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Wednesday, January 23, 2019

MBA Insights Archive

icon The Digital Future of Mortgage Servicing
January 14, 2019

Mortgage servicers have had little incentive to innovate. Old-school features like static websites and paper-based notifications continue to define the typical customer experience. The result is an industry increasingly out of sync with customer expectations in a rapidly digitizing economy.

icon People in the News
January 14, 2019

The Mortgage Bankers Association announced Eduardo "Eddy" Perez, CMB, President of Equity Prime Mortgage LLC, has been appointed chairman of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2019-2020 election cycle. MBA also announced Jeffrey "Jeff" C. Taylor, Co-Founder and Managing Director of Digital Risk LLC, has been appointed chairman of the Mortgage Action Alliance (MAA) for the 2019-2020 election cycle.

icon How APIs are Changing the Way Fannie Mae--and its Customers--Do Business
January 14, 2019

Application Programming Interfaces, commonly known as APIs, are the Current Big Thing--although they've been around for more than 50 years. What's making APIs "hot" is in how they're being used in the mortgage industry. At Fannie Mae, Washington, D.C., APIs are transforming the way it and its customers do business.

icon MBA Chart of the Week: Selected Wage Growth Measures
January 11, 2019

The chart shows year-over- year percent changes for each series relative to the same quarter one year ago. All three measures point to wage growth that accelerated through most of 2018 and in some cases, at the fastest pace since the last recession.

icon MBA Washington Update with Dan Grattan
January 9, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative Affairs Dan Grattan, who discusses the partial government shutdown; MBA efforts to get FEMA and the IRS to process loan applications and tax requests, respectively; and the new political climate in Washington.

icon MBANow: Pete Mills on Upcoming MBA Independent Mortgage Bankers Conference
January 9, 2019

In this MBANow video, MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills discusses the upcoming MBA Independent Mortgage Bankers Conference, taking place in San Francisco Jan. 28-31.

icon MBA Mortgage Market Update
January 9, 2019

Mortgage Bankers Association Vice President of Industry Analysis Marina Walsh breaks down the MBA Weekly Applications Survey for the week ending Jan. 4.

icon mPower Moments: Bill Cosgrove, CMB, on Increasing Career Advancement Opportunities
January 7, 2019

Former MBA Chairman Bill Cosgrove, CMB, President and CEO of Union Home Mortgage, Strongsville, Ohio, joins mPower Founder Marcia M. Davies to discuss how to increase advancement opportunities for women in the mortgage banking industry.

icon MBANow: Sam Zaki of Radian on Changes in Title Industry
January 7, 2019

In this MBANow video, Sam Zaki, Senior Vice President of Appraisal Sales and Strategy with Radian, Philadelphia, discusses the changing face of the title industry.

icon MBA Chart of the Week: Treasury Yield Spreads
January 4, 2019

The financial markets have been speaking, loudly, indicating significant concerns regarding the growing risk of a recession in the near future.

icon MBA Mortgage Market Update
January 3, 2019

Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the weeks ending Dec. 21 and Dec. 28.

icon MBANow: Brian Vieaux, CMB, of Flagstar Bank
January 2, 2019

In this MBANow video, Brian Vieaux, CMB, Senior Vice President of Third-Party Originations with Flagstar Bank FSB, Troy, Mich., discusses how loan originator compensation policies affect business and the value of MBA membership.

icon Navigating the World of HOA
January 1, 2019

The property tax industry is riddled with challenges, ranging from missing exemptions and orphaned accounts to the ever-changing list of special collection districts. When performed improperly, homeowner association data collection presents another obstacle that could cost loan servicers thousands of dollars in fines or even worse, the forfeiture of a property.

icon How APIs are Changing the Way Fannie Mae--and its Customers--Do Business
January 1, 2019

Application Programming Interfaces, commonly known as APIs, are the Current Big Thing--although they've been around for more than 50 years. What's making APIs "hot" is in how they're being used in the mortgage industry. At Fannie Mae, Washington, D.C., APIs are transforming the way it and its customers do business.

icon MBA Premier Member Profile: DocMagic
January 1, 2019

Founded in 1987 and headquartered in Torrance, Calif., DocMagic provides Document Generation, Compliance, eSign, eDelivery and comprehensive Digital Transaction Solutions for the mortgage industry.

icon People in the News
January 1, 2019

LRES, Orange, Calif., promoted Audrey Clearwater to Senior Vice President of Operations.

icon Slideshow: ARMCO Mortgage Quality Control Industry Trends Report
January 1, 2019

The leading critical defect categories in second-quarter 2018 were Income/Employment, Loan Package Documentation and Assets, ARMCO reported.

icon Call for Nominations for MBA Insights 2019 Tech All-Star Awards; Deadline Jan. 11
January 1, 2019

The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2019 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 11.

icon Navigating the World of HOA
December 24, 2018

The property tax industry is riddled with challenges, ranging from missing exemptions and orphaned accounts to the ever-changing list of special collection districts. When performed improperly, homeowner association data collection presents another obstacle that could cost loan servicers thousands of dollars in fines or even worse, the forfeiture of a property.

icon FOMO #AI Part 4: どうもありがとうミスターロボット
December 24, 2018

In this last installment of the four-part series, rapid advancements of #AI pose catastrophic threats and outrageous opportunities for financial enterprises seeking to remain relevant in the face of skill deficits, ethical debates and use of "octopus" data.

icon Everyone Loves to Be Recruited, But No One Likes to Be Taken
December 24, 2018

To most of us in the mortgage industry, 2018 has been arguably the most difficult for originators and mortgage companies since the meltdown. The main differentiators in today's retail distributed branch recruitment are subtle but very important. That makes it difficult for a branch manager or productive loan officer to make an informed decision about which company to join. Quite frankly, there are more falsehoods than you would believe.

icon Shared Space: Disrupting the Traditional Office
December 24, 2018

Shared office space is a fast-growing part of the office market landscape, fueled by the evolution of the technology industry and the way people work, and the demands of businesses and workers. Simply put, what is expected out of the office is slowly changing and will continue to develop for years to come.

icon MBA Chart of the Week: Number of Owner and Renter Households
December 21, 2018

Each year, the Harvard Joint Center for Housing Studies releases its State of the Nation's Housing report, of which MBA's Research Institute for Housing America is a sponsor.

icon Slideshow: MBA Mortgage Bankers Performance Report
December 17, 2018

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $480 on each loan they originated in the third quarter, down from a reported gain of $580 per loan in the second quarter, the Mortgage Bankers Association reported.

icon People in the News
December 17, 2018

Fannie Mae, Washington, D.C., elected Jonathan Plutzik as Chair of its Board of Directors. He succeeds Egbert L. J. Perry, who will step down on December 19, following his completion of 10 years of service on the Board.

icon KBRA 2019 CMBS Preview
December 17, 2018

Eric Thompson and Larry Kay of Kroll Bond Rating Agency, New York, look at 2019 commercial mortgage-backed securities issuance and credit trends.

icon Bret Leech on Fiserv's Change to Sagent Lending Technologies
December 17, 2018

Bret Leech is President and CEO of Sagent Lending Technologies, King of Prussia, Pa. Previously, he served two years as Fiserv's Division President of Lending Solutions, providing technology services for home and automotive clients across North America. Before that, he served three years as Fiserv's Senior Vice President of Human Resources.

icon 2019 Technology Forecast with Michael Kolbrener of PromonTech
December 17, 2018

Michael Kolbrener is Chief Technology Officer with PromonTech, Denver. He has 25 years of experience creating technology in various industries. He has delivered complex programs in all areas of enterprise IT including software engineering, infrastructure and analytics.

icon The Commercial Real Estate Transaction Threshold: What's Changed; How it Affects You; What Lies Ahead
December 17, 2018

Nearly 10 years have passed since the end of the Great Recession, and the banking industry is still adapting to the regulatory changes put in place to prevent its recurrence. An apprehensive public was vocal in its demands for greater transparency in real estate lending, and the government's response was swift and aggressive; putting highly publicized regulations into place in an attempt to rebuild consumer trust.

icon Everyone Loves to Be Recruited, But No One Likes to Be Taken
December 17, 2018

To most of us in the mortgage industry, 2018 has been arguably the most difficult for originators and mortgage companies since the meltdown. The main differentiators in today's retail distributed branch recruitment are subtle but very important. That makes it difficult for a branch manager or productive loan officer to make an informed decision about which company to join. Quite frankly, there are more falsehoods than you would believe.

icon MBA Chart of the Week: Homeowners Equity in Real Estate
December 14, 2018

In the second quarter, homeowners' equity in real estate reached $15.2 trillion and continued a run of consecutive increases dating back to 2010. This new peak was about 13 percent higher than the previous high of $13.4 trillion reached in 2006, and more than two and half times greater than the low point of $6 trillion during the recession in 2009.

icon MBA Washington Update
December 13, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Public Affairs Rob Van Raapshorst, who reports on Kathy Kraninger's first week at the Consumer Financial Protection Bureau; and a two-week extension of the National Flood Insurance Program.

icon MBANow: James McDuffie of First Citizens Bank
December 13, 2018

In this MBANow video, James McDuffie, Senior Vice President and Manager of Diverse Lending Sales with First Citizens Bank, Raleigh, N.C., discusses curent industry trends.

icon The Commercial Real Estate Transaction Threshold: What's Changed; How it Affects You; What Lies Ahead
December 10, 2018

Nearly 10 years have passed since the end of the Great Recession, and the banking industry is still adapting to the regulatory changes put in place to prevent its recurrence. An apprehensive public was vocal in its demands for greater transparency in real estate lending, and the government's response was swift and aggressive; putting highly publicized regulations into place in an attempt to rebuild consumer trust.

icon Kevin Wall of First American Financial Corp. on the Technology Revolution
December 10, 2018

Kevin Wall is President of First American Mortgage Solutions, Santa Ana, Calif., a provider of data and technology offerings covering the entire residential loan spectrum, including 100 percent coverage of U.S. property ownership data, fraud and verifications, regulatory compliance, valuations, fulfillment services, quality control, title and settlement, post-closing document management, home equity and default services.

icon Slideshow: Have Yourself A Merry Little Closing from ClosingCorp
December 10, 2018

ClosingCorp, San Diego, looks at closing costs in America's most festively named towns.

