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Saturday, December 07, 2019

MBA Insights Archive

icon Sandeep Hinduja of Wipro Gallagher Solutions on Trends in Digital Mortgage Originations
September 16, 2019

Sandeep Hinduja is Head of Sales with Wipro Gallagher Solutions, a Wipro Limited company offering technology products and services for retail, wholesale, correspondent and consumer lenders.

icon MBA Education Path to Diversity Scholar Profile: Efe Aghimien, AMP
September 16, 2019

Efe Aghimien, AMP, is Chief Financial Officer of SWBC Mortgage Corp., San Antonio, Texas. He joined SWBC in 2017 and is responsible for overseeing strategic financial initiatives, day-to-day financial activities, planning and reporting.

icon People in the News
September 16, 2019

Zillow Group, Seattle, appointed Rian Furey, CMB, as President of Zillow Home Loans. In addition, he will oversee Zillow Group's Mortgage portfolio, which includes Marketplace and Mortech.

icon The Future of Lending: Technology as a Force Multiplier
September 16, 2019

Technology trends may ebb and flow, but separating hype from achievable return on investment is a constant regardless of the application, functional area and industry. Nowhere is this more apparent than in the mortgage lending space, where artificial Intelligence, powered by natural language processing and machine learning are solving critical business challenges and delivering ROI to early adopters.

icon MBA Chart of the Week: Commercial/Multifamily Originations Forecast
September 13, 2019

The Mortgage Bankers Association forecasts commercial and multifamily mortgage bankers will close a record $652 billion of loans backed by income-producing properties this year, 14 percent higher than last year's record volume ($574 billion).

icon mPower Moments: Renee Schultz of Fannie Mae on Opportunities in Capital Markets
September 10, 2019

In this episode of mPower Moments, mPower Founder Marcia M. Davies talks with Renee Schultz, Senior Vice President of Capital Markets with Fannie Mae, about making bold career moves, career opportunities for women in capital markets and the importance of having a diverse team.

icon MBA Education Path to Diversity Scholar Profile: Alvin Shah
September 9, 2019

Alvin Shah is Managing Partner with First Option Mortgage, Atlanta.

icon What to Make of the Multifamily Market
September 9, 2019

For lenders looking to expand and diversify their CRE loan portfolio, the current state of the market and the level of complexity for funding in various niche sectors must be considered. Evaluation of these factors today will notably point to multifamily lending as a smart move.

icon The Future of Lending: Technology as a Force Multiplier
September 9, 2019

Technology trends may ebb and flow, but separating hype from achievable return on investment is a constant regardless of the application, functional area and industry. Nowhere is this more apparent than in the mortgage lending space, where artificial Intelligence, powered by natural language processing and machine learning are solving critical business challenges and delivering ROI to early adopters.

icon People in the News
September 9, 2019

The Mortgage Bankers Association appointed Kelli Burke as Vice President of Commercial Real Estate Finance. Her responsibilities will include leading MBA's CREF member engagement activities across the various sectors within the industry, creating content development for MBA's CREF-related conferences and convened meetings and developing best practices and business intelligence tools for members.

icon The 4 Rs of Choosing a QC Vendor
September 9, 2019

There are only a handful of reasons why lenders go looking for a new quality control vendor--either they have undergone a bad audit, they are unhappy with their current provider or they've decided to no longer conduct QC in-house. Whatever the reason, choosing a QC vendor can be a process fraught with uncertainty, as this entity provides a mission-critical function for any mortgage company.

icon New Technology Will Drive Modernization of the Appraisal Industry
September 9, 2019

In late August, the Wall Street Journal predicted robots and data may soon dominate the home appraisal industry. It highlighted the fact that regulations around the appraisal are loosening, which is opening up a door for new valuation technologies to enter the appraisal space.

icon MBA Washington Report
September 9, 2019

In this week's Washington Report, MBA Associate Vice President of Legislative and Political Affairs Tallman Johnson discusses developments on Capitol Hill and in Washington, D.C.

icon MBA Chart of the Week: Vintage Year HELOC Utilization Rates
September 6, 2019

Home equity loan debt outstanding and borrower utilization rates declined in 2018, according to MBA's newly released Home Equity Lending Study on lending and servicing of open-ended home equity lines of credit and closed-end home equity loans.

icon MBA Mortgage Market Update
September 4, 2019

MBA Associate Vice President of Economic and Industry Forecasting Joe Kan breaks down the MBA Weekly Applications Survey for the week ending Aug. 30.

icon What to Make of the Multifamily Market
September 3, 2019

For lenders looking to expand and diversify their CRE loan portfolio, the current state of the market and the level of complexity for funding in various niche sectors must be considered. Evaluation of these factors today will notably point to multifamily lending as a smart move.

icon People in the News
September 3, 2019

Alicia Roundy, Associate Vice President of Digital Marketing Strategies with the Mortgage Bankers Association, has been named a HousingWire 2019 Insider.

icon MBANow: MBA AVP Alden Knowlton Provides Mortgage Action Alliance Update
September 3, 2019

MBA Associate Vice President of Political Affairs Alden Knowlton joins MBANow's Rob Van Raaphorst to discuss what's new with the Mortgage Action Alliance, MBA's grassroots advocacy arm.

icon MBA Education Path to Diversity Scholar Profile: Aaron Arechiga
September 2, 2019

Aaron Arechiga is a certified Project Manager with New American Funding, Tustin, Calif., specializing in Information Technology and Business Strategy Initiatives.

icon Lessons Bank and Nonbank Lenders can Learn From Each Other
September 2, 2019

With the rise of technology and the expansion of financial regulation, more nonbank lenders are competing than ever before. These alternative lenders now have $52 trillion in assets, with $15 trillion of that in the U.S. alone. With such a huge presence in lending, it begs the question: what are these alternative lenders doing that has made them so popular and what can traditional lenders like banks and credit unions learn from them?

icon Charting Future Success by Questioning the Answers
September 2, 2019

In a time when asking questions is considered a passive aggressive behavior, the acceptance of commonplace strategy and answers should be labeled as subversion--to consumers, investors and employees. We cannot continue traditional paths during the rise of the "Fourth Technology Revolution" using remedies devised during the third.

icon MBA Chart of the Week: IMB Quarterly Pre-Tax Net Production Profits
August 30, 2019

Seasonality is part of the mortgage business. Based on MBA's Quarterly Mortgage Bankers Performance Report (the second quarter 2019 report was released this week), independent mortgage banks tend to have higher profitability in the second and third quarters of the year because of the onset of the spring home buying season and subsequent increase in purchase volume.

icon Lessons Bank and Nonbank Lenders can Learn From Each Other
August 26, 2019

With the rise of technology and the expansion of financial regulation, more nonbank lenders are competing than ever before. These alternative lenders now have $52 trillion in assets, with $15 trillion of that in the U.S. alone. With such a huge presence in lending, it begs the question: what are these alternative lenders doing that has made them so popular and what can traditional lenders like banks and credit unions learn from them?

icon MBA Education Path to Diversity Scholar Profile: Dianna Rodriguez
August 26, 2019

Dianna Rodriguez is a Paralegal with First Guaranty Mortgage Corp., Arlington, Va., where she has spearheaded several important projects including licensing, acquisition of Goodmortgage.com and an intense Vendor Management overhaul. She is a recipient of the MBA's Path to Diversity Scholarship and is a member of the 2019 class of MBA Future Leaders.

icon The Importance of Prioritizing Training and Development
August 26, 2019

While low rates have created an opportunity for mortgage lenders to grow, it's impossible to capitalize on those opportunities without a well-trained team. It has become crucial for lenders to prioritize employee training and education, so they can create a team full of leaders that span from the front line to the boardroom.

icon The IRS Puts an Exclamation Point on the SALT Deduction Rules; a Look at What the New Federal Tax Reform Update Means for States
August 26, 2019

The IRS remained largely silent during the first half of 2019 concerning the controversial State and Local Tax (SALT) deduction issue, following the August 27, 2018 publication of its Proposed Rule, which explores contributions in exchange for state or local tax credits. Silent no more, the IRS announced its follow-through by issuing final regulations on the matter in the Federal Register on June 11.

icon People in the News
August 26, 2019

Fannie Mae, Washington, D.C., appointed Sheila C. Bair to its Board of Directors.

icon MBA Washington Report
August 26, 2019

In this week's Washington Report, MBA Senior Vice President of Legislative and Political Affairs Bill Killmer discusses recent developments on Capitol Hill and in Washington, D.C.

icon Mortgage Vendor News & Views
August 26, 2019

Back in the 1920s and 1930s, bank robber Willie Sutton (aka "Slick Willie") was said to carry a pistol and a Thompson submachine gun. He was known for his expensive clothes, ingenuity in executing robberies in various disguises and a reputation of being a complete a gentleman. People that were present at his robberies stated he was quite polite. Sounds very much like cyber scammers of today.

icon MBA Chart of the Week: Commercial Property Capitalization Rates
August 23, 2019

Commercial real estate values are a function of a property's income and the capitalization (cap) rate. Essentially the inverse of a price-to-earnings ratio, cap rates are a gauge of the yield investors demand to put their money into commercial real estate--with a lower cap rate demonstrating higher investor interest in each dollar of current income.

icon MBA Mortgage Market Update
August 21, 2019

MBA Chief Economist Mike Fratantoni breaks down the MBA Weekly Applications Survey for the week ending Aug. 16.

icon MBA Education Path to Diversity Scholar Profile: Vivian Kwok
August 20, 2019

Vivian Kwok is Director of Mortgage Operations with Manulife Investment Management, Toronto, Ontario. She has more than 15 years of industry experience.

icon MBA Washington Report
August 20, 2019

In this week's Washington Report, MBA Pubic Affairs Specialist Falen Taylor discusses recent developments on Capitol Hill and Washington, D.C.

icon The Importance of Prioritizing Training and Development
August 20, 2019

While low rates have created an opportunity for mortgage lenders to grow, it's impossible to capitalize on those opportunities without a well-trained team. It has become crucial for lenders to prioritize employee training and education, so they can create a team full of leaders that span from the front line to the boardroom.

icon People in the News
August 19, 2019

Take Three Technologies, Denver, hired Ruth Lee, CMB, as Executive Vice President. She will lead the startup's efforts to expand adoption of its proprietary software.

icon Why Consumers Deserve A Right To Machine Learning Explainability
August 19, 2019

