The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

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Bank of America second-quarter revenues off 7.2% from last year

But earnings still beat expectations

Bank of America reported a decrease in revenue from last year, however, it still beat the Capital IQ Consensus expectation.

Second-quarter earnings for the bank came in at $0.36 per share, $0.03 better than the Capital IQ Consensus. However, revenues fell 7.2% annually to $20.6 billion, which was better than the Capital IQ Consensus prediction of $20.52 billion.

The net interest income came in at $9.2 billion, while the net interest yield decreased from the first quarter to 2.03%.

Total loans, on the other hand, came in at $903.2 billion, an increase of about 1% from last quarter, and 2% from last year.

The provision for credit losses increased to $976 million from $780 million in the second quarter of 2015 due to a slower pace of improvement in the consumer portfolio. Compared to the prior quarter, provision for credit losses was down slightly.

While the bank's revenue may have decreased from last year, mortgage rates are near their all-time lows, which means banks are struggling to balance volume with profitability.

In fact, things may start looking up for Bank of America, which passed its stress test in June after failing it three times previously.

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UWM announces Bolt underwriting system for brokers

In a keynote session about the future of mortgage, UWM CEO Mat Ishbia previewed Bolt, an underwriting system that he said would enable brokers to underwrite a loan in 15 minutes or less, which will go live on Monday, Sept. 27.

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3d rendering of a row of luxury townhouses along a street

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