icon Home Equity Lending: A Fair Lending Game Changer
December 10, 2018

On the eve of reporting expanded Home Mortgage Disclosure Act data, there is justifiable anxiety around these changes and how the new data will be a reflection on each reporting institution. Perhaps the biggest change in the HMDA data is the morphing of the loan purpose (Home Purchase, Refinance, Home Improvement) reporting requirement to the lien-based requirement for consumer transactions. This subtle move is expected to significantly increase the overall number of records that are reported within the industry.

icon Tom Millon of Capital Markets Cooperative on Primary and Secondary Market Concerns
December 10, 2018

Tom Millon is CEO of Capital Markets Cooperative, Ponte Vedra Beach, Fla., a Computershare company that provides products and services to a nationwide network of more than 500 companies. He is a leading authority on mortgage capital markets and is a published author, frequent speaker and expert on mortgage finance.

icon MBA Chart of the Week: CMBS/Bank Delinquencies
December 7, 2018

In the commercial and multifamily mortgage markets, different capital sources track delinquency rates in different ways, and for a host of good reasons. Many capital sources, including banks, calculate delinquencies up to the point where an economic loss is recorded.

icon MBA Now: Lorelei Wilson of Veterans United Home Loans on Diversity & Inclusion
December 6, 2018

In this MBANow video, Lorelei Wilson, Director of Diversity & Inclusion with Veterans United Home Loans, discusses her company's Residential Diversity & Inclusion award from MBA.

icon MBA Mortgage Market Update
December 5, 2018

Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Nov. 30.

icon Kevin Wall of First American Mortgage Solutions on the Technology Revolution
December 3, 2018

Kevin Wall is President of First American Mortgage Solutions, Santa Ana, Calif., a provider of data and technology offerings covering the entire residential loan spectrum, including 100 percent coverage of U.S. property ownership data, fraud and verifications, regulatory compliance, valuations, fulfillment services, quality control, title and settlement, post-closing document management, home equity and default services.

icon People in the News
December 3, 2018

William E. Cumberland, who served 28 years as Senior Vice President and General Counsel of the Mortgage Bankers Association, passed away on Nov. 29 following a long battle with cancer. He was 80.

icon Home Equity Lending: The Good, the Bad and the Compliance Challenges
December 3, 2018

If the home equity lending market were a character in a western movie, it might be called "The Comeback Kid." In 2007, lenders had $2.03 trillion in home equity lines of credit and closed-end second mortgages on their books, according to analysis from Inside Mortgage Finance. But then the crisis came and that number steadily dropped during the past decade to $1.02 trillion.

icon MBA Washington Update with Erin Barry
December 3, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses the Senate runoff election in Mississippi; flood insurance; and pending nominations.

icon Understanding How Third-Party Risk Management Affects Reputation Risk--and Why It's Important
December 3, 2018

Reputation risk is one of the factors of risk that is easy to understand but tough to quantify. The Federal Financial Institutions Examination Council states, "Reputation risk occurs when negative publicity regarding an institution's business practices leads to a loss of revenue or litigation."

icon RPA in Banking
December 3, 2018

Given the challenges entailed by digital change, many banks are looking for quick and less expensive alternatives that can deliver short-term wins while major initiatives are underway. Robotic Process Automation can help bridge this gap as a relatively inexpensive and even temporary alternative, both for customer-facing and middle- and back-office functions.

icon MBA Chart of the Week: IMB Loan Amounts for Retail/Consumer Direct Production Channels
November 30, 2018

Today's Chart of the Week compares the average purchase loan amount to the average refinance loan amount for those independent mortgage bankers who originate loans through the retail and/or consumer direct production channels exclusively, with no third-party originations volume.

icon MBA Washington Update with Kelley Williams
November 29, 2018

Mortgage Bankers Association Associate Vice President of Legislative Affairs Kelley Williams provides the latest MBA Washington Update.

icon MBA Mortgage Market Update
November 29, 2018

Mortgage Bankers Association Chief Economist Mike Fratatnoni breaks down the MBA Weekly Applications Survey for the week ending Sept. 28.

icon MBANow: MBA President & CEO Bob Broeksmit, CMB, on 'Gig Economy' Legislation
November 29, 2018

In this MBANow video, MBA President and CEO Bob Broeksmit, CMB, discusses legislation that would make it easier for self-employed individuals to obtain mortgages with MBA Associate Vice President Rob Van Raaphorst.

icon Slideshow: Blend on How Technology is Changing How Borrowers Do Business
November 28, 2018

Blend, San Francisco, surveyed lending and information technology professionals about how technology is changing the consumer loan market.

icon MBANow: Joe Welu of Total Expert
November 27, 2018

In this MBANow video, Joe Welu, Founder and CEO of Total Expert, St. Louis Park, Minn., sits down with MBA Associate Vice President Rob Van Raaphorst.

icon MBA Washington Update with Bill Killmer
November 27, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, who discusses pending Administration nominations, possible action in the "lame duck" session of the 115th Congress; and the recently released FHA Actuarial Report.

icon Digital Mortgages: Coming to Your Neighborhood Soon
November 26, 2018

If there was one takeaway from the Digital Mortgage Conference in Las Vegas last month, it is that the time is now for mortgage lenders and servicers to deploy the next wave of digital capabilities for the mortgage market.

icon Home Equity Lending: The Good, the Bad and the Compliance Challenges
November 26, 2018

If the home equity lending market were a character in a western movie, it might be called "The Comeback Kid." In 2007, lenders had $2.03 trillion in home equity lines of credit and closed-end second mortgages on their books, according to analysis from Inside Mortgage Finance. But then the crisis came and that number steadily dropped during the past decade to $1.02 trillion.

icon The Automation Maturity Curve: Making the Leap from RPA to Cognitive Solutions
November 26, 2018

Many banks are implementing point solutions to automate key parts of processes without significantly overhauling their underlying systems. The approach is to look for quick and low-cost opportunities to achieve short-term wins while major initiatives are underway. Robotic Process Automation helps bridge that gap by providing relatively inexpensive and even temporary alternatives. However, the next wave of automation will be more strategic and permanent in nature.

icon Relearning the Path to Clear Communication
November 26, 2018

How credit unions can tap into their high touch reputation to improve the borrower experience.

icon MBA Chart of the Week: Thanksgiving Consumption
November 21, 2018

In the spirit of Thanksgiving, we looked at the annual price changes of some popular items typically purchased by consumers during Thanksgiving week, using data from the Consumer Price Index.

icon Digital Mortgages: Coming to Your Neighborhood Soon
November 19, 2018

If there was one takeaway from the Digital Mortgage Conference in Las Vegas last month, it is that the time is now for mortgage lenders and servicers to deploy the next wave of digital capabilities for the mortgage market.

icon Brenda Clem, CMB, of Pavaso on Technology and Profitability
November 19, 2018

Brenda B. Clem, CMB, is Executive Vice President of Capital Markets with Pavaso, Plano, Texas, a provider of digital mortgage closing technology. She has more than 30 years of experience in operations and secondary markets. She is an active member of The Mortgage Bankers Association with a Certified Mortgage Banker designation and has served on various committees within MBA and MISMO. She is currently co-chair of the MISMO eWarehouse Workgroup and is a frequent speaker at industry events.

icon Surveyors, Mortgage Bankers and Their Common Thread--The Land Title Survey, Part 2
November 19, 2018

In Part 1 of this series, we explored the purpose and elements of an ALTA/NSPS Land Title Survey. This installment will hopefully provide some context related to concerns surveyors have over certifications and notes, additional liability and some of the strategies currently being employed to cut costs and time out of real property transactions. The goal is to diminish the number of surprises, delays and contentious conversations that might otherwise take place between surveyors and lender's counsel.

icon Jorge Ponce of FirstClose on Bringing Profit Back to Mortgage Lending
November 19, 2018

Jorge Ponce is Director of Business Development with FirstClose, Austin, Texas. He has more than 15 years of experience in bank operations, mortgage and risk-based consumer lending and is responsible for driving adoption, client communication and product development.

icon People in the News
November 19, 2018

Marcia M. Davies, COO of the Mortgage Bankers Association and founder of mPower, was honored as a 2018 Maverick of the Year Silver Stevie Award winner at the 15th annual Stevie Awards for Women in Business gala event held on Nov. 16 at the Sheraton New York Times Square Hotel.

icon MBA Chart of the Week: Mortgage Delinquency Rates in Texas, Florida
November 16, 2018

Last week, MBA Research released third quarter results of its National Delinquency Survey. Despite a very healthy economy, the delinquency rate for mortgage loans on one-to-four-unit residential properties was up 11 basis points from the previous quarter, largely as a result of storms affecting the Carolinas, Mississippi, Arkansas and Alabama.

icon MBA Washington Update with Erin Barry
November 16, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses the 2018 midterm elections and the current "lame-duck" session of Congress; defeat of the controversial Proposition 10 in California; and the MBA Diversity & Inclusion Summit taking place Nov. 27-28 in Washington.

icon MBANow: Sam Zaki of Radian on State of Title Industry
November 14, 2018

In this MBANow video, Sam Zaki, Senior Vice President of Title/Appraisal Sales and Strategy with Radian, discusses the changing face of the title industry.

icon MBA Mortgage Market Update
November 14, 2018

Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Nov. 9.

icon mPower Moments: Joanne Lipman on Closing the Gender Gap
November 14, 2018

Best-selling author Joann Lipman joins mPower Founder Marcia M. Davies to discuss her book, That's What She Said, and how men can play an active role in closing the gender gap for women in the workplace..

icon Brenda Clem, CMB, of Pavaso on Technology and Profitability
November 12, 2018

Brenda B. Clem, CMB, is Executive Vice President of Capital Markets with Pavaso, Plano, Texas, a provider of digital mortgage closing technology. She has more than 30 years of experience in operations and secondary markets. She is an active member of The Mortgage Bankers Association with a Certified Mortgage Banker designation and has served on various committees within MBA and MISMO. She is currently co-chair of the MISMO eWarehouse Workgroup and is a frequent speaker at industry events.

icon October 2018 MBA Annual Convention Survey Scorecard
November 12, 2018

This is the 21st time since 2008 that this survey has been conducted, distributed and published. I complete it twice annually, at the MBA Annual Convention every October, and each May at the MBA National Secondary Market Conference. This year marked my 39th MBA convention in 42 years.

icon People in the News
November 12, 2018

Hunt Real Estate Capital, New York, named Tyler Griffin as Chief Operating Officer.

icon Court Holds FDCPA Applies to Debt Collectors with Debts They Own
November 12, 2018

In a recent precedential opinion, the Third Circuit held that an entity whose principal purpose is the collection of debts is a debt collector even if it owns the debt it is collecting and, therefore, is not collecting a debt owed another. In other words, an entity that meets the "principal purpose" definition is a debt collector even if it does not also meet the "regularly collects" definition.