As artificial intelligence and machine learning reshape a growing number of industries, regulators overseeing everything from medicine to mortgage lending are wrestling with a fundamental question: How do you explain to people the answers that come out of machine learning models?

icon MBA Chart of the Week: FHA Seriously Delinquent Loans By Origination Year
August 16, 2019

MBA released its second quarter of 2019 National Delinquency Survey results this week. While overall delinquencies increased over the previous quarter and from a year ago, loans that were seriously delinquent--90 days or more past due or in the process of foreclosure--dropped. In fact, the seriously delinquent rate reached 1.95 percent, its lowest level since second quarter 2006.

icon MBA Mortgage Market Update
August 14, 2019

MBA Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Aug. 9.

icon mPower Moments: Kimberly Lanham of Digital Risk on Fear in the Workplace
August 14, 2019

In the latest episode of mPower Moments, mPower Founder Marcia M. Davies sits down with Kimberly Lanham, Senior Vice President of Client Services with Digital Risk, Maitland, Fla., on workplace fears and how to overcome them.

icon MBA Washington Report
August 12, 2019

In this week's Washington Report, MBA Pubic Affairs Specialist Falen Taylor discusses recent developments on Capitol Hill and Washington, D.C.

icon Private Investors: It's Time to Take a Second Look at RON
August 12, 2019

For private investors, remote online notarization presents an opportunity to effectively compete against larger (i.e. federally chartered) investors by providing an outlet for lenders ready to advance their digital mortgage strategy. Thus, it's high time private investors took a second look at RON and what it means for the larger digital mortgage.

icon People in the News
August 12, 2019

MISMO, the mortgage industry's standards organization, hired Jonathan Kearns as Vice President of Technology. Under MISMO's management by the Mortgage Bankers Association, Kearns will also serve as MBA Associate Vice President, Product Development.

icon MBA Education Path to Diversity Scholar Profile: Latasha Tucker
August 12, 2019

Latasha Tucker is a Portfolio Manager with Mr. Cooper, Lewisville, Texas.

icon Why Consumers Deserve A Right To Machine Learning Explainability
August 12, 2019

As artificial intelligence and machine learning reshape a growing number of industries, regulators overseeing everything from medicine to mortgage lending are wrestling with a fundamental question: How do you explain to people the answers that come out of machine learning models?

icon How Commercial Property Loan Insurance Could Make You Recession-Proof
August 12, 2019

Recent, modern innovations in investment-grade insurance products can provide banks with both the structure and liquidity required, and most importantly, risk coverage for all projects and lenders on an individual basis. Notably, this would expand cumulative coverage and eliminate all lender exposure, bringing an end to the instances of zero available funds that characterized the pre-recession era.

icon MBA Chart of the Week: Warehouse Lines for Loans Held For Sale
August 9, 2019

Mortgage banker usage level of warehouse lines for loans held for sale was at 56 percent at the end of the second quarter, rising from the previous quarter and from one year ago, according to MBA's latest quarterly Warehouse Lending Survey.

icon MBA Mortgage Market Update
August 7, 2019

MBA Associate Vice President of Public Affairs Rob Van Raaphorst breaks down the MBA Weekly Applications Survey for the week ending Aug. 6.

icon MBA Washington Report
August 6, 2019

In this week's Washington Report, MBA Associate Vice President of Legislative and Political Affairs Alden Knowlton discusses recent developments on Capitol Hill.

icon People in the News
August 5, 2019

Susan Stewart, 2019 Vice Chairman of the Mortgage Bankers Association and CEO of SWBC Mortgage, San Antonio, Texas, was honored as one of HousingWire's 2019 Women of Influence.

icon Frederick Townes of NestReady on Artificial Intelligence
August 5, 2019

Frederick Townes is the CTO and co-founder of NestReady, New Castle, Del., a one-stop digital real estate technology firm that builds innovative tools in the real estate market.

icon Private Investors: It's Time to Take a Second Look at RON
August 5, 2019

For private investors, remote online notarization presents an opportunity to effectively compete against larger (i.e. federally chartered) investors by providing an outlet for lenders ready to advance their digital mortgage strategy. Thus, it's high time private investors took a second look at RON and what it means for the larger digital mortgage.

icon Slideshow: ARMCO Mortgage Quality Control Industry Trends
August 5, 2019

In this slideshow, ARMCO, Pompano Beach, Fla., says the leading critical defect category is loan package documentation.

icon Lionel Urban of Fiserv on How Technology Can Benefit Customer Experience
August 5, 2019

Lionel Urban is Vice President of Product Management and Bank Solutions with Fiserv, Brookfield, Wis., responsible for development and delivery of the company's digital mortgage strategy. He has more than four decades of mortgage banking experience in management, origination, operations, secondary marketing and compliance roles within banks, credit unions and independent mortgage bankers.

icon MBANow: Pete Mills on the QM Patch
August 5, 2019

In this MBANow video, MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills discusses recent events affecting the mortgage industry, including the recent advanced notice of proposed rulemaking by the Consumer Financial Protection Bureau on the future of the GSEs' Qualified Mortgage "patch."

icon MBANow: Bill Killmer on MBA Advocacy During August Recess
August 5, 2019

In this MBANow video, MBA Senior Vice President of Legislative and Political Affairs Bill Killmer discusses MBA advocacy activity during the August Congressional recess and how MBA is preparing for the fall legislative sessions.

icon MBA Chart of the Week: GDP, Inflation and the Fed Funds Rate
August 2, 2019

This week's chart shows the relative level of the fed funds rate compared to growth and inflation. The chart includes our forecast for a slowdown in economic growth in 2019 and 2020, along with two additional rate cuts.

icon MBA Mortgage Market Update
July 31, 2019

MBA Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending July 26.

icon Frederick Townes of NestReady on Artificial Intelligence
July 29, 2019

Frederick Townes is the CTO and co-founder of NestReady, New Castle, Del., a one-stop digital real estate technology firm that builds innovative tools in the real estate market.

icon People in the News
July 29, 2019

Experian, Costa Mesa, Calif., named Susan Allen head of product for Experian Mortgage. She will be responsible for product strategy and execution of Experian's suite of products for the mortgage industry.

icon Benefits of Digital Mortgage Servicing
July 29, 2019

Digital mortgage servicing benefits mortgage servicers as well as borrowers. By using the right mortgage servicing software and web applications, servicers can streamline operations while containing costs and satisfying borrowers. Here are several advantages of digital mortgage servicing.

icon MBA Washington Report
July 29, 2019

In this week's Washington Report, MBA Associate Vice President of Legislative and Political Affairs Erin Barry discusses recent developments on Capitol Hill.

icon For Perrin Kennedy, the Future is Bright
July 29, 2019

Remember this name: Perrin Kennedy. You're going to be hearing a lot more from him.

icon The Role of Data Analytics in Lead Generation
July 29, 2019

Today, as competition increases the industry is seeing mortgage professionals adapt by using third-party data even earlier in the loan process--often before an applicant has formally started the home buying process. Increasingly, real estate agents and brokerage firms are using the same level of data analytics as their lender counterparts to proactively engage with potential homebuyers, which will ultimately help accelerate the origination process even more.

icon MBANow:
July 28, 2019

In this MBANow video, New York Life Investors Managing Director Tim McGinnis shares his perspective on hot topics and trends from MBA's Life Insurance Company Senior Executive and NextGen Roundtables with MBA Director of Public Affairs Adam DeSanctis.

icon MBA Chart of the Week: Cash Share, Home Sales & Purchase Mortgage Applications
July 26, 2019

icon Benefits of Digital Mortgage Servicing
July 22, 2019

Digital mortgage servicing benefits mortgage servicers as well as borrowers. By using the right mortgage servicing software and web applications, servicers can streamline operations while containing costs and satisfying borrowers. Here are several advantages of digital mortgage servicing.

icon People in the News
July 22, 2019

Insellerate, Costa Mesa, Calif., added Neil Sahota, IBM Master Inventor, United Nations Artificial Intelligence subject matter expert and noted author to its board of advisors to enhance its AI technology and strategy.

icon MBA Washington Report
July 22, 2019

In this week's Washington Report, MBA Assistant Director of Government Housing Programs Julienne Joseph discusses recent developments on Capitol Hill.

icon Scott & John Seroka on the Importance of Branding
July 22, 2019

Scott Seroka is Principal & Chief Brand Strategist and John Seroka, Principal with Seroka Brand Development, Brookfield, Wis., which provides brand development, marketing, PR, social media and mobile strategies to companies throughout the mortgage industry.

icon Customer Retention: How to Become Their Lender for Life
July 22, 2019

Consumer lending competition is heating up, triggering lenders to remain vigilant at the threat of existing borrowers reaching the end of their initial introductory period. Like serial credit card customers who jump from one interest-free offer to the next, borrowers are more likely to consider refinancing options whenever their existing mortgage deal reverts to a standard rate, particularly amid a mortgage price war. Surprisingly, the lending business has some of the worst customer retention rates of any business and most lending companies fail to retain 93 percent of their customers when they decide to get a new mortgage.

icon MBA Chart of the Week: Components of Cost to Originate in Retail Production Channel
July 19, 2019

The cost to originate a loan in the retail production channel (excludes third-party and consumer direct originations) averaged about $10,200 in 2018, based on a cross-section of 78 lenders, including mid-size and large banks and independent mortgage companies. But there are key differences among these lenders in terms of operating model, geography, product mix and sales strategy.

icon MBANow: MBA Chief Economist Mike Fratantoni on the Economy
July 17, 2019

In this MBANow video, MBA Chief Economist Mike Fratantoni discusses the updated MBA forecast; where the Federal Reserve is headed and where the economy is headed.

icon MBA Mortgage Market Update
July 17, 2019

MBA Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending July 12.

icon MBA Washington Report
July 16, 2019

In this week's Washington Report, MBA Associate Vice President of Legislative and Political Affairs Dan Grattan discusses recent developments on Capitol Hill.

icon People in the News
July 16, 2019

The Mortgage Bankers Association nominated Kristy Fercho, Executive Vice President and President of Mortgage with Flagstar Bank, Troy, Mich., to serve as MBA Vice Chairman for the 2020 membership year.

icon Customer Retention: How to Become Their Lender for Life
July 15, 2019

Consumer lending competition is heating up, triggering lenders to remain vigilant at the threat of existing borrowers reaching the end of their initial introductory period. Like serial credit card customers who jump from one interest-free offer to the next, borrowers are more likely to consider refinancing options whenever their existing mortgage deal reverts to a standard rate, particularly amid a mortgage price war. Surprisingly, the lending business has some of the worst customer retention rates of any business and most lending companies fail to retain 93 percent of their customers when they decide to get a new mortgage.

