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Wednesday, January 17, 2018

MBA Insights Archive

icon MBA Chart of the Week: Multifamily Mortgage Lending, 2013-2016 ($M)
October 20, 2017

Last year was another record year for multifamily mortgage lending, according to a new report from the Mortgage Bankers Association.

icon MBANow: MBA Annual Convention Preview
October 18, 2017

The Mortgage Bankers Association released a new MBANow video highlighting keynote speakers at the MBA Annual Convention & Expo, which takes place Oct. 22-25 in Denver.

icon Learning from a Lending Perspective
October 17, 2017

At a time where regulatory requirements call for a detailed learning plan and as we work towards creating a viable Compliance Management System, mortgage lenders are striving to find ways to scale up a viable learning program.

icon The Four Questions Lenders Should Ask LOS Providers
October 17, 2017

Shopping around for a new loan origination system? You're not alone.

icon MBA Chart of the Week: Year-Over-Year Change in Builder Applications Survey
October 13, 2017

The MBA Builder Applications Survey Index declined by 7.5 percent in September relative to the prior year, the first year over year decline in the index in more than three years.

icon MBA Mortgage Rate Update with Lynn Fisher 10/11/17
October 11, 2017

MBA Vice President of Research and Economics Lynn Fisher breaks down the numbers in the MBA Weekly Applications Survey for the week ending Oct. 6.

icon Beyond the Technology Illusions
October 10, 2017

Financial institutions are at the threshold of a comprehensive remake of the business models that will likely result in targeted enterprise breakups, stranded investments in brick and mortar assets and a rapid decline in legacy system usage.

icon The Red Flags You’re Missing Because of Antiquated Customer Satisfaction Data
October 10, 2017

These days, providing exceptional customer service won't keep customers happy or win you new ones.

icon People in the News
October 10, 2017

Joe Langner, former COO of Ellie Mae, has been named CEO of Blue Sage, Englewood Cliffs, N.J., responsible for implementing the company's strategic vision.

icon MBA Premier Member Profile: Baker Tilly
October 10, 2017

Baker Tilly Virchow Krause LLP is one of the oldest and largest certified public accounting and consulting firms in the U.S.

icon Improving the CMBS Borrower Experience
October 10, 2017

The long term viability of commercial mortgage-backed securities as a major source of funding for commercial real estate finance is at risk--for several reasons.

icon Learning from a Lending Perspective
October 10, 2017

At a time where regulatory requirements call for a detailed learning plan and as we work towards creating a viable Compliance Management System, mortgage lenders are striving to find ways to scale up a viable learning program.

icon Slideshow: ATTOM Data Solutions Rise of Real Estate Data Bots
October 9, 2017

A booming housing market is helping to fuel the financial technology revolution.

icon MBA Charts of the Week: 2016 HMDA Respondents
October 6, 2017

For calendar year 2016, a total of 6,762 institutions reported lending activity under the Home Mortgage Disclosure Act. Large depositories are defined as depository institutions with $10 billion or more in assets and community banks are defined as banks with less than $10 billion in assets.

icon MBA Mortgage Rate Update with Joel Kan
October 5, 2017

MBA Associate Vice President Joel Kan breaks down the numbers in the MBA Weekly Applications Survey for the week ending Sept. 29.

icon Mortgage Briefs
October 3, 2017

Recent product announcements, collaborations and reports from the real estate finance industry.

icon MBA Offers Member Resources in Wake of Equifax Breach
October 3, 2017

In the aftermath of the massive Equifax data breach, the Mortgage Bankers Association is a clearinghouse of resources for its members.

icon Mortgage Industry Veterans and Startup Newbies: Learn to Collaborate
October 3, 2017

As industry veterans, shouldn't we be concerned that companies with little to no industry experience are working to disrupt an industry that they don't understand at its core?

icon Improving the CMBS Borrower Experience
October 3, 2017

The long term viability of commercial mortgage-backed securities as a major source of funding for commercial real estate finance is at risk--for several reasons.