icon ‘FOMO'--Welcome to ‘Snowflake' Delivery Conduits, Part 3
November 12, 2018

From biohacks to "becoming a cyborg" to the risk of "becoming ‘house cats' to artificial intelligence", fear and anxiety of channels has never been higher--and the stakes larger--for the 98% of financial institutions.

icon John and Patrick Seroka on New Marketing Strategies for Lenders
November 12, 2018

John Seroka is a Principal and Brand Strategist with Seroka Brand Development, Brookfield, Wis., which provides brand development, marketing, PR, social media and mobile strategies to companies throughout the mortgage industry. Patrick Seroka is CEO of Seroka Brand Development, and has been named Entrepreneur of the Year by Ernst & Young and Merrill Lynch.

icon MBA Chart of the Week: Homeownership Rates by Age
November 9, 2018

The focus of this week's chart is the homeownership rate of the under-35 age group. At 36.8 percent in the third quarter, this the highest homeownership rate for this group in five years.

icon MBA Mortgage Market Update
November 7, 2018

Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Nov. 2.

icon MBANow: Jaime Fiore on MBA Path to Diversity Program
November 6, 2018

In this MBANow video, Synovus Mortgage Corp.'s Jaime Fiore discusses MBA Education and the MBA Path to Diversity Scholarship program.

icon People in the News: MBA Presents Stanislav Kornienko with 2018 Willis Bryant Award
November 5, 2018

MBA Education presented Stanislav Kornienko, AMP, of Freddie Mac with its 2018 Willis Bryant Award.

icon October 2018 MBA Annual Convention Survey Scorecard
November 5, 2018

This is the 21st time since 2008 that this survey has been conducted, distributed and published. I complete it twice annually, at the MBA Annual Convention every October, and each May at the MBA National Secondary Market Conference. This year marked my 39th MBA convention in 42 years.

icon What Lenders Think of TRID Three Years Later--And What It Means for TRID 2.0
November 5, 2018

It has been three years since the TILA-RESPA Integrated Disclosure rule (TRID) went into effect and reviews are still mixed as to whether the rule has improved the mortgage process in any of the ways its original proponents intended.

icon MBANow: CREF Corner Office Conversation with DBRS's Erin Stafford
November 5, 2018

In this MBANow video, DBRS Managing Director Erin Stafford discusses commercial mortgage-backed securities, the role of rating agencies and the credit outlook for commercial real estate.

icon MBA Washington Update with Dan Fichtler
November 5, 2018

Mortgage Bankers Association Director of Housing Finance Policy Dan Fichtler provides the latest MBA Washington Update.

icon Should Commercial Mortgage Rates Be Higher?
November 5, 2018

It is tough out there for mortgage lenders. Given the run-up on the long end of the yield curve from midyear 2016 to 2018, one might have expected a similar increase in commercial mortgage rates. The intense competition from a variety of sources of debt capital, particularly upstart debt funds, has forced lenders to accept narrower margins.

icon In the Era of Technological Transformation, What Must Lenders Do to Remain Successful?
November 5, 2018

The introduction of robo-advisers and biometric data to gain access to a bank account signify the beginning of an era of accelerating technological transformation. Significant changes in technology will continue to affect all facets of the financial environment in the coming years and therefore affect the lives of consumers, employees and business owners.

icon Lions and Tigers and Bears, Oh My! How Mortgage Bankers Can Thrive in a Volatile Rate Environment
November 5, 2018

In the classic film, "The Wizard of Oz," when Dorothy sets out on the Yellow Brick Road, she is warned about the dangers of the journey--among them, "lions and tigers and bears, oh my!" When you think about it, it's not all that different from what mortgage bankers are given to understand about the challenges of the current market.

icon MBANow: Bob Broeksmit, CMB, on Loan Originator Compensation
November 5, 2018

In this MBANow video, Mortgage Bankers Association President and CEO Robert Brokesmit, CMB, discusses the Association's efforts to change the Bureau of Consumer Financial Protection's Loan Originator Compensation rule.

icon MBA Chart of the Week: Multifamily Lending in 2017
November 2, 2018

The multifamily mortgage market is large and diverse, with 2,554 lenders making 44,623 loans totaling a record $285 billion in 2017 involving loans ranging in size from thousands of dollars to hundreds of millions of dollars.

icon MBANow: Kevin Wall of First American Financial Corp.
October 29, 2018

In this MBANow video, Kevin Wall, President of First American Financial Corp., Santa Ana, Calif., discusses digital mortgages and the market outlook for 2019

icon What Lenders Think of TRID Three Years Later--And What It Means for TRID 2.0
October 29, 2018

It has been three years since the TILA-RESPA Integrated Disclosure rule (TRID) went into effect and reviews are still mixed as to whether the rule has improved the mortgage process in any of the ways its original proponents intended.

icon MBA 2018 Residential Diversity & Inclusion Leadership Award Winners
October 29, 2018

This year's Mortgage Bankers Association Residential Diversity & Inclusion Leadership Award Winners share one common trait above all--a passionate commitment to improve both the workplace and the customer experience.

icon MBA Opens Doors Foundation Celebrates a ‘Monumental' Week of Fundraising at MBA Annual
October 29, 2018

The MBA Opens Doors Foundation announced it raised $685,175 during the Mortgage Bankers Association's 2018 Annual Convention and Expo, held in Washington, D.C., Oct. 14-17.

icon People in the News
October 29, 2018

NotaryCam, Newport Beach, Calif., hired digital mortgage specialist Kelly Purcell as Executive Vice President of Marketing and Business Development. She will oversee the company's marketing, industry partnerships and enterprise sales efforts.

icon Houston, We Have a Problem: Taking Action when a Vendor Issue Arises
October 29, 2018

There are going to be times when things do not go well with your vendors. You can have the best third-party risk management program in the world, but there will be things well outside of your control, no matter how hard you try.

icon Bryan Lynch of Advantage Systems on Choosing, Implementing Software
October 29, 2018

Brian D. Lynch is founder and president of Irvine, Calif. -based Advantage Systems, a provider of accounting and contract management tools for the mortgage banking and real estate industries. He is responsible for managing the company's day-to-day operations and guiding the company's strategic direction.

icon Improving the CMBS Borrower Experience: Myth or Reality?
October 29, 2018

Have we improved the borrower experience with commercial mortgage-backed securities? Are we on the right track? Here is a recap of specific issues identified by MBA and CREF C task forces that caused the borrower experience to be so bad.

icon MBA Chart of the Week: Technology Spending
October 26, 2018

MBA and Celent (a research, advisory and consulting firm) recently released results of their Technology Spending Survey 2018, The Loan Origination Process. The Survey was completed by Chief Information Officers at mortgage lending institutions.

icon MBA Mortgage Market Update
October 24, 2018

Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Oct. 19.

icon MBANow: Patrick Carey of Bank of America on Diversity & Inclusion
October 23, 2018

In this MBANow video, Patrick Carey, National Fulfillment Executive with Bank of America, discusses his company's commitment to diversity and inclusion.

icon MBA Recognizes 2018 Diversity & Inclusion Leadership Award Applicants
October 22, 2018

The Mortgage Bankers Association received a record number of applications this year for its Residential Diversity & Inclusion Leadership Awards. MBA thanks this year's applicants, listed below.

icon Magic Johnson Talks Leadership, Philanthropy
October 22, 2018

WASHINGTON, D.C.--NBA superstar, businessman and philanthropist Earvin "Magic" Johnson knows the best thing about success.

icon MBA 2018 Residential Diversity & Inclusion Leadership Award Winners
October 22, 2018

This year's Mortgage Bankers Association Residential Diversity & Inclusion Leadership Award Winners share one common trait above all--a passionate commitment to improve both the workplace and the customer experience.

icon MBA Washington Update with Alden Knowlton
October 22, 2018

Mortgage Bankers Association Director of Political Affairs Alden Knowlton provides the latest MBA Washington Update.

icon Bits and Pieces: ‘FOJI,’ Part 2
October 22, 2018

For 98% of banking organizations, call it what you want-FOMO (Fear of Missing Out); FOJI (Fear of Joining In); FOBO (Fear of Better Options); or FOMOMO (Fear of the Mystery of Mission Out)--it's still all about fear for many enterprises trying to stay relevant in the eyes of a consumer gifted with many choices. After all, 133t ("elite") ain't all that!

icon MBA Chart of the Week: MBA Annual Convention Interactive Survey
October 19, 2018

At the MBA 2018 Annual Convention and Expo in Washington, D.C., we asked our members, exhibitors, sponsors and other conference attendees to tell us, via an interactive activity in the Exhibit Hall, which one of these four key industry issues would make 2019 a monumental year for them and for the industry.

icon 'Morning Joe' Recaps #mPoweringYou18
October 16, 2018

MSNBC 'Morning Joe' co-host Mika Brzezinski spent part of the program recapping the Mortgage Bankers Association's mPowering You event Oct. 14 in Washington, D.C.

icon People in the News
October 15, 2018

Redfin, Seattle, hired Daryl Fairweather as its Chief Economist, responsible for leading the company's economists and data analysts in real estate, homeownership and economic trends.

icon Slideshow: ARMCO Mortgage QC Industry Trends
October 15, 2018

ACES Risk Management, Pompano Beach, Fla., provides data from its quarterly Mortgage QC Industry Trends Report.

icon MBA President/CEO Bob Broeksmit: ‘We are Working for You'
October 15, 2018

Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, delivered keynote remarks Oct. 15 at the MBA Annual Convention & Expo in Washington, D.C. 

icon Chris George: 'Change Is In the Air. This Means One Word: Opportunity'
October 15, 2018

Mortgage Bankers Association Chairman Chris George, delivered this keynote address Oct. 15 at the MBA Annual Convention & Expo in Washington, D.C. George is Founder, President and CEO of CMG Financial, San Ramon, Calif.

icon Break Through the Privacy Illusion with Blockchain
October 15, 2018

What if information could be shared at an elemental level and the authority to share the information remained with the individual? Imagine a world where you, the individual, had absolute control over exactly how much of your identity others were able to see.

icon D.C. Leads Nation in Mortgage Closing Costs
October 15, 2018

With the MBA Annual Convention & Expo taking place this week in Washington, D.C.,  Gerardo Caceras of ClosingCorp takes a look at why the D.C. metro article leads the nation in closing costs--and what might be done to change that.