icon Slideshow: MBA Mortgage Bankers Performance Report
July 15, 2019

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $285 on each loan they originated in the first quarter, up from a reported loss of $200 per loan in the fourth quarter, the Mortgage Bankers Association reported.

icon Third-Party Risk Management Structuring--Importance of Independence from the Lines of Business
July 15, 2019

According to our recent State of Third Party Risk Management survey, only 2% of respondents shared that third-party risk management reported to a line of business. I certainly breathed a sigh of relief. Still, I feel it's important to briefly discuss this and exactly why it's crucial that this trend continues across mortgage companies, amongst all sorts of companies across the industry.

icon Innovation in Finance--'Please Don't be Dead'
July 15, 2019

A bifurcation is taking place across financial services--those entrenched and those seeking to disrupt. Like a western where wagons are circled to form a defense, the weapons of financial innovation just make them easy targets now that they are all in proximity, behaving the same and resisting change.

icon MBA Chart of the Week: Treasury Yield Spreads
July 12, 2019

Our chart this week is an update of two closely tracked Treasury spreads, both of which have dropped in recent months.

icon MBA Mortgage Market Update
July 10, 2019

MBA Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending July 5.

icon mPower Moments: Janine Driver on Body Language
July 10, 2019

In the latest episode of mPower Moments, mPower Founder Marcia M. Davies talks with Janine Driver, New York Times best-selling author and body language expert, on body language tips; what she means when she says "check yourself before you wreck yourself," and "left for love, right for fight."

icon MBA Chart of the Week: In-House Mortgage Servicer Productivity
July 8, 2019

The June 28 MBA Chart of the Week focused on productivity for retail mortgage originators. This week, we look at productivity for in-house mortgage servicers, based on data from MBA's annual Servicing Operations Study.

icon Brain Freeze: Ice Cream, Artificial Intelligence and The Spurious Correlation Conundrum for Lenders
July 8, 2019

In almost every statistics class, students will learn this odd fact: in many cities, there are two numbers that trend together: ice cream sales and violent crime rates. The rise in both figures, however, occurs during the hotter, summer months, and the heat is considered to be a contributing factor for both the increase in ice cream sales and the short tempers that contribute to spikes in violent crime.

icon Beyond the Mortgage POS: The Era of the Digital Lending Platform is Here
July 8, 2019

Digital mortgages have been a hot topic since the moment Quicken Loans invested in splashy Rocket Mortgage Super Bowl ads in 2016. Adoption of mortgage point-of-sale technology to provide digital application experiences has been fast and furious ever since--so much so that providing a digital, mobile-friendly application experience has become table stakes.

icon People in the News
July 8, 2019

The Mortgage Bankers Association promoted Dan Fichtler to Associate Vice President of Housing Finance Policy within the association's Residential Policy and Member Engagement team.

icon What Lenders Need to Compete in Today's Commercial Construction Boom
July 8, 2019

A booming economy is creating a significant business opportunity for organizations that have well-run commercial lending operations. According to the Mortgage Bankers Association, commercial and multifamily mortgage originations will total $530 billion in 2019. This translates to more commercial construction lending activity. The problem is, institutions with outdated operations will find it challenging to keep up and compete with larger banks.

icon Mortgage Vendor News & Views--July
July 8, 2019

We are in the midst of a Tech Blitz, a constant barrage of new technologies and applicability from long-familiar vendor names, as well as newer service providers in our space. Interestingly, many potential buyers are as uneasy as ever. Angst has shifted from having too few innovative tech options to now sifting through reams of demos, decks and due diligence tasks. Better off, yes--but angst remains.

icon Bringing HECMs Forward: the Best Way to Serve Senior Borrowers
July 1, 2019

Qualified borrowers that could benefit from a HECM are not presented with the loan as an option, simply because traditional loan officers have neither been trained on the product nor do they have access to product selection and pricing engines that compare the merits of the HECM against borrowers' other options.

icon People in the News
July 1, 2019

The Mortgage Bankers Association promoted Lisa Haynes to Senior Vice President, Chief Financial Officer and Chief Diversity and Inclusion Officer.

icon Beyond the Mortgage POS: The Era of the Digital Lending Platform is Here
July 1, 2019

Digital mortgages have been a hot topic since the moment Quicken Loans invested in splashy Rocket Mortgage Super Bowl ads in 2016. Adoption of mortgage point-of-sale technology to provide digital application experiences has been fast and furious ever since--so much so that providing a digital, mobile-friendly application experience has become table stakes.

icon Podcast: How To Build A High-Performance Culture with Marcia Davies
July 1, 2019

Marcia Davies, COO of Mortgage Bankers Association and founder of mPower, joined Real Crowd for a conversation around leadership, decision making, and how to build a high performing culture within your organization.

icon Slideshow: Closing in On Closing Costs
July 1, 2019

A look at 2018 national and regional closing costs from ClosingCorp's Annual Mortgage Closing Costs report.

icon When Efficiency Just Isn't Enough?
July 1, 2019

Efficiency across the mortgage supply chains is necessary and valued. However, as the definition of "home" radically shifts, will improved costs and margins be enough to save an industry steeped in tradition and commoditization?

icon Three Crucial Tips for Financial Institutions Servicing Victims of Natural Disaster
July 1, 2019

Most financial institutions have a reputation for delivering high-quality customer service in all circumstances, and now they face a heightened dilemma when servicing disaster-affected customers. These customers have already had their lives turned upside down. In many cases, homeowners can't even live in their homes while damages are being repaired.

icon MBA Washington Report
July 1, 2019

In this week's Washington Report, MBA Senior Vice President of Legislative and Political Affairs Bill Killmer discusses recent developments on Capitol Hill.

icon MBA Chart of the Week: Monthly Productivity in Retail Production Channel
June 28, 2019

Average monthly productivity for the retail production channel (excluding third-party and consumer direct originations) reached study-lows in 2018 for both retail loan officers and the non-producing employees directly supporting them.

icon MBANow: Brian Martin of Blend
June 26, 2019

In this MBANow video, Blend's head of business development Brian Martin discusses changes in the mortgage lending business.

icon MBA Mortgage Market Update
June 26, 2019

MBA Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending June 21.

icon MBA Washington Report
June 24, 2019

The Mortgage Bankers Association's Washington Report features MBA Director of Housing Finance Policy, who discusses House action on a FY2020 T-HUD appropriations bill; House Ways and Means Committee action on MBA-supported "tax-extenders" bills; and the Senate Banking Committee's examination of the Terrorism Risk Insurance Act.

icon People in the News
June 24, 2019

Quicken Loans Mortgage Services, Detroit, named Austin Niemiec Executive Vice President. He replaces David Schroeder, who led QLMS the previous four years.

icon Avoiding Section 8 Violations
June 24, 2019

Ever since the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C. 2601 et seq.) was enacted in 1974, lenders, mortgage brokers and other parties that provide settlement services to the mortgage industry have sought to do business together without violating the prohibitions of RESPA section 8: the payment or receipt of referral fees, kickbacks or unearned fees.

icon Bringing HECMs Forward: the Best Way to Serve Senior Borrowers
June 24, 2019

Qualified borrowers that could benefit from a HECM are not presented with the loan as an option, simply because traditional loan officers have neither been trained on the product nor do they have access to product selection and pricing engines that compare the merits of the HECM against borrowers' other options.

icon Leveraging Data to Simplify Vendor Management
June 24, 2019

For lenders, bringing on a new vendor can be a difficult and time-consuming task. The process of onboarding and tracking the progress of vendors can be a full-time job. Especially today, lenders want new digital technologies and updated services that help them better do their job and serve borrowers but bringing on new technologies means taking on the difficult task of bringing on new vendors. The time and cost commitments associated with this are often a deterrent when it comes to changing vendors or bringing on new ones.

icon MBA Chart of the Week: Housing Market Vacancy Rates
June 21, 2019

According to Census statistics, the U.S. added 1.5 million households during 2018 but built fewer than 1.2 million new housing units. The result is a tightening inventory--not just of homes for sale, but of homes available to occupy.

icon MBANow: Steve O'Connor on MBA Affordable Housing Initiative
June 20, 2019

In this MBANow video, MBA Senior Vice President of Affordable Housing Initiatives Steve O'Connor discusses his new role at MBA and the Association's recently announced affordable housing initiative.

icon MBA Mortgage Market Update
June 19, 2019

MBA Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending June 14.

icon MBA Washington Report
June 17, 2019

The Mortgage Bankers Association's Washington Report features MBA Associate Vice President of Political Affairs Alden Knowlton, who discusses the Ginnie Mae 2020 update; the Federal Housing Finance Agency's yearly report to Congress; and the House Financial Services Committee's approval of a bill authorizing the National Flood Insurance Program for five years.

icon Steve Smith of Finicity on Consumer-Permissioned Data
June 17, 2019

Steve Smith is Chairman, CEO and co-founder of Finicity, Salt Lake City, Utah, a financial data aggregator and insight provider enabling innovation in financial services through access to customer-permissioned financial data. In 2018 he was honored with the HousingWire Vanguard award, which recognize the top business leaders contributing to the growth of the housing finance industry and its various sectors.

icon Avoiding Section 8 Violations
June 17, 2019

Ever since the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C. 2601 et seq.) was enacted in 1974, lenders, mortgage brokers and other parties that provide settlement services to the mortgage industry have sought to do business together without violating the prohibitions of RESPA section 8: the payment or receipt of referral fees, kickbacks or unearned fees.

icon People in the News
June 17, 2019

The Mortgage Bankers Association's Krystal Thomas, Government Program Specialist, and Andrea Oh, Policy Advisor, were recognized by Women in Housing and Finance Inc.'s 2019 40 under 40 awards.

icon Understanding Vendor Selection and the RFP, RFI and RFQ
June 17, 2019

A lot of components are intertwined into vendor selection. Once you've narrowed down a few favorable vendors, it's usually time to begin facilitating your mortgage company's standard vendor selection process. Often, this includes some sort of request for additional information, such as an RFP, RFI or RFQ.

icon Justin Vedder of Altisource on Lender Fraud Exposure
June 17, 2019

Justin Vedder is Chief Operating Officer of Originations Solutions with Altisource, Luxembourg. He is responsible for growth of Altisource's Origination Solutions business, which brings together integrated and consultative products, services and solutions needed by mortgage market participants of all sizes throughout the loan origination and secondary market execution process.

