Items Tagged with 'MBA'

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Here are tips on knowing whether to build, buy or partner for mortgage technology

Ellie Mae reveals the criteria it uses
As mortgage technology infiltrates the industry, it poses a question for lenders: How do they want to move forward into the new world? Joseph Tyrrell, executive vice president of corporate strategy with Ellie Mae, sat with HousingWire at the MBA tech conference to give tips on how companies can decide whether they should build, buy or partner to get this technology.
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MBA chief economist: The answer to the rising cost to produce a mortgage

And how you can you solve it
After updating attendees with the status of the industry, which included the challenges of dealing with the housing inventory drought and ever-rising interest rates, the Mortgage Bankers Association’s chief economist concluded his presentation with a call to action. To the industry: This is what you need to do to fix the rising costs to produce a mortgage.
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Tech talk at MBA: Do we build technology or do we partner?

How to disrupt the mortgage finance industry
No one in the mortgage industry needs to be convinced about the power, prominence and appeal of technology anymore. Look no further than the Mortgage Bankers Association’s National Technology in Mortgage Banking Conference and Expo in Chicago for proof. Helping kick off the conference on Monday, executives from JPMorgan Chase, Ellie Mae, USAA and Quicken Loans discussed their perspectives on fintech.
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MBA: Mortgage applications reverse course, fall

30-year fixed-rate mortgage stays frozen
Mortgage applications reversed course and dipped slightly from the previous week due to a drop in both purchase and refinance applications. Meanwhile, the 30-year fixed-rate mortgage with a conforming loan balance managed to stay the same.
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MBA: Trump’s budget shows political statement of priorities

Not just because of funding cuts
The Mortgage Bankers Association explained President Donald Trump’s proposed budget shows housing is not a priority for the administration. The MBA explains it’s not just the cuts to HUD that show the president’s focus. The lack of housing direction in the budget can be just as telling as the funding cuts.
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MBA: Mortgage applications rise three-weeks straight

Market gears up for spring home-buying season
After seesawing at the start of this year, mortgage applications managed to increase three-weeks straight as the market gears up for the spring home-buying season. On the other side, mortgage interest rates for most products jumped close to two-year highs. Here’s what interest rates look like heading into peak home-buying season.
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MBA: Average loan size for purchase applications hits all-time high

Latest report also shows ARMs hit highest level since October 2014
The average loan size for purchase mortgage applications reached an all-time high last week, according to the latest data from the Mortgage Bankers Association. The report shows that the average loan size for purchase applications last week was $313,300 - that’s the highest that figure has been during any week since the MBA began conducting its weekly application survey in 1990.
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WATCH: Dave Stevens gives MBA’s top priorities to new HUD secretary

Top 3 issues MBA is leading a charge on
The Mortgage Bankers Association explained its top priorities now that the Senate confirmed the 17th HUD Secretary Ben Carson. MBA CEO Dave Stevens explained the MBA’s agenda with both Carson and other recent nominees to the president’s cabinet, including working with Treasury Secretary Steven Mnuchin on the conservatorship of the GSEs.
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MBA appoints two new members to MISMO board of directors

Each elected for two-year terms
The Mortgage Bankers Association named two new industry veterans to the Mortgage Industry Standards Maintenance Organization board of directors. Read for more about the new members: Quicken Loans’ executive vice president and Black Knight’s senior vice president.
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