icon MBANow: MBA SVP Bill Killmer on MAA Action Week
October 3, 2017

In this MBANow video, MBA Senior Vice President of Legislative and Political Affairs Bill Killmer discusses the Mortgage Action Alliance Action Week (Oct. 2-6).

icon The MBA Insights Interview: Kelly Haughton of Global Index Group
October 3, 2017

Kelly Haughton, CEO of Global Index Group, Gig Harbor, Wash., talks about the mortgage industry 10 years after the Great Recession, hedging, risk--and bubbles.

icon MBANow: MBA VP Marina Walsh on Mortgage Loan Performance
September 29, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Industry Analysis, who discusses findings from the recent MBA Quarterly Performance Report.

icon MBA Chart of Week: Distribution of Housing Types, Race and Ethnicity (Urban Areas and U.S.)
September 29, 2017

Are more people living in urban areas? The numbers have not changed a lot since 2000--just under a quarter of U.S. households live in relatively dense urban areas, occupying less than one-half of one percent of U.S. land area.

icon MBA Mortgage Rate Update with Lynn Fisher
September 28, 2017

MBA Vice President of Research and Economics Lynn Fisher breaks down the numbers in the MBA Weekly Applications Survey for the week ending Sept. 22.

icon Slideshow: ARMCO Mortgage QC Industry Trends Report
September 27, 2017

The ARMCO Mortgage Quality Control Industry Trends Report found the critical defect rate continued its upward trend, reaching 1.6 percent in the first quarter.

icon Why Customer Data Is Nothing Without Strategy
September 26, 2017

The value of that very data can't be overstated. It means they can create more targeted and cost-effective marketing campaigns, develop products and offers specifically tailored to customers' wants and needs and even develop better ways to determine a customer's creditworthiness and detect fraud.

icon Managing Mortgage Product Development Risk
September 26, 2017

The paper, authored by Clifford Rossi, Executive in Residence and Professor with the Robert H. Smith School of Business at the University of Maryland, recommends a more formalized approach to assessing mortgage product risk that takes into account both product and process risk.

icon Oversight Best Practices for Closing Settlement Agents
September 26, 2017

If your organization is an established lender, it's likely you have a large but consistent panel of closing agents at your disposal. However, since the vendor vetting process for closing agents hasn't historically been high on the priority list, you may be in for a surprise when looking closer at your service provider.

icon People in the News
September 26, 2017

Lender Price, Pasadena, Calif., named Jerry Halbrook as its CEO and opened a fresh round of equity funding.

icon The MBA Insights Interview: Kelly Haughton of Global Index Group
September 26, 2017

Kelly Haughton, CEO of Global Index Group, Gig Harbor, Wash., talks about the mortgage industry 10 years after the Great Recession, hedging, risk--and bubbles.

icon MBA Hurricane Relief Public Service Announcement
September 22, 2017

In this video, MBA Associate Vice President Rob Van Raaphorst details initial steps homeowners and renters can take once they are safe and as they begin to recover from recent hurricanes. Detailed information and resources are available at http://mba.org/HurricaneRelief.

icon MBA Chart of the Week: Assessment of Direction of Credit Underwriting Practices
September 22, 2017

In 2016, the Office of the Comptroller of the Currency noted an incremental easing of underwriting standards, even though the pace of that easing slowed towards the end of the year. This week's chart shows that easing of underwriting standards has resumed in 2017.

icon MBA Mortgage Rate Update with Joel Kan
September 21, 2017

MBA Associate Vice President Joel Kan breaks down the numbers in the MBA Weekly Applications Survey for the week ending Sept. 15.

icon Slideshow: CoreLogic Homeowner Equity Report
September 20, 2017

Negative equity decreased year-over-year from 7.1 percent of all mortgaged properties to 5.4 percent of all mortgaged properties.

icon Managing Mortgage Product Development Risk
September 19, 2017

The paper, authored by Clifford Rossi, Executive in Residence and Professor with the Robert H. Smith School of Business at the University of Maryland, recommends a more formalized approach to assessing mortgage product risk that takes into account both product and process risk.

