Morgan Stanley expects mortgage bond lawsuit from New York AG

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Items Tagged with 'mortgage bankers'


“Frozen”: The state of mortgage servicing today

Thoughts from MBA Servicing
David Vida
Regulators are uncomfortable with the prospect of giant non-bank servicers. But what size should servicers be? Twenty years ago, 100,000 accounts was a big servicer. Now, it’s the bare minimum. But, if that’s the floor, is there also a ceiling?
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MBA announces 31 new members

Membership increases to more than 2,200
Ben Lane
"These new members vary greatly in their size and focus, whether it be residential or commercial/multifamily," said David Stevens, MBA’s president and CEO. "However, they illustrate MBA’s greatest strength: our ability to come to any table or address any situation knowing we represent the entire mortgage-lending spectrum."
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MBA names new leadership

New chairman, vice chairman, board of directors announced
Ben Lane
The days at the Mortgage Bankers Association’s annual convention and expo in Las Vegas feature quite the packed schedule. But between all the sessions and speakers, the MBA has also elected several new members of its executive leadership.
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Mortgage applications unexpectedly jump 10% for week

Refinance share continues to grow
Trey Garrison
After weeks of steady declines and levels well below originations the same time last year, mortgage applications jumped a surprising 10.3% from one week earlier, according to data for the week ending June 6 from the Mortgage Bankers Association.
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Benjamin Lawsky just made it easier to be a mortgage banker in New York

Sometimes he offers you a carrot, not just the stick
Ben Lane
It’s probably safe to say that Benjamin Lawsky isn’t the most popular guy in some mortgage bankers’ offices these days. But fear not, mortgage bankers…especially those in New York. Lawsky’s office has just made your lives much easier.
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Multifamily, commercial mortgage loans stall out in 1Q2014

MBA survey shows dramatic multifamily and retail slowdowns
Trey Garrison
Commercial and multifamily mortgage loan originations in the first quarter of 2014 were 1% lower than during the same period last year and 45% lower than the fourth quarter of 2013, according to the Mortgage Banker’s Association’s survey of originations.
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This hilarious President's Day video is all about bankers

Central National Bank: "Banker appreciation day"
Brena Swanson
Banks might be one of the last entities that take the day off for President’s day, but what do bankers really think about the federal holiday?
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Mortgage broker to mortgage banker? 9 things you need to know

Time to get your mini-corr on
Ken Jones
Many brokers are making the transition to banking. But it takes more than a warehouse line to get started…
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Mortgage bankers afraid Montana case could open up Pandora’s box of risk

Homeowners claim verbal loan mods are sufficient
Kerri Ann Panchuk
A case about to be heard by the Montana Supreme Court has the potential to upend established real estate law in the state, leaving foreclosing parties on the hook for unprecedented risk. So far, a lower court is on the side of mortgage bankers.
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