icon MBA Chart of the Week: IMB Revenue/Expense
June 14, 2019

Production profitability for independent mortgage banks increased to 7.5 basis points--$285 per loan--in the first quarter, from a reported loss of 11 bps ($200 per loan) in the fourth quarter, according to the MBA Quarterly Mortgage Bankers Performance Report released last week.

icon MBA Mortgage Market Update
June 12, 2019

MBA Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending June 7.

icon mPower Moments: Maren Kasper of Ginnie Mae
June 12, 2019

In the latest episode of mPower Moments, mPower Founder Marcia M. Davies interviews Maren Kasper, Acting President of Ginnie Mae, who discusses advice and insight on planning a path for your career and the importance of transparency and active listening to solve large and small problems.

icon MBA Chart of the Week: Transition from LIBOR
June 10, 2019

The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details. Most firms are already taking steps, but they also report relying on regulators and industry bodies to make decisions before they take certain actions.

icon MBA Washington Report
June 10, 2019

The Mortgage Bankers Association's Washington Report features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses the $19 billion disaster aid package passed by Congress; House approval of the T-HUD fiscal 2020 spending bill; and Senate approval of legislation that allows Ginnie Mae to back VA loans without penalties.

icon Steve Smith of Finicity on Consumer-Permissioned Data
June 10, 2019

Steve Smith is Chairman, CEO and co-founder of Finicity, Salt Lake City, Utah, a financial data aggregator and insight provider enabling innovation in financial services through access to customer-permissioned financial data. In 2018 he was honored with the HousingWire Vanguard award, which recognize the top business leaders contributing to the growth of the housing finance industry and its various sectors.

icon Hold Back the Flood Waters: Keeping Up with FDPA to Ensure Mortgage Compliance
June 10, 2019

What will be the most expensive natural disaster this year? Based on winter 2018-19 being the wettest on record in the United States, the NOAA predicts it could be flooding.

icon People in the News
June 10, 2019

Lisa Haynes, Chief Financial and Diversity and Inclusion Officer of the Mortgage Bankers Association, was presented with a 2019 Diversity & Inclusion Award by the Council for Inclusion in Financial Services, at the CIFS Annual National FinServ Expo in Irving, Texas.

icon MBA Awards $90,000 in Path to Diversity Scholarships
June 10, 2019

The Mortgage Bankers Association announced it awarded more than $90,000 in scholarships to 101 women and minorities under its Path to Diversity Scholarship Program during the first eight months of the 2019 fiscal year.

icon MBANow: MBA's William Kooper on Remote Online Notarization
June 10, 2019

In this MBANow video, MBA Vice President of State Government and Industry Relations William Kooper discusses MBA's growing campaign to secure remote online notarization nationwide.

icon Midtown Manhattan Office Challenges May Not Be Ominous for CMBS
June 9, 2019

The Hudson Yards neighborhood has established itself as Manhattan's new and vibrant live, work, play area and it is drawing office tenants from other areas of the city, especially Midtown Manhattan.

icon MBA Mortgage Market Update
June 5, 2019

MBA Vice President of Industry Analysis Marina Walsh breaks down the MBA Weekly Applications Survey for the week ending May 31.

icon MBA Washington Report
June 4, 2019

The Mortgage Bankers Association's Washington Report features MBA Associate Vice President of Public Affairs Rob Van Raaphorst, who discusses efforts in Congress to pass a disaster relief package that includes extending the National Flood Insurance Program; FHA's extension of its comment period for two recent proposals on loan-level certifications and defect taxonomy; and an MBA letter to Ginnie Mae on pooling requirements for VA cash-out refinances.

icon Hold Back the Flood Waters: Keeping Up with FDPA to Ensure Mortgage Compliance
June 3, 2019

What will be the most expensive natural disaster this year? Based on winter 2018-19 being the wettest on record in the United States, the NOAA predicts it could be flooding.

icon Is It Time to Rethink Compensation?
June 3, 2019

January marked six years since the Consumer Financial Protection Bureau issued its Final Rule on loan originator compensation. In the intervening years, the Final Rule and the Loan Originator Rule that preceded it have impeded the ability of mortgage companies to operate in accordance with the normal rules of engagement for a capitalist economy.

icon MBANow: Paul Buege of Inlanta
June 3, 2019

In this MBANow video, Paul Buege, President and COO of Inlanta, Pewaukee, Wis., discusses the company's role as an Independent Mortgage Bank.

icon People in the News
June 3, 2019

Lisa Haynes, Chief Financial and Diversity and Inclusion Officer of the Mortgage Bankers Association, was presented with a 2019 Diversity & Inclusion Award by the Council for Inclusion in Financial Services, at the CIFS Annual National FinServ Expo in Irving, Texas.

icon MBA Secondary Market Conference Survey Scorecard
June 3, 2019

The following report was written from the 26 interviews I conducted face to face with senior mortgage company executives from an equal number of companies in New York City at the MBA National Secondary Market Conference May 19-22. The surveys, conducted twice annually and have been for more than a decade, are designed to capture facts, thoughts, opinions, attitudes and expectations of two dozen plus mortgage executives in the hope of capturing the thinking of an industry on a battery of questions concerning their firms and the broader lending community.

icon MBA Chart of the Week: FHFA Purchase-Only House Price Index
May 31, 2019

Purchase-only house prices in the U.S. were up 5.1 percent in the first quarter from the same quarter a year ago, a deceleration from 5.9 percent in the fourth quarter and significantly slower than the over 6 percent levels we saw between late 2016 and mid-2018.

icon MBA Mortgage Market Update
May 29, 2019

MBA Associate Vice President of Research and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending May 24.

icon MBA Washington Report
May 28, 2019

The Mortgage Bankers Association's Washington Report features MBA Senior Vice President of Legislative and Political Affaris Bill Killmer, who discusses a key HUD subcommittee approval of MBA-supported FY2020 appropriations for HUD, FHA and Ginnie Mae; a move in the Senate to correct language that could put some VA loans in jeopardy; and another temporary extension of the National Flood Insurance Program.

icon Is It Time to Rethink Compensation?
May 27, 2019

January marked six years since the Consumer Financial Protection Bureau issued its Final Rule on loan originator compensation. In the intervening years, the Final Rule and the Loan Originator Rule that preceded it have impeded the ability of mortgage companies to operate in accordance with the normal rules of engagement for a capitalist economy.

icon People in the News
May 27, 2019

Get Credit Healthy Inc., Sunrise, Fla., announced Mitch Kider, chairman and managing partner of national law firm, Weiner Brodsky Kider PC, accepted an advisory board position.

icon MBA Education Path to Diversity Scholar Profile: Juan Liu
May 27, 2019

Juan Liu is a Senior Credit Risk Analyst with First Tech Federal Credit Union, Beaverton, Ore. She has a B.A. in Accounting & Information Systems from Portland State University, as well as an M.A. in English Literature and Applied Linguistics from Henan University. She enjoys reading and traveling in her spare time.

icon The Single Security: Good for Investors, Lenders & Borrowers
May 27, 2019

In less than a week, a project more than seven years in the making will come to fruition: the Uniform Mortgage-Backed Security--UMBS--a new MBS to be issued and guaranteed by either Fannie Mae or Freddie Mac and backed by fixed-rate 30-, 20-, 15- or 10-year single-family mortgage loans.

icon Arbitration Gets Another Boost From Supreme Court
May 27, 2019

In response to the explosion in wage-hour cases, companies began requiring employees to individually arbitrate any employment related claim. Soon thereafter, the Department of Labor and plaintiffs' lawyers began challenging such arbitration, claiming it infringed on the rights of employees to act collectively. Ultimately, this dispute reached the Supreme Court, which held that employers could require employees to arbitrate employment claims individually.

icon MBA Chart of the Week: New Issue CMBS Spreads to Swaps
May 24, 2019

In search for yield and a vote of confidence in the assets, investors have pulled commercial mortgage-backed securities credit spreads lower in recent years.

icon The Single Security: Good for Investors, Lenders & Borrowers
May 19, 2019

In less than two weeks, a project more than seven years in the making will come to fruition: the Uniform Mortgage-Backed Security--UMBS--a new MBS to be issued and guaranteed by either Fannie Mae or Freddie Mac and backed by fixed-rate 30-, 20-, 15- or 10-year single-family mortgage loans.

icon People in the News
May 19, 2019

Eight mortgage servicers earned the MBA Education Certified Commercial Mortgage Servicer (CCMS) designation at the recent Mortgage Bankers Association CREF Servicing and Technology Conference in Los Angeles.

icon SLK Global's Larry Leon on Property Taxes, Tax Services
May 19, 2019

Larry Leon is Vice President with SLK Global, Chicago. His financial industry experience include business development, sales, customer relation management, market research and lead generation. Founded in 2001, SLK Global Solutions is a business process transformation enterprise offering technology products for the banking, mortgage lending and insurance industry. It offers origination and servicing support for residential and commercial mortgage lending.

icon Scaling your Mortgage Company's Vendor Risk Management Program: When and How
May 19, 2019

You've got your hands full. Your third-party risk management team is struggling to keep up with the volume of work, more so than ever now, as there is such a regulatory emphasis on the ongoing monitoring nature or lifecycle approach to vendor risk management.

icon MBA Premier Member Profile
May 19, 2019

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 180 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries.

icon MBA Chart of the Week: Mortgage Delinquency Rates by Loan Type
May 17, 2019

MBA Research this week released first quarter 2019 results of its National Delinquency Survey. The overall delinquency rate rose from an 18-year low, to a seasonally adjusted rate of 4.42 percent.

icon MBA Mortgage Market Update
May 16, 2019

Mortgage Bankers Association Associate Vice President of Industry and Economic Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending May 10.

icon SLK Global's Larry Leon on Property Taxes, Tax Services
May 13, 2019

Larry Leon is Vice President with SLK Global, Chicago. His financial industry experience include business development, sales, customer relation management, market research and lead generation. Founded in 2001, SLK Global Solutions is a business process transformation enterprise offering technology products for the banking, mortgage lending and insurance industry. It offers origination and servicing support for residential and commercial mortgage lending.

icon People in the News
May 13, 2019

Marc Champney Smith, CMB, former CEO of Crestar Mortgage/SunTrust Mortgage who served as Chairman of the Mortgage Bankers Association from 1998-1999, passed away on Apr. 6 following a long-term battle with leukemia. He was 72.

icon The Quest for Perfection: Leveraging Lien Management Technologies
May 13, 2019