icon MBA Chart of the Week: Builder Applications Survey Index
October 12, 2018

This week's chart addresses the latest findings from MBA's Builder Applications Survey Index. The BAS follows monthly mortgage applications taken by lenders affiliated with, or who work in cooperation with, home builders on the purchase of new single-family properties.

icon mPower Moments: Shawn Krause of Quicken Loans
October 10, 2018

Shawn Krause, EVP of Quicken Loans, Detroit, joins mPower Founder Marcia M. Davies to discuss how she got where she is, how to get your voice heard and the importance of giving back to your community.

icon mPower Moments: Ruth Sherman on Delivering the Best Speech
October 10, 2018

Ruth Sherman, executive speech coach and media trainer, joins mPower Founder Marcia M. Davies to discuss Delivering the Best Speech.

icon Lenders' Performance Myths Harm Performance
October 8, 2018

Improved AMC performance won't require licensing expensive technology or radical origination process changes. But before that can happen, these myths need to be replaced with more meaningful performance measures and increases in productivity.

icon MBA Recognizes Premier, Select Members
October 8, 2018

These members provide a variety of valuable products and services, including legal, insurance, technology, consulting, communications and more that help to grow your bottom line.

icon Bits and Pieces: Fear of Missing Out, Part 1
October 8, 2018

In Part 1 of this series, are the 98% of financial institutions (including community banks and credit unions) ignoring longer-term viability approaches to emulate their larger financial cousins (i.e., "size matters")? Is profitability and consumer efficacy for institutions having less than $10 billion in assets lagging due to antiquated ideas attributed to scale and competitiveness?

icon People in the News
October 8, 2018

Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.

icon MBA Washington Update with Erin Barry
October 8, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses an MBA letter to Treasury and the IRS on business deduction "pass-throughs;" FHA's changes to its Home Equity Conversion Mortgage program; and a Senate Banking Committee hearing on regulatory relief.

icon Break Through the Privacy Illusion with Blockchain
October 8, 2018

What if information could be shared at an elemental level and the authority to share the information remained with the individual? Imagine a world where you, the individual, had absolute control over exactly how much of your identity others were able to see.

icon Riding the Wave of Mortgage Digitization
October 8, 2018

After surviving recent regulatory reforms, mortgage bankers and financial institutions are ready to move beyond compliance. And not a moment too soon--because the next wave of change is about to hit. That wave, of course, is digitization.

icon Ann Gibbons of New Diligence Advisors on Emerging Non-QM Market
October 8, 2018

Ann Gibbons is a Managing Director with New Diligence Advisors, Horsham, Pa., responsible for strategic business development and building client relationships.

icon MBA Chart of the Week: Commercial/Multifamily Mortgages Intermediated to Non-Traditional Lenders
October 5, 2018

The role of "non-traditional" lenders continues to grow within the commercial real estate finance market.

icon MBANow: Thomas Kim on Commercial Real Estate Outlook
October 4, 2018

In this MBANow video, MBA Senior Vice President of Commercial/Multifamily Thomas Kim discusses the outlook for the commercial real estate market and the upcoming MBA CREF Convention & Expo.

icon MBANow: Walker & Dunlop CEO Willy Walker
October 3, 2018

The Mortgage Bankers Association's latest MBANow video features Walker & Dunlop CEO Willy Walker, who discusses multifamily real estate, Walker & Dunlop's business strategy and GSE reform.

icon MBA Mortgage Market Update
October 3, 2018

Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Sept. 28.

icon MBA Premier Member Profile: Finicity
October 2, 2018

Finicity is simplifying the verification process through customer-permissioned access to financial account information. This digital experience allows lenders to verify customer financial information. No paper chase. No hassle. No second requests. Simply fast and accurate verification.

icon Jon Gerretsen of Trelix on Outsourcing Trends
October 1, 2018

Jon Gerretsen is President of Trelix, an Altisource business unit that helps lenders mitigate risks and reduce costs through customized mortgage fulfillment services.

icon Riding the Wave of Mortgage Digitization
October 1, 2018

After surviving recent regulatory reforms, mortgage bankers and financial institutions are ready to move beyond compliance. And not a moment too soon--because the next wave of change is about to hit. That wave, of course, is digitization.

icon Top 5 Takeaways From The 2018 Western States CREF Conference
October 1, 2018

Top-of-mind for speakers and attendees at the the 21st Annual Western States CREF Conference was where we are in the extended real estate cycle and how the current climate is impacting location selection, asset sectors, capital flow and loan terms.

icon Ann Gibbons of New Diligence Advisors on Emerging Non-QM Market
October 1, 2018

Ann Gibbons is a Managing Director with New Diligence Advisors, Horsham, Pa., responsible for strategic business development and building client relationships.

icon MBA Chart of the Week: Key Market Rates
September 28, 2018

This week's chart features key market rates that impact the economy and housing markets.

icon MBANow: Jeff Jonas of Red Bell Real Estate LLC
September 27, 2018

In this  MBANow video, Jeff Jonas, President of Radian subsidiary Red Bell Real Estate LLC, discusses trends in appraisal technology and valuation data.

icon MBA Mortgage Market Update
September 26, 2018

Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Sept. 21.

icon Tax Break Creates New Frontiers of 'Opportunity'
September 25, 2018

The Tax Cut and Jobs Act of 2017 contained a provision that allows investors to defer or avoid taxes on capital gains if the money is reinvested in designated "Opportunity Zones." The goal is to generate economic activity in areas that once thrived but have fallen on hard times. More than 8,700 areas in the U.S. have been certified by the Treasury Department as opportunity zones.

icon MBA Washington Update with Alden Knowlton
September 25, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Director of Political Affairs Alden Knowlton, who discusses MBA's meeting with the Treasury Department; legislative developments; and New York's lawsuit filed against the Office of the Comptroller of the Currency.

icon Patrick Stone of Williston Financial Group on State of Housing Market
September 24, 2018

Patrick Stone is Executive Chairman and Founder of Williston Financial Group, Portland, Ore.

icon People in the News
September 24, 2018

The Mortgage Bankers Association awarded Laura Sherrod, Director of Servicing Compliance and Learning Development with AmeriFirst Home Mortgage, Kalamazoo, Mich., with the first annual Ken Markison Legacy Achievement Award

icon DIMONT's Denis Brosnan on Top Disaster Recovery Issues Faced by Servicers
September 24, 2018

Denis Brosnan is President and CEO of Dallas-based DIMONT, provider of specialty insurance and loan administration services for the residential and commercial financial industries in the U.S.

icon MBA Chart of the Week: Purchase Mortgage Applications Index
September 21, 2018

This week's chart shows how home purchase mortgage applications in recent weeks have started to increase again, compared to the same week a year ago, after weakening slightly in the late summer months.

icon MBANow: MBA President & CEO Bob Broeksmit, CMB
September 18, 2018

The Mortgage Bankers Association's latest MBANow video features MBA President and CEO Bob Broeksmit, CMB, who discusses his priorities and goals.

icon MBA Washington Update with Meghan Sullivan
September 18, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Meghan Sullivan, who discusses loss mitigation stemming from Hurricane Florence; legislation approved by the House Financial Services Committee; and the Federal Housing Finance Agency's latest proposal for a single security.

icon MBA Education Path to Diversity Scholar Profile: Hilary Pelican
September 17, 2018

Hilary Pelican is Compliance Manager for Waterstone Mortgage Corp., Pewaukee, Wis. She is a Lubar BBA-Marketing graduate from the University of Wisconsin/Milwaukee. She enjoys many hobbies, but mostly "unplugging" and exploring new places and cultures with her family.

icon MBA Premier Member Profile: Silverline
September 17, 2018

Silverline is a Salesforce Platinum Cloud Alliance Partner headquartered in New York City with experienced, innovative consultants around the world. It is focused on developing powerful solutions, deployed on the Salesforce Platform and robust third party apps.

icon Joe Welu of Total Expert on Marketing Technology
September 17, 2018

Joe Welu is Founder and CEO of Total Expert, St. Louis Park, Minn., creator of a Marketing Operating System built to meet the unique needs of the financial services industry.

icon Ben Wu of LoanScorecard on the Non-QM Market
September 17, 2018

Ben Wu is executive director of LoanScorecard, a leading provider of non-agency automated underwriting, CECL loan-loss reserve solutions and borrower point-of-sale solutions designed to meet today's regulatory challenges and capitalize on market opportunities.

icon DIMONT's Denis Brosnan on Top Disaster Recovery Issues Faced by Servicers
September 17, 2018

Denis Brosnan is President and CEO of Dallas-based DIMONT, provider of specialty insurance and loan administration services for the residential and commercial financial industries in the U.S.

icon MBA Chart of the Week: Cumulative Change in Home Prices Vs. Months' Supply of Existing Homes
September 14, 2018

As of the second quarter, aggregated home prices in the US were 16.7 percent higher than in second quarter 2007, after declining as low as 21.6 percent in early 2011. However, when adjusted for inflation using the Consumer Price Index, current home prices are still nearly 4 percent below second quarter 2007.

icon MBA Mortgage Market Update
September 13, 2018

Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Sept. 7.

icon mPower Moments: Kristin Messerli on Tapping Diverse Customer Bases
September 12, 2018

Kristin Messerli of Cultural Outreach Solutions joins mPower Founder Marcia M. Davies to talk about helping companies reach today's young and diverse customer base.

icon CMBS 2.0 Appraisal Reduction Amounts on the Rise; Losses to Follow
September 11, 2018

The rapid rise in Appraisal Reduction Amounts may be a harbinger of increased stress working its way into CMBS 2.0.

icon People in the News
September 10, 2018

The MBA Opens Doors Foundation announced two new members joined its Board of Directors: Robert D. (Bob) Broeksmit, CMB, President and CEO of MBA; and Jean Bradley, Vice President of Strategic Business Development with Essent Guaranty, Radnor, Pa.

icon Don't Poke the Regulatory Bear: Not a Realistic Option for the Blockchain and Cryptocurrency Industries
September 10, 2018

Are cryptocurrencies and blockchain businesses over-regulated or under-regulated? Many in the field already feel under attack from the host of awakening U.S. federal and state regulators. Meanwhile, some observers call for congressional action or a more comprehensive regulatory approach. That should not happen. Nothing about blockchain technology requires new federal legislation. But serious practitioners must learn to navigate existing federal regulations and stay on top of certain state-level developments.

icon MBANow: Bill Landon of George Mason Mortgage on Industry Issues
September 10, 2018

Bill Landon, CEO of George Mason Mortgage, joined MBANow to discuss the value of the MBA membership and current issues facing the industry.

