Items Tagged with 'Originations'

ARTICLES

  • Here’s why Bank of America’s mortgage banking revenue is shrinking

    Bank may not be pulling away from mortgage lending
    Bank of America is clearly seeing a decrease in its mortgage banking revenue, but the reasons why may not be because the bank is pulling away from mortgage lending. A deeper dive into one of the bank’s filings, and a talk with its CEO reveal why its mortgage banking revenue continues to shrink.
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  • Is Bank of America taking its focus off mortgage lending?

    And who’s servicing its mortgages?
    Could Bank of America be taking a step back from its mortgage lending platform? Its new earnings report from the first quarter may hold the answer. A few years ago, the bank could easily report $1 billion per quarter in its mortgage banking income. However, in the first quarter of 2018, the income from this sector was so small that it was simply lumped into the section for all other income.
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  • Mortgage originations plummet in fourth quarter

    Led by 34% drop in refi originations
    Mortgage originations plummeted in the fourth quarter of 2017 due to a sudden drop in refinances. But a new report from ATTOM Data Solutions shows purchase originations held steady compared to a year ago despite ballooning down payment amounts that make it more difficult for first-time homebuyers to compete.
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  • Your top 10 HMDA questions answered: Part 6

    How do you define an origination to meet the threshold for HMDA reporting?
    The Home Mortgage Disclosure Act deadline looms closer, but many questions still remain unanswered. As the HMDA deadline approaches, many lenders have asked questions about which loans they are required to report data. In part six of this series, experts explained what causes an origination to meet the threshold for HMDA reporting.
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  • MBA: Refinance share hits highest level since September

    Mortgage applications jump again after Thanksgiving Holiday
    After the Thanksgiving Holiday, mortgage applications jumped 4.7% from last week, according to data from the Mortgage Bankers Association. The refinance share of mortgage activity increased to 51.6% of total applications, up from 48.7% the week before and its highest level since September 2017.
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