Items Tagged with 'Independent mortgage banker profits'

ARTICLES

  • Rising interest rates become double-edged sword for mortgage-banker profits

    Cost to close keeps getting cheaper
    The recent growth of independent mortgage bank profit hit a speed bump when mortgage interest rates started to steadily increase toward the end of 2016. Now, despite the surge in profit at the start of 2016, independent mortgage bank profit is struggling. But rising interest rates aren't all bad news for the bottom line.
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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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  • Independent mortgage bank profits surge, more than double 1Q

    What TRID impact?
    Not only did the industry recover from the financial storm caused by TRID, but looking at the latest mortgage banker profit results for the second quarter of 2016, it’s almost like it never existed. This is good news for independent mortgage banks and mortgage subsidiaries of chartered banks as profits surge to new highs. Are you seeing the same trends and growth in your business?
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  • Independent mortgage bankers see increased profits in 2015

    Profits are up for the year, despite losses in 4Q
    Despite losses throughout the second half of the year due to increased TRID regulations, the Mortgage Bankers Association reports an increase in profits for 2015. The stronger start at the beginning of the year helped keep profits up from 2014 and offset the impacts of TRID.
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  • It's official: TRID kills mortgage profits

    Total production expenses surge to $7,747 per loan
    A recent report from the MBA revealed the implementation of the CFPB's TILA-RESPA Integrated Disclosures rule in October wiped out most of the money to be made in the mortgage industry. How bad is it? Are you sitting down? Average mortgage profits collapsed more than 50% based on skyrocketing production expenses.
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