icon MBA Washington Update with Alden Knowlton
September 10, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Director of Public Affairs Alden Knowlton, who discusses the anniversary of the GSEs' conservatorships; GSE reform legislation; and FHA actions in volcano-affected areas of Hawaii.

icon Ben Wu of LoanScorecard on the Non-QM Market
September 10, 2018

Ben Wu is executive director of LoanScorecard, a leading provider of non-agency automated underwriting, CECL loan-loss reserve solutions and borrower point-of-sale solutions designed to meet today's regulatory challenges and capitalize on market opportunities.

icon MBA Chart of the Week: Commercial/Multifamily Delinquency Rates Since 1996
September 7, 2018

It is hard to overstate how low commercial and multifamily mortgage delinquency rates are today.

icon MBA Mortgage Market Update
September 6, 2018

Mortgage Bankers Association Chief Economist Mike Fratantoni breaks down the MBA Weekly Applications Survey for the week ending Aug. 31.

icon Don't Poke the Regulatory Bear: Not a Realistic Option for the Blockchain and Cryptocurrency Industries
September 4, 2018

Are cryptocurrencies and blockchain businesses over-regulated or under-regulated? Many in the field already feel under attack from the host of awakening U.S. federal and state regulators. Meanwhile, some observers call for congressional action or a more comprehensive regulatory approach. That should not happen. Nothing about blockchain technology requires new federal legislation. But serious practitioners must learn to navigate existing federal regulations and stay on top of certain state-level developments.

icon MBA Premier Member Profile: Aspen Grove Solutions
September 3, 2018

When it comes to profitability, mortgage servicers balance on a knife edge: Just one poorly managed defaulted loan can wipe out the profits from as many as 12 performing loans. Aspen Grove Solutions has spent more than 20 years building and integrating technology to help ensure that does not happen.

icon Prepare for the Next Emergency: What to Do for Third-Party Risk Management Before Disaster Strikes
September 3, 2018

With hurricane season well underway, it's a good time to reflect on why it's important to prepare for natural disasters. Certainly, for those along the Eastern Seaboard, hurricane preparedness should be an annual event, but you'd be surprised at how many times I've felt like we're making it up as we go along.

icon Elizabeth Karwowski of BEMG on Lead Generation
September 3, 2018

Elizabeth Karwowski is CEO of BEMG, Ft. Lauderdale, Fla. BEMG, through its operating subsidiary Get Credit Healthy, uses a proprietary processes, platform and software to integrate with the lenders' loan origination software and customer relationship management software (to create new loan opportunities and recapture leads.

icon Slideshow: MBA Mortgage Bankers Performance Report
September 3, 2018

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $580 on each loan they originated in the second quarter, up from a reported loss of $118 per loan in the first quarter, the Mortgage Bankers Association reported.

icon MBA Chart of the Week: Percent of IMBs with Pre-Tax Net Income
August 31, 2018

This past week, MBA Research released the second quarter results of its Quarterly Mortgage Bankers Performance Report. After a weak start to the year, production profitability improved in the second quarter as volume picked up. However, production profits were down on a year-over-year basis and fell below typical second quarter results.

icon Rethinking the Concept of Home--Part 2
August 28, 2018

The principles that bound together the financial supply chain from initial homeowner interest to closing are being defined (e.g., mobility, information sharing, big data usage, machine intelligence, Facebook partnerships)--they are not a destination to be reached anytime soon.

icon People in the News
August 28, 2018

CreditXpert Inc., Baltimore, named Shesha Pancholi as director of product management and Sasha Blanton as director of user experience.

icon MBA Welcomes 12 New Members
August 28, 2018

The Mortgage Bankers Association welcomed 12 new regular members to its ranks, which currently numbers more than 2,300 member companies.

icon Ellie Mae Community Pro-Am Raises $40K for MBA Opens Doors Foundation
August 28, 2018

The Ellie Mae Community Pro-Am, held recently during the Ellie Mae Classic, raised $40,000 for its beneficiary, The MBA Opens Doors Foundation.

icon Faith Schwartz of Housing Finance System Strategies on the Real Estate Finance Landscape
August 28, 2018

Faith Schwartz is a member of FormFree's board of directors. She has played a firsthand role in shaping housing finance best practices and public policy. Principal and founder of Housing Finance System Strategies, a housing finance strategic advisory firm, she has advised public and private companies (including Accenture Credit Services), fintech firms, non-profits and trade associations.

icon Prepare for the Next Emergency: What to Do for Third-Party Risk Management Before Disaster Strikes
August 28, 2018

With hurricane season well underway, it's a good time to reflect on why it's important to prepare for natural disasters. Certainly, for those along the Eastern Seaboard, hurricane preparedness should be an annual event, but you'd be surprised at how many times I've felt like we're making it up as we go along.

icon MBANow: William Kooper on MBA Remote Online Notarization Update
August 27, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of State Government Affairs and Industry Relations William Kooper, who provides an update on an MBA initiative to enact state laws permitting remote online notarization.

icon MBA Washington Update with Erin Barry
August 27, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses Senate Banking Committee nominations; the GSEs' decision to terminate their single-family rental pilot programs; and final rules in Texas regarding remote online notarization.

icon MBANow: Bill Killmer on MBA Priorities for 2018 and Beyond
August 24, 2018

This MBANow video features MBA Senior Vice President for Legislative and Political Affairs Bill Killmer, who discusses upcooming midterm elections and MBA legislative and regulatory priorities for the rest of the year and the near future.

icon MBA Chart of the Week: Commercial/Multifamily Mortgage Banker Originations, By Property Type
August 24, 2018

Commercial and multifamily mortgage borrowing and lending have started 2018 at the second fastest pace on record, with first-half 2018 originations lower only than those of the first half of 2007. This week's chart shows origination growth for the four main categories of loans from 2009 to 2018 (year to date).

icon MBANow: CREF Corner Office Conversation with Shekar Narasimhan, CMB
August 23, 2018

This MBANow video features a CREF Corner Office conversation with Shekar Narasimhan, CMB, Managing Partner with Beekman Advisors, who discusses the latest commercial real estate finance environment.

icon MBA Mortgage Market Update
August 23, 2018

MBA Associate Vice President Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Aug. 17.

icon Faith Schwartz of Housing Finance System Strategies on the Real Estate Finance Landscape
August 21, 2018

Faith Schwartz is a member of FormFree's board of directors. She has played a firsthand role in shaping housing finance best practices and public policy. Principal and founder of Housing Finance System Strategies, a housing finance strategic advisory firm, she has advised public and private companies (including Accenture Credit Services), fintech firms, non-profits and trade associations.

icon Don't Forget the Boomers
August 20, 2018

It's no surprise that mortgage professionals invest time and money into attracting Millennials. But situated at the opposite end of the consumer lifecycle from Millennials are the Baby Boomers, and they are an attractive prospect for mortgage lenders who understand their unique needs.

icon MBA Education Path to Diversity Scholar Profile: Nabil Gadari, AMP
August 20, 2018

Nabil Gadari, AMP, is an Assistant Vice President with Mortgage Specialists International, Fort Worth, Texas. He has been in the mortgage industry for 12 years, started as an entry level order processor and came up through the ranks to his current position.

icon Strong June Bolsters First-Half CMBS Issuance
August 20, 2018

Commercial mortgage-backed securities issuance totaled $21 billion in the second quarter, bringing volume for 2018's first half to $40.4 billion--18.5 percent more than during the same period last year.

icon Seven Tips for Turbo-Charging Your Vendor Management Program
August 20, 2018

It is easy to view vendor management as a budgetary line item that can be cut in order to reduce expenses in the face of compressed margins and rising costs. However, vendor management isn't just a "nice-to-have." It is a regulatory and investor imperative.

icon Surveyors, Mortgage Bankers and Their Common Thread: The Land Title Survey
August 20, 2018

While the typical person involved in a real estate transaction might see the survey as simply a means to an end, the surveying profession necessarily sees it as much more. After all, professional surveyors are licensed in every state to protect the health safety and welfare of the public, which--when it comes to boundaries--means respecting the integrity of property boundaries and protecting the bona fide rights that they represent.

icon MBA Washington Update with Kelley Williams
August 20, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Vice President of Legislative Affairs Kelley Williams, who discusses upcoming confirmation hearings in the Senate; a Treasury report that largely mirrors MBA priorities; and a new advertising disclosures law signed in Illinois.

icon MBA Chart of the Week: Mortgage Originations 2008-2018
August 17, 2018

This week's chart highlights the MBA mortgage originations forecast through 2020.

icon MBA Mortgage Market Update
August 15, 2018

Mortgage Bankers Association Vice President of Industry Analysis Marina Walsh breaks down the MBA Weekly Applications Survey for the week ending Aug. 10.

icon MBANow: MBA Vice President Rick Hill on Future of Mobile Transactions
August 15, 2018

MBA Vice President of Industry Technology and MISMO Executive Vice President Rick Hill discusses the future of mobile transactions in the mortgage industry and what to expect on the technology front at the upcoming MBA Annual Convention & Expo.

icon Kevin Brungardt of RoundPoint Mortgage Servicing Corp. on the Servicing Landscape
August 14, 2018

Kevin Brungardt is Chairman and CEO of RoundPoint Mortgage Servicing Corp., Charlotte, N.C. He has more than 23 years of broad executive leadership experience.

icon Rethinking the Concept of Home--Part 1
August 14, 2018

With the Baby Boomers heading into the sunset, are bankers and their organizations ready for a new Haight-Ashbury counterculture movement that will shape their businesses for the next 50 years? Innovation wouldn't save profitability if there is a failure to address foundational shifts.

icon Ken Richey of Richey May & Co. on Industry Mergers & Acquisition Outlook
August 14, 2018

Ken Richey founded Richey May & Co., Englewood, Colo., in 1985 and currently leads the firm's mergers & acquisitions services for the mortgage banking industry. He recently transitioned from the role of managing partner, where his primary responsibilities included leading firm growth and supporting the firm's partners in their leadership, management and technical problem-solving efforts.

icon Surveyors, Mortgage Bankers and Their Common Thread: The Land Title Survey
August 13, 2018

While the typical person involved in a real estate transaction might see the survey as simply a means to an end, the surveying profession necessarily sees it as much more. After all, professional surveyors are licensed in every state to protect the health safety and welfare of the public, which--when it comes to boundaries--means respecting the integrity of property boundaries and protecting the bona fide rights that they represent.

icon MBA Chart of the Week: Unemployment by Educational Attainment
August 10, 2018