icon CFPB 2.0: Advancing Consumer Protection
September 19, 2017

The Mortgage Bankers Association released a new white paper, CFPB 2.0: Advancing Consumer Protection. The paper examines the approach of the Consumer Financial Protection Bureau during its first five years of undertaking enforcement actions in key areas--including actions that clearly departed from prior published interpretations--without providing sufficient supervisory guidance to the industry in advance.

icon Business Process as a Service (BPaaS) in Lending: Maturing and Modernizing for Competitive Advantage
September 19, 2017

Cloud based Business Process as a Service (BPaaS) provides lenders with a significant opportunity to embrace an "as-a-service" lending approach comprising an out-of-the-box technology platform, business processes, compliance objectives and service provider ecosystem without the excessive implementation times and costs typical of traditional business process services.

icon The Economy Is Stronger than Advertised
September 19, 2017

The slow but steady growth of the U.S. economy will likely continue during the rest of the year, while hiring is expected to hasten.

icon MBANow: MBA SVP Pete Mills on Reforming CFPB
September 18, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills, who discusses a new MBA white paper, CFPB 2.0: Advancing Consumer Protection.

icon MBANow: MBA SVP Steve O’Connor on Basel III
September 15, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Senior Vice President of Public Policy and Industry Relations Steve O'Connor, who discusses a decision by federal regulatory agencies to delay implementation of Basel III rules.

icon MBA Chart of the Week: State Purchase Applications Indexes for FL and TX
September 15, 2017

This week we take the pulse of the mortgage market in Texas and Florida to assess the on-going impact of hurricanes Harvey and Irma on mortgage application activity.

icon MBANow: Gene Lugat on MAA Action Week
September 14, 2017

The Mortgage Bankers Association released a new MBANow video featuring Mortgage Action Alliance Chairman Gene Lugat, who discusses the upcoming MAA Action Week, taking place Oct. 2-6.

icon MBA Mortgage Rate Update with Lynn Fisher
September 14, 2017

MBA Vice President of Research & Economics Lynn Fisher breaks down the numbers in the MBA Weekly Applications Survey for the week ending Sept. 8.

icon People in the News
September 13, 2017

Factual Data, Loveland, Colo., promoted Jay Giesen to President. He will lead national and regional sales efforts and strategic initiatives.

icon 2 Ways to Think About Energizing Your Customer Base
September 13, 2017

There is an old riddle that goes something like this: In a bacon-and-egg breakfast, what's the difference between the Chicken and the Pig? The answer: the Chicken is involved, but the Pig is committed! The same can be said for satisfied bank customers and energized banks customers.

icon Managing the Vendor On-site Visit
September 13, 2017

A great many resources, including time and effort, go into coordination of managing a successful vendor site visit. Preparation and organization leading up to the visit will be instrumental in determining success of the time you'll invest with your vendor partner.

icon Slideshow: MBA Quarterly Mortgage Bankers Performance Report
September 13, 2017

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,122 on each loan they originated in the second quarter, up from a reported gain of $224 per loan in the first quarter, the Mortgage Bankers Association reported in its Quarterly Mortgage Bankers Performance Report.

icon Insurance Claim Management with Fran Weichsel of DIMONT
September 13, 2017

Fran Weichsel is senior vice president of client services with Dallas-based DIMONT, provider of specialty insurance and loan administration services for the residential and commercial financial industries in the United States.

icon MBA Public Service Announcement: Services, Resources for Consumers Impacted by Harvey, Irma
September 8, 2017

In an MBA video public service announcement, MBA Associate Regulatory Counsel Sara Singhas details initial steps homeowners and renters can take once they are safe and as they recover from Hurricanes Harvey and Irma.

icon MBANow: Cliff Rossi on Risk Management
September 8, 2017

The Mortgage Bankers Association released a new MBANow video featuring Cliff Rossi, Executive in Residence of the Practice at the Robert H. Smith School of Business at the University of Maryland, to discuss a soon-to-be published a paper on risk management through the MBA-sponsored Research Institute for Housing America and a program he's developed with MBA Education on Advanced Risk Management.

icon MBA Chart of the Week: Commercial/Multifamily Property Sales, Mortgage Bankers Originations and Non-Bank Maturities ($ Millions)
September 8, 2017