Lien management is one of the most basic--but crucial--tasks in managing commercial lending operations. But if a lender hasn't taken the proper steps to manage their portfolio and recognize that there are many obstacles that can adversely impact commercial lending assets and overall portfolio health, then the assets in the portfolio are vulnerable. This is clearly unacceptable for all stakeholders: employees, customers, shareholders and ultimately, the communities the lender serves.

icon Mortgage Vendor News & Views
May 13, 2019

Making sense of the service provider market across the end-to-end mortgage ecosystem is a full-time job. There are at least 80 different kinds of vendor categories and thousands upon thousands of vendors within. Plus, they come and go, have affiliates, form joint ventures, merge, re-brand themselves and make other moves, making it as if some hungry beast was eating the bread crumb trail we continually plot out. It is easy to lose your bearings if not relentlessly paying attention.

icon MBA Washington Update
May 13, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Dan Grattan, who discusses FHA revisions to its certification and defect taxonomy; House passage of a four-month extension of the National Flood Insurance Program; and House committee work on legislation addressing VA loan "churning."

icon MBA Chart of the Week: Mortgage Credit Availability Index
May 10, 2019

The supply of mortgage credit continues to grow, as measured by MBA's Mortgage Credit Availability Index, which is a measure of both the risk and quantity of loan programs that wholesale and broker investors are willing to purchase.

icon MBA Mortgage Market Update
May 8, 2019

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

icon mPower Moments: Career Advice & Personal Relationships
May 7, 2019

In this mPower Moments video, mPower Founder and MBA COO Marcia Davies discusses career advice and the value of personal relationships with Tricia Migliazzo, MBA Vice President of Member Engagement.

icon MBANow: Bob Broeksmit, CMB, on GSE Reform
May 7, 2019

MBA President and CEO Robert Broeksmit, CMB, joined MBANow's Rob Van Raaphorst to discuss MBA efforts to move the chains on GSE reform.

icon The Four 'Whys' of APIs
May 6, 2019

Why Fannie Mae is using APIs...and why you might consider it for your organization.

icon MBA Washington Update
May 6, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Public Affairs Rob Van Raaphorst, who discusses the CFPB proposed rules on the Home Mortgage Disclosure Act; and legislative victories in Iowa and Washington for MBA-sponsored remote online notarization bills.

icon People in the News
May 6, 2019

The Mortgage Bankers Association announced Ernie Jolly has joined the Association as Associate Vice President of Legislative Affairs, responsible for advocating on behalf of MBA's legislative and policy priorities on Capitol Hill, with a primary focus on Democratic members of the House of Representatives.

icon Alok Datta of SLK Global Solutions America on Information Security
May 6, 2019

Alok Datta is president of SLK Global Solutions America, Dallas, a business process management provider for the financial services industry. A former vice president of Genpact, he has more than 20 years of mortgage industry experience.

icon MBA Chart of the Week: Refinance Application Trends by Loan Size
May 3, 2019

This week's chart highlights the differential response of refinance applications to the recent decline in mortgage rates.

icon MBA Mortgage Market Update
May 1, 2019

Mortgage Bankers Association Associate Vice President of Industry and Economic Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Apr. 26.

icon The Four 'Whys' of APIs
April 29, 2019

Why Fannie Mae is using APIs...and why you might consider it for your organization.

icon MBANow: President & CEO Bob Broeksmit, CMB, on Upcoming MBA Legal Issues/Reg Compliance Conference
April 29, 2019

In this MBANow video, MBA President & CEO Bob Broeksmit, CMB, talks with MBA AVP Rob Van Raaphorst about the upcoming MBA Legal Issues & Regulatory Compliance Conference, taking place May 5-8 in New Orleans.

icon Bruce Phillips of Williston Financial Group on Cyberfraud
April 29, 2019

Bruce Phillips is Senior Vice President and Chief Information Security Officer with Williston Financial Group, Irvine, Calif. He has more than 30 years of experience in the financial services, insurance, title and escrow, real estate, healthcare and defense industries.

icon People in the News
April 29, 2019

The Federal Housing Finance Agency hired Sheila M. Greenwood as Director of External Relations, responsible for overseeing the Office of Congressional Affairs and Communications, including stakeholder outreach.

icon MBA Washington Update
April 29, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Assistant Director of Government Housing Programs Julienne Joseph, who discusses a HUD Mortgagee Letter extending the deadline for downpayment assistance programs; new CFPB policy regarding Civil Investigative Demands; and MBA's upcoming Legal Issues and Regulatory Compliance Conference (May 5-8).

icon The Quest for Perfection: Leveraging Lien Management Technologies
April 29, 2019

Lien management is one of the most basic--but crucial--tasks in managing commercial lending operations. But if a lender hasn't taken the proper steps to manage their portfolio and recognize that there are many obstacles that can adversely impact commercial lending assets and overall portfolio health, then the assets in the portfolio are vulnerable. This is clearly unacceptable for all stakeholders: employees, customers, shareholders and ultimately, the communities the lender serves.

icon MBA Education Path to Diversity Scholar Profile: Efe Aghimien, AMP
April 29, 2019

Efe Aghimien, AMP, is Chief Financial Officer of SWBC Mortgage Corp., San Antonio, Texas. He joined SWBC in 2017 and is responsible for overseeing strategic financial initiatives, day-to-day financial activities, planning and reporting.

icon How Your Vendor’s Leadership Changes Can Impact You
April 29, 2019

In Game of Thrones, the Iron Throne is where leaders wish to stake their claim. Not an episode goes by without a familiar face changing to a new potential king. But how does this look in the vendor world if the leadership of the Iron Throne is in constant flux?

icon MBA Recognizes Premier, Select Members
April 29, 2019

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: Commercial Real Estate Mortgage Debt Outstanding and LIBOR
April 26, 2019

Within commercial real estate finance markets, a LIBOR transition would have broad--and varied--impacts.

icon MBA Mortgage Market Update
April 24, 2019

Mortgage Bankers Association Chief Economist Mike Fratantoni breaks down the MBA Weekly Applications Survey for the week ending Apr. 19.

icon People in the News
April 22, 2019

LoanLogics, Trevose, Pa., announced president and COO Bill Neville has been named CEO. He will replace former CEO Brian Fitzpatrick.

icon MBA Washington Update
April 22, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses HUD's Mortgagee Letter outlining changes to FHA down payment assistance; CFPB Director Kathy Kraninger's future vision for the Bureau; and MBA-supported Remote Online Notarization legislation signed into law in Arizona.

icon Fintech Advantages Not Limited to Fintech Lenders
April 22, 2019

Fintech mortgage lenders are frequently making headlines these days with their announcements of 10-day closings and 20-minute approvals--sometimes even three-minute approvals. Indeed, the technologies they employ are game-changers for our industry. No borrower wants to wait any longer than necessary to find out if they've been approved.

icon Bruce Phillips of Williston Financial Group on Cyberfraud
April 22, 2019

Bruce Phillips is Senior Vice President and Chief Information Security Officer with  Williston Financial Group, Irvine, Calif. He has more than 30 years of experience in the financial services, insurance, title and escrow, real estate, healthcare and defense industries.

icon MBANow: Justin Wiseman on The Roadmap to CFPB 2.0
April 22, 2019

In this MBANow video, MBA Managing Regulatory Counsel for Public Policy and Industry Relations Justin Wiseman discusses MBA's new white paper, The Roadmap to CFPB 2.0.

icon Slideshow: MBA Mortgage Bankers Performance Report
April 22, 2019

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $200 on each loan they originated in the fourth quarter, down from a reported gain of $480 per loan in the third quarter, the Mortgage Bankers Association reported.

icon Innovation Ethics and Privacy: Blinders Off
April 22, 2019

As an industry, we are closing in on a decade of resurgence following financial meltdowns that ushered in more than 2 million lost jobs, hundreds of billions in losses and a distain for financial services and banking organization personnel, that for several years, ranked them more unpopular than lawyers. How times have changed.

icon MBA Chart of the Week: IMB Production Profit
April 19, 2019

The combination of lower production revenues and higher expenses in 2018 contributed to the lowest net production income per loan since 2008, according to the MBA Annual Mortgage Bankers Performance Report released this week.

icon MBA Mortgage Market Update
April 17, 2019

Mortgage Bankers Association Associate Vice President Rob Van Raaphorst breaks down the MBA Weekly Applications Survey for the week ending Apr. 12.

icon MBANow: Radian's Steve Gaenzler on Technology & Predictive Modeling
April 15, 2019

In this MBANow video, Radian Senior Vice President of Data & Analytics Steve Gaenzler discusses how technology and predictive modeling can effect valuation in the mortgage industry.

icon People in the News
April 15, 2019

M&T Bank, Baltimore, named former Mortgage Bankers Association Chairman Michael Berman as President and CEO of M&T Realty Capital Corp. Current M&T RCC President and CEO Tari Flannery is retiring after 28 years with the bank and nearly two decades in her current role.

icon MBA Washington Update
April 15, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Director of Housing Finance Policy Dan Fichtler, who discusses House passage of IRS reform; Treasury Secretary Steven Mnuchin's testimony on Capitol Hill; and an Office of Management & Budget memorandum asserting its authority over federal financial agencies.

icon Preparing for Corporate Board Opportunities
April 15, 2019

There could not be a better time for women, people of color and even younger people to be tapped for a corporate board. Significant investors like BlackRock and State Street have been very vocal on the subject of board diversity.

icon Fintech Advantages Not Limited to Fintech Lenders
April 15, 2019

Fintech mortgage lenders are frequently making headlines these days with their announcements of 10-day closings and 20-minute approvals--sometimes even three-minute approvals. Indeed, the technologies they employ are game-changers for our industry. No borrower wants to wait any longer than necessary to find out if they've been approved.

icon Elliot Salzman of LoanLogics on the Rise in Loan Defects
April 15, 2019

Elliot Salzman, Chief Credit Officer of LoanLogics, is responsible for enhancing and overseeing credit policy functions of the LoanHD platform. He oversees the organization's Credit Quality Policies and Procedures. He has more than 26 years of mortgage industry experience and has held numerous executive roles overseeing operations and credit policy.

icon MBA Diversity & Inclusion Profile: Mike Yates of Best Capital Funding
April 15, 2019

Mike Yates is President of Best Capital Funding, Chatsworth, Calif.

icon MBA Chart of the Week: Top Investor-Driven Lenders, 2018
April 12, 2019

Mortgage real estate investment trusts, debt funds and other "investor-driven lenders" are one of the hottest capital sources in today's commercial real estate finance markets.