Our chart this week features unemployment rates by educational attainment, as of the Bureau of Labor Statistics' July Employment Situation report.

icon MBANow: MBA Chief Economist Mike Fratantoni on Mortgage Industry Outlook
August 9, 2018

MBA Chief Economist Mike Fratantoni discusses rising interest rates and the lack of housing inventory whilst giving us his outlook for the mortgage industry thru 2018.

icon mPower Moments: Christine Beckwith on Personal Safety
August 8, 2018

Christine Beckwith, co-author with Jessica Peterson of Clear Boundaries, Every Business Woman's Essential Safety Guide, talks with MBA COO Marcia Davies about what women can do to protect themselves when they find themselves in a potentially dangerous situation.

icon MBA Mortgage Market Update
August 8, 2018

Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Aug. 3.

icon Takeaways for the New Secondary Mortgage Market
August 7, 2018

This past May, the industry came together in New York City for the Mortgage Bankers Association's National Secondary Market Conference & Expo. Some key takeaways will give you a quick update of what's happening in the mortgage world.

icon MBA Diversity & Inclusion Interview: Nicholas Whiteside of Fisk University
August 7, 2018

Nearly a year ago, the Mortgage Bankers Association collaborated with HomeFree-USA, Wells Fargo and Freddie Mac to create The Center for Financial Advancement, focusing on career opportunities and financial education at Historically Black Colleges and Universities. This summer, Nicholas Whiteside, a sophomore accounting major at Fisk University in Nashville, Tenn., became the first student to serve an internship through the program--right here at MBA.

icon Just When We Got the Hang of It, QM Might Be Changing
August 7, 2018

It took the better part of four years, but our industry seems to have finally come to grips with the Qualified Mortgage rule and, more recently, what it takes to originate and securitize non-QM loans. But, as they said in a certain summer blockbuster movie, "just when you thought it was safe to go back in the water," the Bureau of Consumer Financial Protection may be considering "making waves" about QM.

icon Despite High Frequency of ‘Fool's Gold,' the Digital Mortgage Gold Rush Is On
August 7, 2018

The problem is that most lenders haven't yet implemented full digital mortgage technology. Those who think otherwise have been sold "fool's gold." Our industry has been hoodwinked into believing that by offering a digital loan application--and perhaps even enabling loan officers to co-browse with borrowers to help them fill out form fields--we are "digital mortgage ready."

icon People in the News
August 7, 2018

LRES Corp., Orange, Calif., promoted Jill Haro to senior vice president of corporate administration.

icon The Closing Table is No Place to Beta Test Technology
August 7, 2018

Last August, the CEO of the nation's top wholesale lender made a bold prediction: by the end of 2019, he said, a majority of home closings will be done online. As a provider of eClosing services, you'd think I would welcome that kind of unbridled enthusiasm with open arms. In truth, my response is a bit more circumspect.

icon Despite High Frequency of ‘Fool's Gold,' the Digital Mortgage Gold Rush Is On
August 7, 2018

The problem is that most lenders haven't yet implemented full digital mortgage technology. Those who think otherwise have been sold "fool's gold." Our industry has been hoodwinked into believing that by offering a digital loan application--and perhaps even enabling loan officers to co-browse with borrowers to help them fill out form fields--we are "digital mortgage ready."

icon MBA Washington Update with Bill Killmer
August 6, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, who discusses passage in Congress of a four-month extension of the National Flood Insurance Program; an omnibus appropriations package passed by the Senate; and the final state to pass the Uniform State Test for mortgage loan originators.

icon MBA Chart of the Week: Yearly Changes in Purchase Applications
August 3, 2018

This week's chart shows data from the MBA State Mortgage Activity Report that captures the year over year change in the number of home purchase applications for the U.S. and three large states.

icon MBA Mortgage Applications Update
August 2, 2018

Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending July 27.

icon MBANow: MBA SVP Bill Killmer on Midterm Elections, Policy Priorities
August 2, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, who discusses the current atmosphere in Washington, the upcoming midterm elections and MBA policy priorities.

icon MBA Washington Update with Erin Barry
August 1, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses Michael Bright's nomination as Ginnie Mae president; recently passed extension of the National Flood Insurance Program; and the Federal Housing Finance Agency's decision to end its credit scoring initiative.

icon Gerardo Caceres of ClosingCorp on Industry Standardization
July 31, 2018

Gerardo Caceres is Senior Vice President of Data Operations & Product Management with ClosingCorp, San Diego. He is responsible for determining the overall strategic direction and tactical execution for all products and further enhancing the company's data and information management strategy.

icon Choice-Based Pricing: What is Your Customer Willing to Pay?
July 31, 2018

Two market trends are leading banks to move beyond risk-based pricing to more profitable lending that factors in how consumers shop for loans and react to price. Amid the current shift in the residential lending market from the refi focus of recent years to more purchase activity, there's something else going on. We're seeing two emerging trends gaining steam from the shift but likely to outlast it as permanent market transformations.

icon The Closing Table is No Place to Beta Test Technology
July 31, 2018

Last August, the CEO of the nation's top wholesale lender made a bold prediction: by the end of 2019, he said, a majority of home closings will be done online. As a provider of eClosing services, you'd think I would welcome that kind of unbridled enthusiasm with open arms. In truth, my response is a bit more circumspect.

icon Regional, Local Banks Eat More of the Commercial Mortgage Pie: When is Enough?
July 30, 2018

The post-financial crisis expansion has been a heady time for banks in commercial real estate. Commercial mortgages are rising as a share of banks' overall business. Commercial and multifamily loans represented 10.3 percent of bank assets as of year-end 2017, up from 9.0 percent in 2012. They represented 18.5 percent of total bank loan books in 2017, up from 17.0 percent in 2012.

icon MBA Chart of the Week: Commercial/Multifamily Mortgages Intermediated to 'Non-Traditional' Lenders
July 27, 2018

The role of "non-traditional" lenders in commercial real estate finance increased significantly in 2017, but there is far more discussion about this than there is actual data.

icon MBA Mortgage Applications Update
July 26, 2018

Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending July 20.

icon MBANow: MBA Chief Economist Mike Fratantoni on RIHA Parking Study
July 24, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Chief Economist Mike Fratantoni, who discusses the recently released Research Institute for Housing America study on parking--and its correlation to housing--in five American cities.

icon People in the News
July 24, 2018

LBA Ware, Macon, Ga., hired Jessica Henke as a solutions consultant to support the company's implementation consulting and client efforts.

icon MBA Education Path to Diversity Scholar Profile: James McGee
July 24, 2018

James McGee, Senior Compliance Officer with Colonial Savings F.A., Fort Worth, Texas, works closely with the bank's business partners, providing insight into regulatory and legal requirements impacting their daily activities and ensuring adequate controls are in place to mitigate compliance risks.

icon Why Off-the-Shelf Research Should Stay On the Shelf
July 24, 2018

As the importance of marketing has accelerated for traditional retail banks in the highly competitive digital era, why would anyone make do with any old generic market research?

icon MBANow: Michael Kuentz of Lenders One on Current State of the Industry
July 24, 2018

The Mortgage Bankers Association released a new MBANow video featuring Michael Kuentz, CEO of Lenders One, St. Louis, who discusses the current state of the industry with MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills.

icon Choice-Based Pricing: What is Your Customer Willing to Pay?
July 24, 2018

Two market trends are leading banks to move beyond risk-based pricing to more profitable lending that factors in how consumers shop for loans and react to price. Amid the current shift in the residential lending market from the refi focus of recent years to more purchase activity, there's something else going on. We're seeing two emerging trends gaining steam from the shift but likely to outlast it as permanent market transformations.

icon A Roundtable Discussion: Housing Market Dynamics
July 24, 2018

MBA Insights recently held a roundtable discussion with several industry executives for their perspectives on the housing market, mortgage technology and the future of real estate finance. Participants included Amy Crews Cutts of Equifax; Jorge Ponce of FirstClose; Joe Melendez of ValueInsured; Jeff McGuiness of Embrace Home Loans; and Matt Johner of BankLabs.

icon MBA Washington Update:
July 24, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Director of Political Affairs Alden Knowlton, who disusses last week's confirmation hearing for Consumer Financial Protection Bureau Director nominee Kathleen Kraninger; an appropriations bill in the House (with MBA support); and the Mortgage Action Alliance's Call to Action to members on flood insurance legislation.

icon MBANow: Wes Horbatuck of Compass Analytics on Networking, mPact
July 24, 2018

The Mortgage Bankers Association released a new MBANow video featuring Wes Horbatuck, Business Services Manager with Compass Analytics LLC, Encinitas Calif., who discusses mPact, MBA's network for young professionals in the real estate finance industry, and the value of engaging through MBA.

icon MBA Chart of the Week: Consumer Direct Channel, Net Production Income
July 20, 2018

Production revenues, expenses, personnel and other metrics are divided into four major production channels in the MBA and STRATMOR Peer Group Roundtables data: Retail, Consumer Direct, Broker Wholesale and Correspondent. For this week's chart, we focus on the trending of net production income for the Consumer Direct channel.

icon MBA Mortgage Applications Update
July 19, 2018

Mortgage Bankers Association Chief Economist Mike Fratantoni breaks down the MBA Weekly Applications Survey for the week ending July 13.

icon MBANow: Pete Mills on Residential Policy Issues
July 18, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills, who discusses single-family residential policy issues under debate in Washington.

icon Three Things Commercial Servicers Are Telling Us
July 16, 2018

The Mortgage Bankers Association's annual Commercial Mortgage Servicing & Technology Conference has become an important venue for more industry participants over the past few years. As our executives moved through the venue, meeting with commercial mortgage servicers from around the country, three primary themes emerged. We share them with you here.

icon To Protect Market Share and Better Serve Borrowers, Offer a Wider Range of Loan Products
July 16, 2018

With margins compressing, lenders who want to protect their market share must seek new ways to add value for borrowers--or face the possibility of losing clients to rivals who are equally focused on "land grab."

icon Tom Cronkright of CertifID Talks Fraud
July 16, 2018

MBA Insights posed questions to Thomas W. Cronkright II, CEO of CertifID, Grand Rapids, Mich., a software company focused on preventing wire fraud in the real estate, lending and title industries. He is also a founding member of Sun Title Agency, Grand Rapids, and serves as its CEO. He is an attorney admitted to practice in Michigan and holds a real estate broker's license. More about CertifID can be found at www.certifid.com.