Traditionally, commercial/multifamily mortgage bankers originations have tracked very closely with property sales volumes, with 2016 recording $490 billion of originations and $496 billion of property sales. That relationship broke down in the first half of 2017.

icon People in the News
September 7, 2017

Auction.com, Irvine, Calif., hired Steve Price as Senior Vice President of Foreclosure to lead its integrated Third-Party Sales program.

icon Q&A with Bret Leech of Fiserv
September 5, 2017

Brett Leech is President of the Lending Solutions Division with Fiserv, Brookfield, Wis. He leads more than 800 associates who provide technology services for home and automotive clients across North America.

icon The Training Solution Whose Time Has Come
September 5, 2017

E-learning offers several advantages for a company with a remote workforce.

icon Slideshow: ATTOM Data Solutions Finding Deals When Distress Dries Up
September 5, 2017

Interest in foreclosures is heating up even as the foreclosure market dries up.

icon How Mortgage QC Software Can Create a Competitive Edge
September 5, 2017

Post-close quality control is mandated by the government-sponsored enterprises. Without it, your ability to sell to any one of the GSEs or mortgage banks is limited or revoked. So how do lenders turn this cost center into a benefit?

icon MBA Chart of the Week: Quarterly Pre-Tax Net Production Profits 2008-2017
September 1, 2017

Independent mortgage banks and mortgage subsidiaries of chartered banks have typically had the highest profitability in the second quarter of the year. The second quarter is when the spring home buying season traditionally kicks in and purchase production volume tends to increase.

icon MBANow: Tamara King on MBA Diversity & Inclusion Projects
August 30, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Residential Policy and Member Engagement Tamara King, who discusses ongoing projects involving the MBA member-led Diversity & Inclusion Committee.

icon Knowing Your Vendor Means More Than Checking the Box on an Annual Assessment
August 29, 2017

A common issue in oversight practices is assuming that the vendor will have the standard information on hand or even cares about your long list of audit requirements.

icon How Better Customer Data Allows You to Attract and Win Business
August 29, 2017

Jack Welch, the former chairman and CEO of General Electric, once said, "An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage." This statement has never been more valid.

icon Buzzworthy with Ann Fulmer: Risk Management, Borrower Liens and Judgments
August 29, 2017

In the first episode of this new podcast series, Ann Fulmer, chief strategy and industry relations officer with automated asset verification provider FormFree, Atlanta, discusses risk management as it relates to borrower liens and judgments--and why lenders need to pay attention.

icon Ask the Experts: Questions Mortgage Servicers Should Be Asking About Unclaimed Property
August 29, 2017

Compliance with state unclaimed property laws is not always top of mind for mortgage servicers--especially given the increasingly regulated space where these companies operate. But recent developments in the world of unclaimed property should compel the industry to take note and pay closer attention.

icon Slideshow: Advanced Data Jobless Borrower Index
August 29, 2017

The Advanced Data Jobless Borrower Index measures the average percentage of borrowers unemployed within a week of their mortgage closing.

icon MBA Chart of the Week: Loans in Foreclosure and New Foreclosures Started
August 25, 2017

The Mortgage Bankers Association's most recent National Delinquency Survey results show continuing resolution of distressed loans and fewer foreclosure starts have helped to reduce the number of loans in the foreclosure process to its lowest level since first quarter 2007.

icon People in the News
August 23, 2017

Freddie Mac, McLean, Va., named Stacey Goodman Executive Vice President and Chief Information Officer, effective Sept. 25.

icon MBANow: Laurie Goodman of Urban Institute on Mortgage Credit Availability
August 23, 2017

The Mortgage Bankers Association released a new MBANow video featuring Laurie Goodman of the Urban Institute, who discusses mortgage credit availability and the plight of first-time home buyers in the purchase mortgage market.

icon MBA Chart of the Week: Percent of FHA Purchase Loans by DTI
August 23, 2017

This week's chart depicts the percentage of FHA purchase loans in Ginnie Mae securities according to their back-end debt-to-income ratios for loans with first payments during the first six months of the year.

