Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Items Tagged with 'MBA'

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Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you
Trey Garrison
The cost of originating mortgages and loan production is officially ridiculous and a question that arose at the Mortgage Bankers Association’s convention and expo last week was “Are record low mortgage rates masking from borrowers the high cost of mortgages?”
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The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
Trey Garrison

Reading the New York Times is a great intellectual exercise because you get to read news articles and say to yourself, “Hmm. That’s interesting. I wonder if it’s true?” Today in the financial section, though, was an opinion piece on mortgage financing that had me instead asking, “Do you even English, New York Times?”


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Mortgage applications drop 6.6% on jumbo refi decline

Refinancings still account for 65% of activity
Trey Garrison
Mortgage applications decreased 6.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 24, 2014.
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Monday Morning Cup of Coffee: Will record low rates jumpstart mortgages?

Plus a new subprime wave, revised stress test, and housing metrics galore
Trey Garrison
The industry hopes record low rates will spark a surge in buying and refis, but there's a limit on how much those can help. Plus, will the new FHFA guidelines lead to a surge in subprime lending with all the risks that carries, or is it going to be different this time?
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Less risk, more optimism in Vegas

Jonathan Corr: "What's going to happen to me?"
Jonathan Corr
As thousands of mortgage bankers and service providers gather in a place that grooves on the promise of quick riches and instant pleasure, they are all asking the same question: what is going to happen to me in today's lending market?
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Mortgage applications surge 11.6% on lower rates

Refis jump 23%; refi share is 65% of apps
Trey Garrison
Mortgage applications increased 11.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 17, 2014.
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Capital Economics: Recovery in home sales marches on

Analysts bullish on housing
Trey Garrison
The increase in existing home sales in September took sales activity to a 12-month high, and with falling mortgage interest rates and what some see as an improving labor market, Capital Economics is getting bullish on housing.
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MBA’s Stevens: Final risk retention rule works for mortgage bankers

Alignment of QM and QRM helps lenders
Trey Garrison
The president and CEO of the Mortgage Bankers Association says he believes the final QRM definition issued today by the Federal Deposit Insurance Corporation will be a positive for the industry.
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MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year
Sarah Wheeler
The MBA is projecting overall economic growth of 2.9% in 2015 and 2.4% in 2016, driven by strong consumer spending and business fixed investment as consumers spend on durable goods and businesses invest in equipment.
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MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end
Sarah Wheeler
"Today's lenders are paying many times over for mistakes that may have been out of their control," Bill Cosgrove, MBA chairman, said Monday at the MBA Convention in Las Vegas. "And it's the consumer who pays the ultimate price. It's time for the penalty phase to end."
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