icon A Roundtable Discussion: Housing Market Dynamics
July 16, 2018

MBA Insights recently held a roundtable discussion with several industry executives for their perspectives on the housing market, mortgage technology and the future of real estate finance. Participants included Amy Crews Cutts of Equifax; Jorge Ponce of FirstClose; Joe Melendez of ValueInsured; Jeff McGuiness of Embrace Home Loans; and Matt Johner of BankLabs.

icon MBA Washington Update: MBA Meets with Bureau; Flood Insurance; Mnuchin Testimony
July 16, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Kelley Williams, who discusses MBA's meeting with the Bureau of Consumer Financial Protection; an MBA/trade group letter to Capitol Hill on flood insurance; and Treasury Secretary Steven Mnuchin's testimony before the House Financial Services Committee.

icon Slideshow: ARMCO Mortgage Quality Control Industry Trends Report
July 16, 2018

The ARMCO Mortgage Quality Control Industry Trends Report represents a nationwide post-closing quality control analysis using data and findings derived from mortgage lenders utilizing the ACES Analytics benchmarking software.

icon MBA Chart of the Week: 2017 Independent Mortgage Bank Profit by Geographic Region
July 13, 2018

The MBA Annual Performance Report released earlier this year contained 2017 data from nearly 250 independent mortgage banks and mortgage subsidiaries of chartered banks. This total sample of companies earned an average pre-tax production profit of 31 basis points on each loan they originated in 2017.

icon MBANow: Mark Fisher of StanCorp Mortgage on Commercial Real Estate Ecosystem
July 11, 2018

The Mortgage Bankers Association released a new MBANow video featuring Mark Fisher, Vice President and Managing Director at StanCorp Mortgage Investors, who discusses the commercial real estate finance ecosystem and MBA engagement/advocacy.

icon MBA Mortgage Applications Update
July 11, 2018

Mortgage Bankers Association Associate Vice President Rob VanRaaphorst breaks down the MBA Weekly Applications Survey for the week ending July 6.

icon To Protect Market Share and Better Serve Borrowers, Offer a Wider Range of Loan Products
July 10, 2018

With margins compressing, lenders who want to protect their market share must seek new ways to add value for borrowers--or face the possibility of losing clients to rivals who are equally focused on "land grab."

icon mPower Moments: MBA VP Gene Neill on Managing Conflict
July 10, 2018

The Mortgage Bankers Association released a new mPower Moments video featuring MBA Vice President of Human Resources Gene Neill, who discusses managing conflict with MBA COO and mPower Founder Marcia M. Davies.

icon Joe Wilson of SimpleNexus on Referral Relationships
July 10, 2018

Joe Wilson is Chief Marketing Officer with SimpleNexus, Lehi, Utah, a digital mortgage services provider serving 15 of the top 25 retail mortgage lenders in the US. It serves more than 180 enterprise mortgage companies and more than 17,000 loan officers nationwide.

icon People in the News
July 10, 2018

The Mortgage Bankers Association named Holly Cannon as Vice President for Human Resources.

icon MBA Education Path to Diversity Scholar Profile: Ashley Brown
July 10, 2018

Ashley Brown is a Loss Mitigation Quality Assurance Specialist III with RoundPoint Mortgage Servicing, Charlotte, N.C. She earned her Bachelors of Science in biology degree from Francis Marion University in Florence, S.C., and recently earned her Masters of Business Administration with a concentration in Project Management from Strayer University. She enjoys reading novels, listening to podcasts and music and traveling. Most importantly, she says, "what I enjoy the most is being the mother of 13-year-old son, Travis."

icon Pause Between New Regs Makes Now the Time to Develop a Digital Strategy
July 10, 2018

"Reg relief" is the buzzword around the mortgage industry these days. Even with TRID 2.0 and the new 1003 application on the horizon, most seem to be breathing a sigh of relief at the thought of a slower pace for new industry regulations. Now that the industry is pausing to catch its collective breath, the time may also be right for lenders to sit down and plot out their long-term digital mortgage strategy.

icon MBA Recognizes Premier, Select Members
July 10, 2018

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

icon MBA Chart of the Week: Refinance Index and 30-Year Fixed Rates
July 6, 2018

MBA's Weekly Applications Survey refinance index averaged 1,013 in June, the lowest monthly average since December 2000. The weekly index value dropped below 1,000 in three of the past six weeks, a level that it has not gone below since December 2000 as well.

icon MBANow: Eddy Perez, CMB on Transitional Licensing, MBA Advocacy
July 5, 2018

The Mortgage Bankers Association released a new MBANow video featuring Eddy Perez, CMB, a member of the MBA Board of Directors, who discusses the impact of MBA advocacy on his business and the benefits of earning the MBA Education Certified Mortgage Banker designation.

icon Why You Can't Ask Just One Question to Gauge Customer Loyalty
July 3, 2018

You don't get the right answers if you're asking the wrong questions. It's an even bigger problem when you're only asking one question.

icon Gagan Sharma of BSI Financial Services on Future of Mortgage Servicing
July 3, 2018

Gagan Sharma is President CEO of BSI Financial Services, Irving, Texas, which specializes in loan subservicing and special servicing, loan quality control, REO/asset management and loan loss mitigation services.

icon Multifamily Pipeline Creates Near-Term Risks
July 3, 2018

Yardi Matrix recently studied demand and supply trends in the top 30 U.S. metros by population over the next five years to determine which markets might be at risk of oversupply--and conversely which might need new units. Here's what we found.

icon Opportunities and Challenges in In-House Servicing
July 3, 2018

Although the mortgage industry has been abuzz with recent reports of rising costs of servicing, many servicers continue to prove that maintaining servicing in-house can be a lucrative business.

icon Pause Between New Regs Makes Now the Time to Develop a Digital Strategy
July 3, 2018

"Reg relief" is the buzzword around the mortgage industry these days. Even with TRID 2.0 and the new 1003 application on the horizon, most seem to be breathing a sigh of relief at the thought of a slower pace for new industry regulations. Now that the industry is pausing to catch its collective breath, the time may also be right for lenders to sit down and plot out their long-term digital mortgage strategy.

icon MBA Washington Update: Carson Testifies; Davis Nominated as HUD IG; GSE UCD Changes
July 2, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Meghan Sullivan, who discusses HUD Secretary Ben Carson's testimony before a House committee; the nomination of Rae Oliver Davis as HUD Inspector General; and revised GSE UCD reporting requirements.

icon MBANow: William Kooper on Working with State & Local Associations
July 2, 2018

The Mortgage Bankers Association released a new MBANow video featuring William Kooper, MBAVice President of State Government Affairs and Industry Relations, who discusses the importance of working relationships and advocacy with state and local associations.

icon MBA Chart of the Week: Q1 Changes in Commercial/Multifamily Mortgage Debt Outstanding
June 29, 2018

During the first three months of 2018, commercial and multifamily mortgage debt outstanding (shown by the red line in the chart) increased more than during any other first quarter since before the Great Recession.

icon MBANow: Thomas Healy, CMB, on Upgrades to MBA Education School of Mortgage Banking III
June 27, 2018

The Mortgage Bankers Association released a new MBANow video featuring Thomas Healy, CMB, who talks about recent upgrades to the popular MBA Education School of Mortgage Banking Course III.

icon MBANow: Tony Thompson, CMB on Transitional Licensing, MBA Advocacy
June 27, 2018

The Mortgage Bankers Association released a new MBANow video featuring J. Tony Thompson, CMB, on transitional licensing and its potential impact on independent mortgage banks, and the value of MBA membership.

icon MBA Education Path to Diversity Scholar Profile: Kevin Ramirez, AMP
June 26, 2018

Kevin Ramirez, AMP, is Director of Training with New American Funding, Tustin, Calif. He has been in the mortgage industry nearly 20 years and has been training mortgage sales professionals for nearly 10 years.

icon What Makes us ‘#IndustryStrong?'
June 26, 2018

Can a horse, talking or otherwise, give us an example of how and what we need to do in preparation for a summer of changes and a reassessment of our products and services? Because an increasing number of industry lights are flashing yellow.

icon TRID FAQs: How to Deal with Most Common Concerns about Upcoming Regulatory Update
June 26, 2018

The Consumer Financial Protection Bureau continues to publish additional amendments and clarifications in an attempt to address much of the industry's confusion about unique situations requiring disclosures. The main issue the industry struggles with is that the ruling, despite its staggering length, cannot possibly address all of the different scenarios that lenders continue to encounter.

icon People in the News
June 26, 2018

News about Sharon Reichardt; Mari Jo Massanet; Thomas Klump; Kyle Kamrooz; David Loeser.

icon MBA Washington Update: GSE Reform; Ginnie 2020
June 26, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Meghan Sullivan, who discusses the recent White House proposal on GSE reform; Kathy Kraninger's nomination as director of the Consumer Financial Protection Bureau; and release of Ginnie 2020, the new strategic plan from Ginnie Mae. .

icon Opportunities and Challenges in In-House Servicing
June 26, 2018

Although the mortgage industry has been abuzz with recent reports of rising costs of servicing, many servicers continue to prove that maintaining servicing in-house can be a lucrative business.

icon MBA Chart of the Week: Average Servicing Costs Per Loan
June 22, 2018

Fully loaded servicing costs for single-family loans dropped in 2017 for the second consecutive year to $234 per loan, according to the latest MBA Servicing Operations Study.

icon MBANow:
June 21, 2018

The Mortgage Bankers Association released a new MBANow video featuring 

icon MBA Announces Path to Diversity Scholarship Winners
June 19, 2018

The Mortgage Bankers Association announced 86 individual employees from 35 different MBA member companies have been awarded the Path to Diversity scholarship in the first seven months of the fiscal year.

icon TRID FAQs: How to Deal with Most Common Concerns about Upcoming Regulatory Update
June 19, 2018

The Consumer Financial Protection Bureau continues to publish additional amendments and clarifications in an attempt to address much of the industry's confusion about unique situations requiring disclosures. The main issue the industry struggles with is that the ruling, despite its staggering length, cannot possibly address all of the different scenarios that lenders continue to encounter.

icon Slideshow: MBA Mortgage Bankers Performance Report
June 18, 2018

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $118 on each loan they originated in the first quarter, down from a reported gain of $237 per loan in the fourth quarter of 2017, the Mortgage Bankers Association reported.

icon MBA Secondary Market Conference Survey Scorecard
June 18, 2018

This is the 20th time since 2008 that this survey of senior mortgage banking executives has been conducted and distributed. It is completed twice annually, at the MBA Annual Convention in October and at the MBA National Secondary Market Conference each May. The survey's attention is focused on eight topics: production, costs & profits, mortgage servicing rights, Fannie Mae & Freddie Mac, technology, regulations and risk.