icon Today's Profits Mask the Undercurrents of Forthcoming Chaos
August 22, 2017

As financial institutions have become more, not less, systemically important to the domestic economic expansion, they also face fewer traditional competitors, are viewed with excessive societal distain, continue to commit transgressions for profitability and are perceived as stifling innovation due to cultures which are dedicated to greed.

icon TRID 2.0: More Clarity and a Potential Fix for the "Black Hole"
August 22, 2017

The amendments to the Know Before You Owe/TILA-RESPA Integrated Disclosure rule issued last month were a long time coming, but overall were worth the wait. TRID 2.0 addressed many of the pain points that our industry has struggled with over the past two years.

icon Herb Tasker, CMB, On Mortgage Industry Changes During a 53-Year Career
August 22, 2017

Mason-McDuffie Mortgage Chairman Herb Tasker, CMB, has seen many changes in the mortgage industry during his 53-year career. But, like most business leaders, he has never seen change take place as quickly as it is now.

icon Ask the Experts: Questions Mortgage Servicers Should Be Asking About Unclaimed Property
August 22, 2017

Compliance with state unclaimed property laws is not always top of mind for mortgage servicers--especially given the increasingly regulated space where these companies operate. But recent developments in the world of unclaimed property should compel the industry to take note and pay closer attention.

icon Slideshow: CoreLogic Loan Performance Insights
August 16, 2017

CoreLogic said falling delinquency, foreclosure and transition rates all point to a healthy housing market.

icon MBA Diversity & Inclusion Interview: Jennifer Whip, CMB
August 16, 2017

Jennifer Whip, CMB, is Principal with Cambridge One LLC, Southeastern, Pa., a banking and mortgage banking consulting firm that helps lenders increase improve revenues, enhance relationships and manage risk.

icon Need a Neutral Third Party That Can Really Be Trusted? Try Blockchain
August 16, 2017

When it comes to sensitive business transactions, trust is a huge issue. Whether you're talking about mortgage lending, tax auditing or completing a merger, all participants in the business ecosystem need a way to gain unshakeable trust in order to execute transactions successfully.

icon The Changing Face of Retail
August 16, 2017

As concern over the long-term prospects for shopping centers continues to mount, investors and lenders are becoming more selective about retail deals.

icon GSE Reform: Consumer Costs in a Reformed System
August 16, 2017

Following up on its landmark proposal for GSE reform in April, the Mortgage Bankers Association issued a companion piece detailing how MBA's plan to build a stable foundation for the secondary mortgage market would impact borrowers in the single-family market.

icon MBANow: The MBA GSE Reform Plan and Small Lenders
August 16, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Senior Vice President for Residential Policy and Member Engagement Pete Mills discussing the impact of MBA's GSE Reform plan on smaller lenders.

icon Q/A with Ann Fulmer of FormFree
August 9, 2017

A decade ago, we were in a booming housing market and industry regulations were loosely enforced. We all know what came next--the bursting of the housing bubble and a global financial crisis from which we're only beginning to fully recover. Our government and regulatory agencies responded to the meltdown with laws and regulations tightening underwriting standards, and the marketplace responded with better tools and technology.

icon Why Retaining Customers Isn't Enough In Today's Market
August 9, 2017

Many banks focus on customer retention as if it's the endgame in customer relationships. Since data show it's anywhere between six and seven times more expensive to acquire a new customer than retain an existing one, it is good business practice to focus on customer service. But it's nowhere near enough.

icon CMBS: It Was a Very Good Half-Year
August 9, 2017

Commercial mortgage-backed securities market conditions so far this year have been better than last year's first half.

icon MBA Chart of the Week: Year-Over-Year Contributions to Commercial Property Price Changes
July 28, 2017

Commercial property prices are a function of the net income generated by the property and the capitalization (cap) rate.

icon People in the News
July 25, 2017

ACES Risk Management, Pompano Beach, Fla., promoted Phil McCall from chief operating officer to president. He will oversee all operations for Phil McCallthe company, including expansion of the company's ACES Audit Technology platform.

