The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
W S

Items Tagged with 'Mortgage Bankers Association'

ARTICLES

Closing a mortgage finally makes money

Breaks 6 quarters of straight losses
Brena Swanson
After mortgage banker costs skyrocketed the past 6 quarters, well out of the realm of profitability, the latest Quarterly Mortgage Bankers Performance Report from the Mortgage Bankers Association reports the landscape shifted from losing money to making money, as costs came more under control.
Read More

New home applications rise in July

Reverses June’s decline
Ben Lane
July’s increase recaptured some of June’s decline in new home purchase applications, when applications fell 5% from May’s total.
Read More

Mortgage applications dip 2.7%

Rates post little movement
Brena Swanson
Mortgage applications fell 2.7% from one week earlier, losing any gains made last week. Meanwhile, the refinance share of mortgage activity declined to 54% of total applications from 55% the previous week.
Read More

MBA’s Stevens: Single GSE bond is “critical”

New plan brings “unworkable fantasy” closer to reality
Ben Lane
"The move to a single security will enable the two GSEs to compete on a more level playing field, and this competition will be beneficial to both homebuyers and lenders,” David Stevens, president and CEO of the Mortgage Bankers Association, said.
Read More

Multifamily, commercial mortgage loans jump 34% in 2Q14

But still down 2% from 2013
Ben Lane
Multifamily originations were down 10% over 2013's second quarter, but up 32% over the first quarter of 2014.
Read More

New-home purchase applications dip slightly

Fall by 5% in June
Brena Swanson
Mortgage applications for new-home purchases fell by 5% compared to the previous month, while new single-family home sales ticked higher.
Read More

Castro’s confirmation as HUD Secretary met with industry approval

President Obama, others praise San Antonio mayor
Ben Lane
"I applaud the bipartisan majority of Senators who today confirmed Julián Castro as our next Secretary of Housing and Urban Development," President Obama said. "Julián is a proven leader, a champion for safe, affordable housing and strong, sustainable neighborhoods."
Read More

3 diamonds in the housing data rough

...it's not all bad news
Brena Swanson
2014 does not stand a chance against the record-breaking housing numbers witnessed in 2013 but that does not mean it is all bad news for this year. This week provided some good tidbits for housing, with mortgage applications rising and record traffic for online real estate sites.
Read More

The cost of closing mortgages is officially ridiculous

...it just got worse
Brena Swanson
Last time the cost of closing mortgages was astronomical, now it is just plain ridiculous, as production income decreases for the sixth straight quarter.
Read More

Commercial/multifamily mortgage debt hits new high

Brena Swanson
Commercial and multifamily mortgage debt outstanding continued to expand during the first quarter and increased by $11.1 billion, hitting another new high.
Read More