icon Are You Prepared for LO Training Success?
June 18, 2018

A solid brand, a network of branches and a strong ambition to grow loan production: a lot of factors seem aligned for your firm to have long-term success. But you also foresee potential obstacles, and one that has really caught your attention lately is your sales force. They're not getting any younger, and you're starting to wonder where you'll find new blood to meet those growth ambitions.

icon CMBS: Defeasance May Still Be a Good Play
June 18, 2018

As commercial real estate prices and interest rates go, so goes defeasance--paying a commercial mortgage-backed securities loan off early by substituting government-backed securities such as Treasury notes for the loan's real estate collateral.

icon MBA Washington Update: Erin Barry on GUIDE Act, New FHFA Rules
June 18, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses recent activity on Capitol Hill and at the Federal Housing Finance Agency.

icon MBA Chart of the Week: Share of New Home Purchase Applications
June 15, 2018

The Mortgage Bankers Association's Builder Applications Survey tracks applications received by lenders affiliated with, or who work in cooperation with, home builders on new single family properties. The chart shows the share of new home applications for the month of May, by loan size category, for the past six years.

icon mPower Moments: Leadership Tips with Susan T. Stewart of SWBC Mortgage
June 14, 2018

In this new video, MBA Chief Operating Officer and mPower Founder Marcia M. Davies talks with Susan T. Stewart, CEO of SWBC Mortgage, San Antonio, Texas, who was nominated this week to serve as MBA Vice Chair for the 2019 fiscal year.

icon Conversation with Denis Brosnan of DIMONT: Reducing Costs for Mortgage Servicers
June 12, 2018

MBA Insights recently spoke with Denis Brosnan, President and CEO with DIMONT, Dallas. Brosnan joined DIMONT in 2015; previously he practiced law, ran a consulting firm and was head of Promise Solutions, an outsourcing firm.

icon Mandatory Use of HUD's CNA E-Tool Is Here: Now What?
June 12, 2018

HUD mandates use of its Capital Needs Assessment e-Tool for FHA multifamily mortgage insurance applications, Rental Assistance Demonstration conversions, 10-year capital needs assessment update for FHA-insured multifamily properties and other asset management milestones. But many lenders, investors and consultants have expressed concern regarding technical inefficiencies with the e-Tool itself, as well as operational hurdles it creates.

icon Q/A with Joe Melendez of ValueInsured
June 12, 2018

Joe Melendez is co-founder and CEO of ValueInsured, Dallas, a provider of down payment protection services. H has more than 30 years of industry experience. His background includes work in investment banking, real estate development and insurance. Prior to forming ValueInsured, Joe spent a decade developing residential properties.

icon People in the News
June 12, 2018

The Mortgage Bankers Association announced Robert Broeksmit, CMB, who previously served the association in several volunteer leadership capacities, will become its next President and CEO. He will succeed David H. Stevens, CMB, who announced his impending retirement this past October. Broeksmit will assume duties Aug. 20.

icon When Servicing Loans, Keep the Focus on the Borrower Experience
June 12, 2018

It's clear from the Mortgage Bankers Association's recent Servicing conference that the industry is continuing to place laser-like focus on improving and controlling the borrower experience when servicing loans. Great strides have been made towards this end, but it's a mindset that needs to be at the core of every decision point along the way.

icon MBA Secondary Market Conference Survey Scorecard
June 12, 2018

This is the 20th time since 2008 that this survey of senior mortgage banking executives has been conducted and distributed. It is completed twice annually, at the MBA Annual Convention in October and at the MBA National Secondary Market Conference each May. The survey's attention is focused on eight topics: production, costs & profits, mortgage servicing rights, Fannie Mae & Freddie Mac, technology, regulations and risk.

icon MBA Washington Update: Alden Knowlton on Recent Capitol Hill Activity
June 12, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Director of Public Affairs Alden Knowlton, who reports on key developments from the past week.

icon MBA Chart of the Week: IMB Production Profit & Volume
June 8, 2018

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production losses of 8 basis points (a loss of $118 on each loan they originated) in the first quarter, down from 9 basis points ($237 per loan) in the fourth quarter, according to the MBA Quarterly Mortgage Bankers Performance Report.

icon Innovation: It's Not Just for Start-Ups Anymore
June 5, 2018

Necessity, it has been observed, is the Mother of Invention, and that remains true in the age of residential real estate finance digital reinvention, where the need for vastly improved efficiency and accuracy is driving innovation in a decidedly pragmatic direction. Customers increasingly expect securing a mortgage to be as easy as online banking while the demands of regulatory compliance are pushing the process in the opposite direction. Disruptive technologies like crypto currencies, blockchain, customer data analytics and artificial intelligence create both great potential and unnerving uncertainty.

icon Slideshow: Housing Supply and Home Prices
June 5, 2018

Low housing inventory remains a challenge, but single-family housing starts are slowly picking up, the Mortgage Bankers Association said.

icon People in the News
June 5, 2018

LoanScorecard, Irvine, Calif., hired Raj Parekh as digital mortgage strategist, responsible for development and delivery of digital mortgage services to clients.

icon CFPB Fills in the Dreaded ‘Black Hole'
June 5, 2018

After several years of uncertainty, the Consumer Finance Protection Bureau closed the infamous TRID "black hole" once and for all. Now lenders know what they can and can't do when, through no fault of their own, they are faced with last minute cost increases for items disclosed on an initial Closing Disclosure.

icon Q&A with Tim Meyer, Senior Vice President of Field Services with Altisource
June 5, 2018

Tim Meyer is Senior Vice President of Field Services with Altisource.

icon MBA Washington Update: Kelley Williams Talks Ginnie Mae Sanctions, UDAAP Matrix
June 5, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Kelley Williams, who reports on key developments from the past week.

icon Securitizing the Digital Mortgage
June 5, 2018

NEW YORK--Residential lending is increasingly going digital to shorten timelines, improve quality and provide a better consumer experience. eNotes, electronic and remote notarization, electronic disclosures; increased use of data from trusted sources; warehouse lines and other digital improvements create new markets for secondary market execution. "So much is changing with the mortgage process," said Rick Hill, MBA Vice President of Industry Technology.

icon When Servicing Loans, Keep the Focus on the Borrower Experience
June 5, 2018

It's clear from the Mortgage Bankers Association's recent Servicing conference that the industry is continuing to place laser-like focus on improving and controlling the borrower experience when servicing loans. Great strides have been made towards this end, but it's a mindset that needs to be at the core of every decision point along the way.

icon MBA Chart of the Week: 2017 Retail Production Expenses
June 1, 2018

The 20th spring cycle of the MBA/STRATMOR Peer Group Roundtables recently concluded. With 105 banks and independent mortgage companies participating in the survey collection, the PGR produces a rich dataset particularly for the retail production channel.

icon MBANow: Fowler Williams, CMB
May 31, 2018

The Mortgage Bankers Association released a new MBANow video featuring Fowler Williams, CMB, President and CEO of Crescent Mortgage Co., Atlanta, on the benefits of MBA membership, the power of the CMB designation and the impact of MBA's recent advocacy wins.

icon MBA Mortgage Applications Update
May 30, 2018

Mortgage Bankers Association Associate Vice President Joel Kan breaks down the MBA Weekly Applications Survey for the week ending May 25.

icon The Big Apple Sees Slowing Rents
May 29, 2018

For a city that never sleeps, it appears that Manhattan has awakened to a softening in commercial real estate market conditions.

icon Q/A with Joe Langner of Blue Sage
May 29, 2018

Joe Langner is CEO of Blue Sage, Laguna Beach, Calif., developers of a browser-based, end-to-end digital lending platform. He is a mortgage technology veteran with more than 25 years of executive experience in the financial services and software industries, and former chief operations officer at Ellie Mae.

icon 3 Ways Customer Satisfaction Differs From Customer Loyalty
May 29, 2018

The financial services industry makes extensive use of programs that measure satisfaction and loyalty. To many, the two terms are interchangeable. After all, it stands to reason that a satisfied customer will stay put, and isn't that the definition of loyalty? No, it isn't.

icon MBA Recognizes Premier, Select Associate Members
May 29, 2018

MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry. These members provide a variety of valuable products and services, including legal, insurance, technology, consulting, communications and more that help to grow your bottom line.

icon Securitizing the Digital Mortgage
May 29, 2018

NEW YORK--Residential lending is increasingly going digital to shorten timelines, improve quality and provide a better consumer experience. eNotes, electronic and remote notarization, electronic disclosures; increased use of data from trusted sources; warehouse lines and other digital improvements create new markets for secondary market execution. "So much is changing with the mortgage process," said Rick Hill, MBA Vice President of Industry Technology.

icon 30 Years of DUS: Fannie Mae's Jeff Hayward on Risk-Sharing and Market Innovations
May 29, 2018

This year marks Fannie Mae's 80th year, and the 30th anniversary of the company's Delegated Underwriting and Servicing (DUS) lender network, the only multifamily risk-sharing model in the country. MBA Insights posed questions to Jeff Hayward, head of Fannie Mae's Multifamily business, for an update on DUS and the business.

icon MBA Washington Update: Dan Grattan Talks Reg Relief, FHA, FHFA
May 29, 2018

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Dan Grattan, who reports on three key developments from the past week.

icon MBA Chart of the Week: GSE Multifamily Activity
May 24, 2018

The Mortgage Bankers Association's commercial/multifamily mortgage bankers origination index reported an 8 percent increase in the dollar volume of loans closed for Fannie Mae and Freddie Mac between Q1 2017 and Q1 2018. According to the GSEs' 10-Qs, their multifamily business activity declined 19 percent over that period.

icon Q&A with JT Gaietto of Richey May
May 21, 2018

John-Thomas "JT" Gaietto is Executive Director of Cybersecurity Services with Richey May & Co., Englewood, Colo., an accounting and advisory firm serving the financial services and real estate industries.

icon Slideshow: MBA Annual Mortgage Bankers Performance Report
May 21, 2018

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, the Mortgage Bankers Association reported in its Annual Mortgage Bankers Performance Report.

icon People in the News
May 21, 2018

Freddie Mac, McLean, Va., appointed John Krenitsky as senior vice president and chief compliance officer. He will transition effective June 1, following the retirement of current CCO Carol Wambeke and will oversee and manage Freddie Mac's compliance with legal and regulatory requirements and related controls that govern the company's business activities.