Items Tagged with 'MBA'

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[Factsheet] How much $$$ do mortgage banks make?

An overview of the past two years
Mortgage brokers eagerly welcomed a bigger paycheck at the start of this year after the end of 2015 significantly shorted the income of many in the business. To show exactly how mortgage banker profit has changed, this week's factsheet shows mortgage banker profit over the course of the past two years, using data from the Mortgage Bankers Association’s Quarterly Performance Report.
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MBA: Mortgage applications fall despite record low interest rates

Moves back to its previous downward trend
Mortgage interest rates fell to new lows, dating back to levels witnessed three years ago, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association. But despite the new lows, mortgage applications still dropped, reverting back to its previous downward trend.
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Monday Morning Cup of Coffee: The 10 commandments of flipping a house

Playboy Mansion finally finds a buyer
First off, congrats to the five winners of the Mortgage Bankers Association and Internal Revenue Service’s tax design challenge. The Playboy Mansion finally found a buyer, but the controversial price tag of it became a lot more realistic. Also, check out the 10 commandments of choosing a profitable house to flip.
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Ginnie Mae president: This is why independent banks need more access to credit

Notes from the MBA Secondary conference
The search for innovative ways to raise capital was the number one topic during the president of Ginnie Mae’s many conversations at the MBA Secondary Conference. Independent mortgage bankers do a tremendous job in opening the credit box for many borrowers. But what will happen to that credit access in the future if these institutions cannot find a way to access additional capital?
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Mortgage banker profit starts to recover post-TRID

Profits nearly double from fourth quarter
The storm caused by TRID in October is subsiding, with profit roughly doubling at the start of this year compared to the end of last year. However, profits still have a ways to go to get back to the level witnessed this time a year ago.
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Here are the changes coming to MISMO membership structure

'Will encourage greater participation'
The Mortgage Industry Standards Maintenance Organization unveiled a new plan to promote greater participation. Starting next year, it will simplify its membership structure to support broader participation in the creation and use of its standards across the mortgage industry lifecycle.
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MBA: Mortgage credit still getting tighter

Low-down mortgages not boosting closings
The mortgage credit box tightened for the third month in a row, except this time, contrary to previous months, all four indices tightened. This is despite efforts to promote 3% down programs to loosen mortgage credit. Freddie Mac's vice president of affordable lending and access to credit explains what the hold-up is, and why conditions continue to tighten.
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MBA: Mortgage applications post another tepid week

Average loan size for purchase apps hits survey high
Despite the current low-mortgage rate environment, mortgage applications once again recorded a slow weak. However, one notable data point in this week’s survey is that the average loan size for purchase applications reached a survey high.
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