Items Tagged with 'Mortgage Bankers Association'

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  • Digital mortgages slash turn times of mortgages to secondary market

    The two parts of the digital mortgage
    The final day of the Mortgage Bankers Association Secondary conference in New York City ended with a panel of experts who spoke on the importance of the digital mortgage to the secondary market. Panelists explained that consumers aren’t the only ones who benefit from the digital mortgage and eClosing process.
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  • First-time homebuyers key to opening access to credit

    And why setting a homeownership rate goal doesn’t make sense
    Access to credit remains tight not only compared to the housing boom years but also compared to historical levels. At the Mortgage Bankers Association Secondary conference in New York City, panelists at the Access to Credit session discussed how to safely open the credit box, and what some of the current hindrances are.
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  • Mortgage market quickly bounces back from latest hurricane season

    Government agencies prepare for round two
    Last year was a rough one for homeowners hit by a slew of natural disasters including hurricanes, flooding, and even wildfires. Now, months later, the mortgage market is recovering surprisingly well, according to a panel of experts from government agencies at the Mortgage Bankers Association Secondary conference.
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  • MBA: Lender profits to hit negative numbers in Q1

    Refi market served as blanket for seasonality drops
    It’s no secret mortgage refinance volumes are falling, leaving lenders to make up for the loss through purchase mortgages. Profit margins are expected to go negative in the first quarter as the blanket that helped with seasonality drops is now being lifted.
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  • U.S. Treasury advocates for financial reform and digitalization

    Says if we don’t update, we’ll fall behind rest of world
    At the Mortgage Bankers Association Secondary conference in New York City, the U.S. Department of the Treasury gave an update on the changes it is advocating for and seeing in the mortgage finance system. Here’s what Treasury Counselor to the Secretary Craig Phillips had to say about tax reform, regulatory relief and trade.
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  • MBA Secondary prepares to hit the big topics

    GSE reform, digitalization, government lending
    Day two, and the first full day of sessions, is off at the Mortgage Bankers Association Secondary conference in New York City. The MBA began its opening session Monday as Fox Business Network host Trish Regan interviewed MBA CEO Dave Stevens for a retrospect on his career in what will be Stevens’ last appearance on this stage.
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  • MBA Secondary: Leaders of big banks and IMBs agree — a shakeout is coming

    "It's a brutally competitive market right now"
    Stearns Lending CEO David Schneider noted that even with companies finding more efficiencies in their process, something will have to give. “I think that capacity needs to come out of the system. There has been a lot of growth in independent banks, but they built their business with margins much higher than we see today.”
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  • MBA: Mortgage delinquencies down in Q1

    Strong economic performance drives down delinquency; foreclosure inventory rate lowest since 2006
    According to the Mortgage Bankers Association, the foreclosure rate is up slightly despite delinquencies sitting at pre-housing crisis lows and sliding. A strong economy is minimizing delinquency, and despite the slight uptick in Q1, foreclosures are down significantly year-over-year.
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