icon Escrow Regulations 101: Are You In Compliance?
July 25, 2017

Because of amendments to Regulations X, Z and the new Biggert-Waters Component for escrow, compliance with escrow accounting requirements for mortgage loans will likely become an important issue for financial institutions and consumers that were able to avoid escrow in years past.

icon Slideshow: HomeUnion Single-Family Rental Report
July 24, 2017

HomeUnion, Irvine, Calif., examines the single-family rental sector.

icon MBA Chart of the Week: Servicing Costs Per Loan (Single-Family)--Performing v. Non-Performing
July 21, 2017

Servicing costs for performing loans dropped in 2016 for the first time since the beginning of the recession in 2008, according to the latest MBA Servicing Operations Study.

icon MBA Recognizes Premier, Select Members
July 18, 2017

MBA recognizes its Premier and Select Associate Members and thank them for their continued support of MBA and the real estate finance industry.

icon Escrow Regulations 101: Are You In Compliance?
July 18, 2017

Because of amendments to Regulations X, Z and the new Biggert-Waters Component for escrow, compliance with escrow accounting requirements for mortgage loans will likely become an important issue for financial institutions and consumers that were able to avoid escrow in years past.

icon Changes to HMDA Looming Fast
July 18, 2017

Sure, it's only July. But changes to the Home Mortgage Disclosure Act go into effect in less than six months--and if you're a lender who makes loans covered by HMDA, you need to be ready well before then.

icon Slideshow: MBA Quarterly Mortgage Bankers Performance Report
July 17, 2017

The Mortgage Bankers Association released its Quarterly Mortgage Bankers Performance Report.

icon MBA Chart of the Week: Hard-to-Fill Openings and Plans to Raise Compensation
July 14, 2017

According to data from the National Federation of Independent Businesses, which tracks small business economic trends, 34.2 percent of surveyed firms reported that they had difficulties filling job openings in May. This was the highest level since 2000.

icon MBANow: Marina Walsh Discusses Mortgage Industry Performance, Trends
July 12, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Industry Analysis Marina Walsh, who discusses the recent MBA Quarterly Mortgage Bankers Performance Report.

icon Changes to HMDA Looming Fast
July 11, 2017

Sure, it's only July. But changes to the Home Mortgage Disclosure Act go into effect in less than six months--and if you're a lender who makes loans covered by HMDA, you need to be ready well before then.

icon On Capitol Hill, MBA Makes the Case for GSE Reform
July 11, 2017

"The American people rely on a housing finance system that enables them to rent a quality, affordable apartment, buy their first home or build a nest egg to pass on to their children," MBA President and CEO David Stevens, CMB, told the Senate Banking Committee June 29. "We owe it to them to proceed with the hard work of reform without delay."

icon How GDP Drives Apartment Rents
July 11, 2017

To look at what drives rent growth, industry analysts often immediately turn to job growth as the most correlated statistic. However, job growth tends to be imperfectly related to rent growth patterns.

icon Slideshow: CoreLogic Home Price Index
July 11, 2017

CoreLogic's Home Price Index found prices up and inventory, sales and affordability all down.

icon MBANow: MBA National Advocacy Conference Recap
July 7, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA members who discuss their experiences on Capitol Hill at the recent MBA National Advocacy Conference.

icon MBA Chart of the Week: Large Banks: Production Volume Channel Mix
July 7, 2017

In this week's chart, we show the share of total production volume by the four major channels--Retail, Consumer Direct, Broker/Wholesale and Correspondent--for a large bank (depository) peer group.

icon Reducing the Sprawl in Mortgage Lending
July 3, 2017

This white paper tracks evolution of the modern LOS and explains how tech sprawl came to be such a dominant factor in technology management for many lenders. It outlines common problems institutions face when they try to maintain multiple LOSs and proposes a solution.

icon Evaluations are More than a Restricted Appraisal Report
July 3, 2017

Evaluations are as much a part of the lending arena as the credit underwriting concepts, but when is it appropriate to use this alternative product is of constant debate.

icon Slideshow: CRE Overview from Reis, MBA
July 3, 2017

Reis, New York, and the Mortgage Bankers Association examine the current commercial real estate market.