Items Tagged with 'MBA'

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Independent mortgage bank profits slowly trudge higher

Profits hampered by MSRs
While the increase isn’t as significant as last quarter’s rise, independent mortgage banks and mortgage subsidiaries of chartered banks still recorded a net gain on each loan they originated in the third quarter of 2016. It might not be extreme, but here are all the changes in mortgage banker profit in the 3Q.
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MBA CEO: GSE reform won’t make Trump’s shortlist

The fight for the MID
GSE reform made headlines again last week when Treasury secretary nominee Steve Mnuchin alluded to the Trump administration's plans for GSE reform. However, the plans are likely to stay just that — plans, according to an interview with Mortgage Bankers Associatoin CEO David Stevens. There are lots of other areas that Trump needs to focus on first, Stevens explained in an interview with HousingWire.
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[Video] Is the market ready for the coming increase in households?

“We need it all over the next decade”
There are more than 70 million Millennials who want to enter the housing market in the near future, and this number is on top of the other generations that are already moving around in the housing market. How is the industry going to deliver housing units for all of these people? Lynn Fisher, the Mortgage Bankers Association’s vice president of research and economics, gives HousingWire insight on the situation.
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Dave Stevens: The MBA's role in the Trump Administration

And the importance of housing finance
Sitting down with one of its own to get a better understanding of what exactly this election means for housing finance, the Mortgage Bankers Association interviewed its President and CEO Dave Stevens to get his thoughts on the election. One thing became clear, regardless of which side of the aisle people are on, housing finance is a big deal.
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Major trade groups urge Congress to renew two major homeowner tax provisions

Set to expire end of 2016
At the end of each year, Congress gets a massive pile of tax provisions that need to be renewed. This year two of the biggest tax provisions at the top of Congress’ pile impact housing and homeowners, especially first-time homebuyers. This year both provisions were projected to reduce federal revenue by $7.5 billion. Will next year be the same?
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Mortgage applications post another humdrum week

Nearly identical to last repot
The Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey looks extremely similar to the previous week’s report. Unfortunately, like last week, the change is very minor, continuing weeks of humdrum reports. This does, however, mark its lowest level since May 2016.
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As far as tech innovation goes, here’s where the industry’s headed

Short-term and long-term
Innovation is the new buzzword for the mortgage industry, replacing TRID, which instigated a less enthusiastic response. The Mortgage Bankers Association’s annual convention and expo in Boston late last month showed that the industry moved beyond the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule to its new focus, innovation. This is what it plans to do next.
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Mortgage credit availability loosens in October

Driven by increase in jumbo loans
A growth in investment and jumbo loans pushed credit availability up even further in October, loosening credit standards. Here, the Mortgage Bankers Association’s vice president of research and economics talks about the factors that caused the increase.
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