rule implementation

You have one year
Nearly four months after the Consumer Financial Protection Bureau finished the final mortgage servicing rule, it has finally been published in the Federal Register. The long publishing timeline isn't necessarily a bad thing since it gave the industry extra time to adapt to and learn the final rule. Since it's officially published, your one-year countdown starts now.
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Donald Trump's childhood home up for auction

But is the famous connection helping it sell?
Before he became the Republican presidential candidate or a real estate guy, Donald Trump grew up in a significantly smaller home in Queens in New York City. However, the famous connection might not be doing anything to help the home sell.
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MBA: Mortgage applications post another quiet week

Includes adjustment for Columbus Day holiday
Mortgage applications continue to post lackluster results, with this week’s report from the Mortgage Bankers Association no different. As far as mortgage rates go, the average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances increased to its highest level since June 2016.
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MBA takes focus on women in real estate finance to the next level

"We struck a nerve and need that's out there"
Women in real estate finance, a small but steadily growing group, now have a place online to go to strengthen their network and exchange ideas and information about the industry, answering increasing calls for such a platform within the market. What started out informally is turning into a full-fledged, formal initiative from the MBA. And just in time for MBA Annual in Boston next week.
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Despite accounts scandal investigation, Wells Fargo beats revenue expectations

Results driven by strong mortgage origination
All eyes are on Wells Fargo due to the ongoing investigation into its massive fake account scandal. With reports that more than 5,000 of the bank’s former employees opened more than 2 million fake accounts to get sales bonuses, the industry is definitely watching what's going on. Despite that, Wells Fargo still managed to beat earnings expectations in the third quarter of 2016, partially thanks to a boost from strong mortgage originations.
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