Mortgage application defects keep rising

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie

Fannie Mae: 3 reasons why this oil glut won't crash housing

It isn't the 1980s anymore
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Items Tagged with 'Mortgage Bankers Association'

ARTICLES

Mortgage Bankers Association adds 28 new members

MBA continues expansion in June and July
The Mortgage Bankers Association announced that it welcomed 28 new members into its ranks in the months of June and July, continuing to elevate its total membership beyond 2,200 companies. Take a look at the new members.
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From HW Magazine

The awful truth about TRID

Even with a grace period, the remedy is worse than the disease
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry.
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MBA nominates Colonial Savings’ J. David Motley to be 2016 vice chair

Currently sits on MBA’s board of governors
The Mortgage Bankers Association announced that it nominated J. David Motley, president of Colonial Savings, based in Fort Worth, Texas, and its divisions, Colonial National Mortgage, CU Members Mortgage, and Community Bankers Mortgage, to be its vice chair for the MBA’s 2016 membership year.
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Independent mortgage bank profits surge nearly 100%

But total production operating expenses rise too
Independent mortgage banks recorded a net gain of $1,447 on each loan they originated in the first quarter of 2015, which is double the previous quarter. However, it wasn’t the only variable to increase. Expenses are starting to rise, too.
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MBA pushes to increase diversity in mortgage lending

Announces partnership with NAHREP, hosting 2nd diversity conference
In an exclusive interview with HousingWire, Bill Emerson, the chairman-elect of the MBA and the chief executive officer of Quicken Loans, said that the MBA wants to prepare the housing finance industry for the new normal of the future, which will be far different than the history of mortgage lending to this point.
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