icon Preparing for Corporate Board Opportunities
April 8, 2019

There could not be a better time for women, people of color and even younger people to be tapped for a corporate board. Significant investors like BlackRock and State Street have been very vocal on the subject of board diversity.

icon How Technology is Changing the Mortgage Industry
April 8, 2019

DALLAS--Technologies that have revolutionized other industry are--finally--revolutionizing the mortgage industry as well. "Technology is changing everything we are doing, and we're finally seeing it in the mortgage industry," said Rick Hill, Vice President of Industry Technology with the Mortgage Bankers Association, speaking here at the MBA Technology Solutions Conference & Expo. "It's an exciting time to be in the industry."

icon People in the News
April 8, 2019

Felix Beck, Chairman Emeritus of Chase Home Finance who served as Chairman of the Mortgage Bankers Association from 1983-1984, passed away on Mar. 26. He was 93.

icon Completing a Vendor Evaluation: 10 Tips to Implement
April 8, 2019

Selecting a vendor is one of the first steps in the vendor lifecycle, which means the selection process must certainly be managed properly. Due to this, vendor evaluations shouldn't be taken lightly or dismissed, as it's critical that a company has a strong vendor selection (vendor vetting) process solidified.

icon Big Opportunities for Opportunity Zone Investors
April 8, 2019

Tax reform passed in December 2017 created a huge incentive for real estate investors in low-income areas that are designated as "opportunity zones."

icon Lori Eshoo of NTS on PACE Loans
April 8, 2019

Lori Eshoo is President and CEO of National Tax Search, Chicago. She founded National Tax Search in 1997. Under her direction, Eshoo's team has built a technology platform that streamlines tax, flood and HOA research and payment processes.

icon 4 Trends That Impacted the Mortgage Industry in 2018
April 8, 2019

Though the U.S. economy continued to strengthen throughout 2018, the mortgage industry faced increasing challenges related to rising interest rates, margin compression and compliance requirements. Along with these challenges also came new technological innovations that simplified processes and improved the customer experience, helping to position mortgage lenders more competitively in the future.

icon mPower Moments: Byron Boston and Brian Stoffers, CMB, on Closing Gender Gap
April 5, 2019

In the latest episode of mPower Moments, mPower Founder Marcia M. Davies sits down with MBA Chairman-Elect Brian Stoffers, CMB; and Byron Boston, President, CEO and Chief Investment Officer of Dynex Capital, on on the importance of closing the gender gap in the real estate finance industry and providing a clear path for women to advance in their careers.

icon MBA Chart of the Week: Top 10 Commercial/Multifamily Originators in 2018
April 5, 2019

MBA recently released its annual 2018 Rankings of Commercial/Multifamily Mortgage Firms' Origination Volumes. Last year was another strong year for lending and borrowing.

icon MBANow: William Kooper on Transitional Licensing
April 3, 2019

In this MBANow video, William Kooper, MBA Vice President of State Government and Industry Relations, discusses Transitional Licensing and Temporary Authority and how to best prepare for future changes.

icon CREF Corner Office Conversation: PSRS Michael Tanner on The Interest Rate Environment
April 1, 2019

In this CREF Corner Office Conversation, PSRS Executive Vice President Michael Tanner talks with MBA's Rob Van Raaphorst about the interest rate environment.

icon People in the News
April 1, 2019

The MBA Opens Doors Foundation announced Mark L. Korell, Chairman of Hamilton Group Funding, joined its Board of Directors.

icon How Technology is Changing the Mortgage Industry
April 1, 2019

DALLAS--Technologies that have revolutionized other industry are--finally--revolutionizing the mortgage industry as well. "Technology is changing everything we are doing, and we're finally seeing it in the mortgage industry," said Rick Hill, Vice President of Industry Technology with the Mortgage Bankers Association, speaking here at the MBA Technology Solutions Conference & Expo. "It's an exciting time to be in the industry."

icon Jim Deitch, CMB, of Teraverde on Technology, Costs and Disruption
April 1, 2019

James M. Deitch, CMB, is co-founder and CEO of Teraverde, Lancaster, Pa. Previously, he was a co-founder, CEO and Director of the American Home Bank division of First National Bank of Chester County.

icon Re-thinking 'E,' Part 2: Just How 'E' Can You Be?
April 1, 2019

In a time when full e-closings are not yet possible, the question becomes, "How should lenders proceed?" Today, every loan can be executed digitally to a certain extent, and even if the loan cannot be completely executed electronically, there are still enough benefits in even a partially digital mortgage execution to make it worth the effort, as noted in Part 1 of this series.

icon The Commercial Real Estate Transaction Threshold: Causes, How it Affects You and What Lies Ahead
April 1, 2019

Ever since the Federal Deposit Insurance Corp. published a press release on April 2, 2018, announcing the federal banking agencies' decision to increase the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000, the move has been a divisive topic in the real estate lending industry.

icon MBA Chart of the Week: IMB Production Profit and Volumes
March 29, 2019

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production losses of 11 basis points (a loss of $200 on each loan they originated) in the fourth quarter, down from 20 basis points ($480 per loan) in the third quarter, according to the MBA Quarterly Mortgage Bankers Performance Report released last week.

icon MBA Mortgage Market Update
March 28, 2019

Mortgage Bankers Association Associate Vice President of Economic & Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Mar. 29.

icon People in the News
March 25, 2019

Freddie Mac, McLean, Va., announced Donald H. Layton will retire as CEO and appointed David M. Brickman to succeed him effective July 1. Brickman will become a member of the Freddie Mac Board of Directors.

icon MBA Washington Update
March 25, 2019

The Mortgage Bankers Association's latest Washington Update features Dan Grattan, MBA Associate Vice President for Legislative Affairs, who discusses an MBA letter to the Federal Housing Finance Agency on validating and approving credit score models used by Fannie Mae and Freddie Mac; MBA President and CEO Bob Broeksmit's testimony before the Senate Banking Committee on Mar. 27; and the upcoming MBA National Advocacy Conference in Washington Apr. 2-3.

icon MBA Insights 2019 Tech All-Star Paul Akinmade: The Marketing Transformer
March 24, 2019

For CMG Financial, Chief Marketing Officer Paul Akinmade is a large part of why the company now places a high value on tech-savvy employees. He joined CMG in 2016 with the desire to "create the best marketing department in the industry," said CMG President, CEO and Founder Chris George.

icon Meet the 2019 MBA Insights Tech All-Stars
March 24, 2019

In a year in which mortgage technology has, if anything, become more disruptive even as it becomes more universally applied, four remarkable professionals stand out.

icon Improving the Mortgage Experience with eClosing
March 24, 2019

As the technology wave continues to wash over the mortgage industry, lenders are aiming to further optimize the mortgage process with a more digitally focused borrower experience, while also streamlining their own internal processes to reduce risk, enhance loan quality and drive down costs. But how? In order to make these goals a reality, lenders must first invest in the right tools to not only make each transaction as digital as possible, but also move that much closer to a fully digital mortgage experience. In other words, it's time to get serious about eClose.

icon Slideshow: ARMCO Mortgage Quality Control Industry Trends
March 24, 2019

ARMCO, Pompano Beach, Fla., said the leading critical defect categories in the third quarter included loan package documentation and credit.

icon MBA Insights 2019 Tech All-Star Kara Lamphere: Finding the 'Secret Sauce' for eMortgages
March 24, 2019

In the past, lenders claiming an "all-digital" process had just some of the pieces: online applications, eSign-ready documents, automated verification of income and assets and/or electronic delivery of closing packages. What they didn't have was a fully digital closing process and eNote execution. Enter Kara Lamphere.

icon MBA Insights 2019 Tech All-Star Laurie Pyle: Simplifying Blockchain
March 24, 2019

Laurie Pyle, Chief Operating Officer with blockchain as-a-service company Factom, Austin, Texas, knows firsthand how to use technology to solve real-world problems.

icon MBA Insights 2019 Tech All-Star Lori Brewer: Making You Re-Appreciate LO Compensation
March 24, 2019

Is it possible to have compensation plans that drive sales and boost your bottom line? Yes, says MBA Insights 2019 Tech All Star Lori Brewer, founder and CEO of LBA Ware, Macon, Ga.

icon MBA Chart of the Week: MBA Commercial/Multifamily Market Uncertainty Bingo
March 22, 2019

At this year's MBA Commercial/Multifamily Real Estate Finance (CREF) Convention & Expo in San Diego, more than 3,000 commercial and multifamily real estate finance professionals came together for the industry's largest gathering of the year to hear from expert speakers, network with peers and gauge the state of the CREF industry.

icon MBA Mortgage Market Update
March 20, 2019

Mortgage Bankers Association Associate Vice President of Economic & Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Mar. 15.

icon Improving the Mortgage Experience with eClosing
March 18, 2019

As the technology wave continues to wash over the mortgage industry, lenders are aiming to further optimize the mortgage process with a more digitally focused borrower experience, while also streamlining their own internal processes to reduce risk, enhance loan quality and drive down costs. But how? In order to make these goals a reality, lenders must first invest in the right tools to not only make each transaction as digital as possible, but also move that much closer to a fully digital mortgage experience. In other words, it's time to get serious about eClose.

icon People in the News
March 18, 2019

Gateway Mortgage Group LLC, Jenks, Okla., hired Jacquelyn Pardue as Director of Purchasing and Vendor Management, responsible for overseeing vendor relationship issues for all business channels and service providers.

icon A Conversation with Maren Kasper of Ginnie Mae
March 18, 2019

MBA Insights posed questions to Maren Kasper, acting President, EVP and Chief Operations Officer of Ginnie Mae. Kasper, appointed as Acting President in January, is responsible for all operations for Ginnie Mae's $2.0 trillion portfolio of mortgage-backed securities.

icon MBA Washington Update
March 18, 2019

The Mortgage Bankers Association's latest Washington Update features Steve O'Connor, MBA Senior Vice President of Public Policy & Industry Relations, who discusses the new MBA paper, Roadmap to CFPB 2.0; Consumer Financial Protection Bureau Director Kathy Kraninger's testimony before the Senate Banking Committee; and the upcoming MBA National Advocacy Conference.

icon Between a Rock and a Hard Place: Lenders Need Appraisal Acceleration without Added Collateral Risk
March 18, 2019

Timely, compliant loan closings are the hallmark of a well-run mortgage lender. So, what's the biggest bottleneck in the loan closing process? The appraisal.

