Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017, the Mortgage Bankers Association reported yesterday.
Weekly Mortgage Applications for Homebuyers Hit Highest Level in 9 Years
CNBC, Apr. 17, 2019--Diana Olick
Mortgage Investors Keep a Wary Eye on Surging Home Purchases
Bloomberg, Apr. 17, 2019--Christopher Maloney
Same-Sex Couples Applying for a Mortgage face Higher Rejection and Worse Rates, Study Finds
Washington Post, Apr. 17, 2019--Hamza Shaban
Kraninger Outlines Her Vision of a Revamped CFPB
National Mortgage News, Apr. 17, 2019--Neil Haggerty (subscription)
Cain Insists He Will Pursue Fed Seat
National Mortgage Professional, Apr. 17, 2019--Phil Hall
Debunking the Myth That Small-Dollar Mortgages are Riskier
Urban Institute, Apr. 17, 2019--Alanna McCargo, Sara Strochak
Commercial, Mortgage, Card Lending Rise at U.S. Bancorp
American Banker, Apr. 17, 2019--Laura Alix (subscription)
JPMorgan Shuffles Roles at Top
Wall Street Journal, Apr. 17, 2019--David Benoit (subscription)
Real Estate Startup Reali Acquires Online Lender Lenda, Expands into Mortgages
HousingWire, Apr. 17, 2019--Ben Lane
First American: Affordability Rising in Time for Home Buying Season
First American Financial Corp., Santa Ana, Calif., said rising home affordability is benefiting home buyers at a key point of the spring home buying season.
Calyx Software, Dallas, announced that Path, its cloud-based mortgage loan origination software is now integrated with Land Gorilla, a construction loan management software provider.
Situs RERC: Declining Investment Conditions for Many Property Types
More signs point to a possible commercial real estate downturn in the next 12 months or so, said Situs RERC, Houston.
Dealmaker: Bellwether Enterprise Closes $44M in Retail, Office and Mixed-Use Loans
Bellwether Enterprise Real Estate Capital, Cleveland, closed four loans totaling $44.2 million for retail, office and mixed-use properties in Louisiana, Tennessee and North Carolina.
MBA National Secondary Market Conference & Expo May 19-22
The Mortgage Bankers Association's National Secondary Market Conference & Expo returns to the New York Marriott Marquis May 19-22.
MBA Compliance Essentials Loan Originator Compensation Webinar Apr. 30
MBA Education and Compliance Essentials present a webinar, Loan Originator Compensation--Guidance and Q&A, on Tuesday, Apr. 30 from 2:00-3:30 p.m. ET.
Call for Speakers: MBA Condominium Lending Workshop
The Mortgage Bankers Association's Condominium Workshop takes place July 18 in Washington, D.C. Speaking opportunities are available; deadline is May 17.