Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,675 on each loan they originated in the second quarter, up from $285 per loan in the first quarter, the Mortgage Bankers Association reported this morning.
What this Mortgage Expert Says is Behind the Refinancing Boom
CNBC, Aug. 28, 2019
Mortgage Applications Fell as Mini Refinance Boom Lost Some Steam
Mortgage Orb, Aug. 28, 2019--Patrick Barnard
Homeowners are Sitting on a Record Amount of Cash, But They're Not Really Tapping It
CNBC, Aug. 28, 2019--Diana Olick
GOP Sen. Johnny Isakson to Resign at End of Year
The Hill, Aug. 28, 2019--Jordain Carney
Unconventional Mortgages Attract Warning From Regulator
Wall Street Journal, Aug. 29, 2019--Lalita Clozel (subscription)
Fintech Firm Buys Hip Pocket Platform for Mortgage Leads
National Mortgage Professional, Aug. 28, 2019--Phil Hall
Opportunity Zone Home Prices Well Below National Levels
ATTOM Data Solutions, Irvine, Calif., said in "opportunity zones"--special areas of the U.S. aimed at spurring improvement and development-nearly half of homes have median home prices below $150,000.
Black Knight: Tappable Equity at Record $6.3 Trillion
Black Knight, Jacksonville, Fla., said after falling through the second half of last year, tappable equity saw its second consecutive quarterly increase, hitting a record high $6.3 trillion in the second quarter.
Opportunities in an Evolving Retail Sector
An evolving retail sector is providing opportunities for investors and giving underwriters more confidence in retail's long-term outlook, said Marcus & Millichap, Calabasas, Calif.
Dealmaker: Atlanta Office Tower Trades for $205M
Investment firm KKR, New York, and Banyan Street Capital, Miami, acquired Salesforce Tower in Atlanta for $205 million.
MBA Risk Management, QA and Fraud Prevention Forum in Chicago Sept. 15-17
The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum takes place Sept. 15-17 at the Sheraton Grand Chicago.
MBA Education Foundational Elements of Mortgage Servicing Rights Workshop in San Diego Nov. 19
MBA Education presents Foundational Elements of Mortgage Servicing Rights Workshop, at the Marriott Marquis San Diego Marina on Tuesday, Nov. 19 in conjunction with the MBA Accounting and Financial Management Conference.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.