icon Top Takeaways From The CREF/Multifamily Housing Convention & Expo 2019
March 18, 2019

Our top five takeaways from the Mortgage Bankers Assoiation's CREF/Multifamily Housing Convention and Expo 2019.

icon Moving Forward in a Down Market with ROC
March 18, 2019

It's no secret that the housing industry is cyclical. While there are unique forces at work in the current downswing, there is still much that can be learned from previous cycles. By considering where the industry has been--in both good times and in bad--lenders can glean invaluable lessons on how best to approach the current market, especially when it comes to investments in technology.

icon MBANow: First American Mortgage Solutions Kevin Wall on How Technology is Changing the Mortgage Industry
March 18, 2019

In this MBANow video, Kevin Wall, President of First American Mortgage Solutions, talks with MBA's Adam DeSanctis about how technology is changing the mortgage industry.

icon MBA Chart of the Week: Annual Change in Owner-Occupied, Renter Households
March 15, 2019

This week's Chart of the Week highlights U.S. Census Bureau data showing 1.6 million additional owner-occupied households in 2018--the largest annual increase since 2004.

icon MBANow: Rick Hill on MBA Technology Solutions Conference & Expo
March 15, 2019

In this MBANow video, MBA Vice President of Industry Technology Rick Hill talks with MBA's Adam DeSanctis about the upcoming MBA Technology Solutions Conference & Expo, taking place Mar. 25-28 in Dallas.

icon MBA Mortgage Market Update
March 13, 2019

Mortgage Bankers Association Director of Public Affairs Adam DeSanctis breaks down the MBA Weekly Applications Survey for the week ending Mar. 8.

icon mPower Moments: Debby Jenkins of Freddie Mac on Women in Leadership
March 13, 2019

In the latest episode of mPower Moments, mPower Founder Marcia M. Davies interviews Debby Jenkins, a housing finance veteran who was recently named Executive Vice President & Head of Multifamily with Freddie Mac.

icon MBANow: Katie Brewer of Radian on Mortgage Servicing Trends
March 11, 2019

In this MBANow video, Katie Brewer, Senior Vice President of Real Estate Service Operations with Radian, Philadelphia, joins MBA Director of Public Affairs Adam Desanctis to discuss news and trends in the mortgage servicing industry. 

icon A Conversation with Maren Kasper of Ginnie Mae
March 11, 2019

MBA Insights posed questions to Maren Kasper, acting President, EVP and Chief Operations Officer of Ginnie Mae. Kasper, appointed as Acting President in January, is responsible for all operations for Ginnie Mae's $2.0 trillion portfolio of mortgage-backed securities.

icon Four Imperatives as Lenders Evaluate eClosing Options
March 11, 2019

Momentum is building across the industry to offer eClosing options to consumers, but easily overlooked challenges can slow progress toward secure, scalable adoption of eClosings.

icon MBA Washington Update
March 11, 2019

The Mortgage Bankers Association's latest Washington Update features Sara Singhas, AMP, MBA Director of Loan Administration, Residential Policy and Member Engagement, who discusses CFPB Director Kathy Kraninger's testimony before the House Financial Services Committee; the Mortgage Action Alliance's Call to Action urging senators to co-sponsor the Self-Employed Mortgage Access Act; and MBA's upcoming National Advocacy Conference.

icon People in the News
March 11, 2019

Gateway Mortgage Group, Jenks, Okla., announced Ken Harrison, CMB, as its Vice President of Agency Relations, responsible for managing relationships with Gateway's investors, government and industry partners. In addition, he will play a key role in product development activities for the firm.

icon Michael Fontaine of Plaza Home Mortgage on the TPO Market
March 11, 2019

Michael Fontaine is Chief Operating Officer & Chief Financial Officer of Plaza Home Mortgage, San Diego.

icon Re-thinking 'E,' Part 1: Allowing Perfect to Become the Enemy of Good
March 11, 2019

Every day we hear more and more about e-closings and e-mortgages, but we have yet to see any meaningful production. Taking that further, a completely digital mortgage continues to be complex and elusive. However, there is still plenty of digital low-hanging fruit ripe with value.

icon Reena Pally of MetLife on the Transition from LIBOR to SOFR
March 11, 2019

MBA Insights posed questions to Reena Pally, Managing Director of Real Estate Debt Strategies with MetLife Investment Management, about the transition away from LIBOR to a successor index for floating-rate loans. 

icon MBA Chart of the Week: Ways Borrowers Remit Mortgage Payments
March 8, 2019

This week's chart, showing the myriad options for remitting payments, provides a glimpse into operational complexities that may arise for mortgage servicers from the fundamental task of collecting payments.

icon MBA Mortgage Market Update
March 6, 2019

Mortgage Bankers Association Chief Economist Mike Fratantoni breaks down the MBA Weekly Applications Survey for the week ending Mar. 1.

icon MBA Washington Update
March 5, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Director of Housing Finance Policy Dan Fichtler, who discusses an MBA/trade group letter on GSE reform to Acting FHFA Director Joseph Otting; Mark Calabria's approval by the Senate Banking Committee to head FHFA; and Federal Reserve Chairman Jerome Powell's semi-annual testimony on Capitol Hill.

icon Four Imperatives as Lenders Evaluate eClosing Options
March 4, 2019

Momentum is building across the industry to offer eClosing options to consumers, but easily overlooked challenges can slow progress toward secure, scalable adoption of eClosings.

icon People in the News
March 4, 2019

STRATMOR Group, Greenwood Village, Colo., announced Seth Sprague, CMB, joined as a principal. An executive with more than 20 years of mortgage experience, Sprague brings to STRATMOR subject matter expertise in mortgage servicing rights, servicing, cash flows, liquidity and mortgage profitability strategies.

icon The 'e' in eMortgage Doesn't Stand for 'Easy'
March 4, 2019

We've seen the mortgage industry embrace the concept of the digital mortgage over the past two or three years, with many lenders implementing new systems to that end. To date, the message from most eMortgage evangelists has really been little more than "Go digital--it helps your margins; aids compliance and improves consumer experience!" That's been enough for many, and we're now finally crossing the adoption threshold for the digital transaction.

icon Improving 'Service' in Mortgage Servicing
March 4, 2019

Today's borrowers expect convenient, immediate access to their mortgage information. Meeting these expectations can be challenging for mortgage servicers, who must comply with frequently changing regulatory requirements. Using e-Mortgage technology such as mortgage servicing software and web applications expedites the servicing process, but human interaction is another essential component of the "service" equation.

icon Closing the Gender Divide
March 4, 2019

ORLANDO--Joanne Lipman, former editor-in-chief of USA Today, wrote That's What She Said about what women say--and what men need to know.

icon MBA Chart of the Week: Low-to-Moderate Income Originations by Company Type
March 1, 2019

In 2017, IMBs accounted for more than 80 percent of Federal Housing Administration loans, 70 percent of Veterans Affairs loans and 64 percent of loans guaranteed by U.S. Department of Agricultural Rural Housing Service loans.

icon MBA Mortgage Market Update
February 28, 2019

Mortgage Bankers Association Chief Economist Mike Fratantoni breaks down the MBA Weekly Applications Survey for the week ending Feb. 22.

icon MBANow: Bob Broeksmit, CMB, on Recent MBA CREF Convention & Expo
February 27, 2019

MBA President and CEO Robert Broeksmit, CMB, joined MBANow's Rob Van Raaphorst to discuss the recent MBA Commercial Real Estatate Finance/Multifamily Housing Convention & Expo in San Diego.

icon MBANow: Miguel Naravez of Alterra on Diversity & Inclusion
February 27, 2019

In this MBANow video, Miguel Naravez, CPO of Alterra Home Loans, discusses his company's efforts to promote diversity and inclusion in the workplace. Alterra was honored by MBA last year with a Residential Diversity & Inclusion Award.

icon Slideshow: MCT Economic and MBS Market Outlook
February 26, 2019

Mortgage Capital Trading examines the economic and mortgage-backed securities market outlook for the year.

icon The Lender's Guide to Preventing Secondary Market Leakage, Part II: Hedge Accordingly
February 25, 2019

Part I of this feature identified two main areas in which leakage can occur in lenders' secondary market operations: data integrity and hedging strategy. Having covered in Part I how improving data integrity can help lenders plug secondary market profit leaks, Part II addresses how errors, omissions and missed opportunities in lenders' hedging strategies also contribute to secondary market leakage.

icon Even in a Digital Mortgage Era, Relationships Reign Supreme
February 25, 2019

The digital mortgage might be good for the mortgage industry, but some predict it will cause the demise of originators, realtors, appraisers and others. That is far, however, from a foregone conclusion.

icon Suitability Logic: Jorge Ponce and Corey Smith of FirstClose on the Technology Outlook
February 25, 2019

Jorge Ponce is Director of Product and Vendor Management 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. Corey Smith is CPO of FirstClose. His more than 25 years of experience in business spans sales, marketing, finance, strategic planning and risk assessment and management. As CPO, Smith is responsible for overseeing user experience as well as product management.

icon Improving 'Service' in Mortgage Servicing
February 25, 2019

Today's borrowers expect convenient, immediate access to their mortgage information. Meeting these expectations can be challenging for mortgage servicers, who must comply with frequently changing regulatory requirements. Using e-Mortgage technology such as mortgage servicing software and web applications expedites the servicing process, but human interaction is another essential component of the "service" equation.

icon Slideshow: MCT Economic and MBS Market Outlook
February 25, 2019

Mortgage Capital Trading examines the economic and mortgage-backed securities market outlook for the year.

icon Mortgage Industry in Flux: Fewer Regulatory Headwinds, but Technology and Higher Interest Rates Present Ongoing Challenges
February 25, 2019

The era of burdensome new regulation may be over, but tougher laws, rising interest rates and new technologies, such as mortgages-by-smartphone, are reshaping the industry. And there may be some casualties along the way.

icon MBA Chart of the Week: Mortgage Delinquency Rate and Unemployment Rate
February 22, 2019

Last week, MBA Research released fourth quarter results of its National Delinquency Survey. In this week's chart, we show the relationship between the unemployment rate, supplied by the Bureau of Labor Statistics, and the mortgage delinquency rate for all loans over a 30-year period.

icon MBANow: Bob Broeksmit, CMB, on MBA National Mortgage Servicing Conference & Expo
February 20, 2019

MBA President and CEO Robert Broeksmit, CMB, joins MBANow's Rob Van Raaphorst to discuss the MBA National Mortgage Servicing Conference & Expo, taking place Feb. 25-28 in Orlando.

icon Best-in-Class eClosing Technology: What Lenders Need to Know
February 18, 2019

The message is clear: digital closings are where the industry is heading. Lenders that want to remain competitive will need to deliver these capabilities. For those that haven't already thought about what type of eClosing technology will best support their consumers and internal processes, now is the time to start.

icon Steve Schulz of Lenders One on the M&A Environment
February 18, 2019

Steve Schulz is National Programs and Product Strategy Leader with Lenders One, St. Louis. He directs the overall solutions strategy and preferred provider relationships, managing a portfolio of more than 45 products and services. He led the launch of four new Lenders One-managed services in 2018, including the L1 M&A Connector. A financial services industry veteran, he held leadership roles in product management, solutions marketing, strategy and communications with Equifax and The First American Corp., prior to joining Lenders One.

icon 100 Years Gone--A Reality for Domestic Innovation
February 18, 2019

The following is set of excerpts from the forthcoming book, Innovation Ramifications, Q2 2019, where "Personal dependence on technology, at a time of rising nationalism, populism, and shifting economic finances will usher in unexpected consequences (i.e., ramifications) shattering norms of business, ethics, security, behaviors and individual privacy." The innovation equation has changed.

icon People in the News
February 18, 2019

The Mortgage Bankers Association, parent corporation of MISMO, the mortgage industry standards organization, appointed six new members and a new chairperson to the MISMO Board of Directors.

icon MBA Chart of the Week: Current Unpaid Principal Balance of Non-Bank Commercial/Multifamily Loans
February 15, 2019

A decade ago, MBA began collecting information on volume of commercial and multifamily mortgages, held by non-bank lenders, maturing over the coming years. This week's chart, using data from our CREF Database, combines the results of multiple years' surveys and provides a timeline of the changing nature of the market.

icon mPower Moments: Geena Davis on Gender Equality
February 12, 2019

In the latest episode of mPower Moments, mPower Founder Marcia M. Davies sits down with Geena Davis, Oscar-winning actor and Founder and Chair of the Geena Davis Institute on Gender in Media, who discusses her research on gender inequality in the entertainment industry and how making strides behind the scenes in film can translate to closing the gender gap in real life.

icon The Lender's Guide to Preventing Secondary Market Leakage, Part I: Data Matters
February 11, 2019

In lenders' secondary operations, leakage can wreak a special kind of havoc that often goes unseen. The individual leaks seem like small change, but taken as a whole on an on-going basis these "nickels and dimes" can add up to a significant amount.

icon Dane Smith of Verus Mortgage Capital on Working the Non-QM Channel
February 11, 2019

Dane Smith is President of Verus Mortgage Capital, Washington, D.C., a full-service correspondent investor offering residential non-Qualified Mortgage lending services.

icon People in the News
February 11, 2019

The Mortgage Bankers Association named Tallman Johnson as Associate Vice President of Legislative Affairs, responsible for advocating on behalf of MBA's legislative and policy priorities on Capitol Hill, with a primary focus on Republican members of the U.S. Senate.

icon Jennifer Henry of Equifax and Linn Cook of Lending QB on Streamlining the Lending Process
February 11, 2019

Jennifer Henry is Vice President of Marketing for Equifax Mortgage Services. Linn Cook is Director of Sales for LendingQB, a digital mortgage solutions provider.

icon Best-in-Class eClosing Technology: What Lenders Need to Know
February 11, 2019

The message is clear: digital closings are where the industry is heading. Lenders that want to remain competitive will need to deliver these capabilities. For those that haven't already thought about what type of eClosing technology will best support their consumers and internal processes, now is the time to start.

icon MBA Chart of the Week: Applications for Home Purchase Loans
February 8, 2019

This week's chart highlights trends we saw in state level home purchase applications data from our State Mortgage Activity Report.

icon MBA Mortgage Market Update
February 6, 2019

Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Feb. 1.

icon MBA Washington Update
February 5, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Political Affairs Alden Knowlton, who discusses Senate Banking Committee Chairman Mike Crapo's framework for housing finance reform; the Administration's proposal hinted by acting FHFA Director Joseph Otting; and a final federal agency ruling on flood insurance.

icon Why Mortgage Lenders are Finally Turning to Technology
February 4, 2019

Consumer lending's fast-moving landscape has the industry asking: What's my biggest competition, and how can I prepare myself?

icon MBA Education Path to Diversity Scholar Profile: Luis Contreras
February 4, 2019

Luis Contreras is Vice President of National Accounts with MGIC, Milwaukee, Wis.

icon Risks and Rewards of Disruption in the Home Purchase Process
February 4, 2019

SAN FRANCISCO--In 2008, the conventional wisdom was "don't get in a car with strangers" and "don't make friends on the Internet." Now, said Julian Hebron, Founder of The Basis Point, San Francisco, it's "Call a stranger and get in their car and be annoyed if they don't show up in five minutes."

icon mPower: 'Entrepreneuring Your Life'
February 4, 2019

SAN FRANCISCO--"Women remain under-represented at every turn of the leadership ladder," said MBA Chief Operations Officer Marcia M. Davies and founder of mPower. "Companies need to change their policies and procedures at every level, from senior management to entry level."

icon 2019: The Year of No Tolerance Cures
February 4, 2019

Despite the clarity provided by TRID 2.0, there is still one aspect of TRID that continues to plague lenders: tolerance cures. Based on informal research, many lenders may be absorbing thousands of dollars in tolerance cures each year. Given the current environment of low housing supply, rising prices, and increased interest rates, that is an expense lenders can ill afford to incur.

icon Jennifer Henry of Equifax and Linn Cook of Lending QB on Streamlining the Lending Process
February 4, 2019

Jennifer Henry is Vice President of Marketing for Equifax Mortgage Services. Linn Cook is Director of Sales for LendingQB, a digital mortgage solutions provider.

icon MBA Chart of the Week: Measures of New Home Sales
February 1, 2019

This week's chart compares two different estimates of new home sales.

icon MBANow: MBA Opens Doors Foundation
January 30, 2019

This MBA video illustrates the work of the MBA Opens Doors Foundation, which provides mortgage and rental payment assistance grants to parents and guardians caring for a critically ill or injured child, allowing them to take unpaid leave from work and spend precious time together without jeopardizing their homes.

icon MBANow: Tom Kim on Upcoming CREF Convention/Expo
January 30, 2019

This MBANow video features MBA Senior Vice President of Commercial Real Estate Finance Thomas Kim, who discusses the upcoming MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo, taking place Feb. 10-13 in San Diego.

icon MBA Mortgage Market Update
January 30, 2019

Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Jan. 25.

icon People in the News
January 28, 2019

ClosingCorp, San Diego, hired Dori Daganhardt as senior vice president of Data Strategy, responsible for the company's data strategy and predictive analytics offerings.

icon Terrell Cassada of LoanLogics on AI and Machine Learning
January 28, 2019

Terrell Cassada is Chief Information Officer with LoanLogics, Trevose, Pa. He is responsible for document, data and rules processing software development and technologies, as well as corporate infrastructure, data center infrastructure, cloud delivery and information security.

icon 2019, A "Very Bloody Affair"--Intelligence in an Age of Political Chaos
January 28, 2019

As 2019 emerges, the economic, political, technological and governance convergence risks for financial institutions has the potential to shake a decade of rebuilding to a pile of rubble.

icon MBA Washington Update
January 28, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses the end of the partial government shutdown; the Administration's announcement on the future of Fannie Mae and Freddie Mac; and MBA's summary of new Treasury/IRS Section 199A pass-through deductions.

icon 2019: The Year of No Tolerance Cures
January 28, 2019

Despite the clarity provided by TRID 2.0, there is still one aspect of TRID that continues to plague lenders: tolerance cures. Based on informal research, many lenders may be absorbing thousands of dollars in tolerance cures each year. Given the current environment of low housing supply, rising prices, and increased interest rates, that is an expense lenders can ill afford to incur.

icon The Appraisal Industry At the Crossroads of Change and Re-invention
January 28, 2019

Appraisers and the appraisal industry today are at a crossroads. It's not an exaggeration to say the manner in which we respond to the changes coming in the upcoming years could determine whether our profession will have lasting purpose and significance, or is headed towards irrelevance--and even extinction. For some appraisers, these changes could take place as soon as the next few months.

icon Supreme Court Weighs Application of FDCPA to Non-Judicial Foreclosures
January 28, 2019

The Obduskey v. McCarthy & Holthus LLP decision should bring some nationwide clarity to the issue and ultimately could have broad consequences for mortgage servicers and their law firm agents who effect foreclosures.

icon MBA Annual Report 2018
January 25, 2019

This Mortgage Bankers Association video offers highlights from its 2018 Annual Report, which is available at www.mba.org/AnnualReport.

icon MBA Chart of the Week: CMBS Annual Issuance Volume
January 25, 2019

Issuance of commercial mortgage-backed securities dropped by 12 percent in 2018, to $77 billion.

icon MBA Mortgage Market Update
January 24, 2019

Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Jan. 18.

icon MBA Washington Update with Julienne Joseph
January 22, 2019

The Mortgage Bankers Association's latest Washington Update features MBA Assistant Director of Government Housing Programs Julienne Joseph, who discusses new Treasury/IRS guidance on Section 199A pass-through deductions; the continued partial government shutdown; and legal developments at the Federal Housing Finance Agency.

icon People in the News
January 21, 2019

The Mortgage Bankers Association promoted Alden Knowlton to Associate Vice President for Political Affairs within the Association's Legislative and Political Affairs team.

icon Slideshow: RealPage Studies Apartment Deliveries
January 21, 2019

Developers are targeting delivery of 319,000 market-rate apartments this year, nearly identical to the substantial new supply tallies from 2016, 2017 and 2018, but there are shifts in activity from one metro to another.

icon The Digital Future of Mortgage Servicing
January 21, 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 The Appraisal Industry At the Crossroads of Change and Re-invention
January 21, 2019

Appraisers and the appraisal industry today are at a crossroads. It's not an exaggeration to say the manner in which we respond to the changes coming in the upcoming years could determine whether our profession will have lasting purpose and significance, or is headed towards irrelevance--and even extinction. For some appraisers, these changes could take place as soon as the next few months.

icon MBA Chart of the Week: Recent Originations and Forecast
January 18, 2019

Our chart this week highlights MBA's current forecast for mortgage originations for 2019 through 2021.