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Monday, July 16, 2018

MBA Insights Archive

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
June 26, 2018

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

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

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

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

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

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

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

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

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

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

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

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

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

icon MBA Secondary Market Conference Survey Scorecard
June 18, 2018

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
June 12, 2018

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

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

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

icon MBA Secondary Market Conference Survey Scorecard
June 12, 2018

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

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

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

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

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

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

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

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

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

icon People in the News
June 5, 2018

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

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

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

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

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

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

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

icon Securitizing the Digital Mortgage
June 5, 2018

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

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

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

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

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

icon MBANow: Fowler Williams, CMB
May 31, 2018

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

icon MBA Mortgage Applications Update
May 30, 2018

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

icon The Big Apple Sees Slowing Rents
May 29, 2018

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

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

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

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

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

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

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

icon Securitizing the Digital Mortgage
May 29, 2018

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
May 21, 2018

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

icon Déjà Vécu: Why 2018 is a Lot Like 1976
May 21, 2018

The struggles and frequent failures surrounding organic (in-house) innovations has as much to do with complexity as it does not understanding the need for "new" approaches and an acceptance of our surroundings.

icon Profit Motives: How LO Comp Can Drive Performance and Profitability
May 21, 2018

With compensation being one of the largest expenses, many lenders are taking a sharper eye to their incentive and compensation agreements. Rather than looking at profitability and compensation as opposing forces, lenders should be re-examining their comp structures with an eye towards driving loan originator performance while also achieving better profitability.

icon 30 Years of DUS: Fannie Mae's Jeff Hayward on Risk-Sharing and Market Innovations
May 21, 2018

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

icon How to Create the Company Culture You Want
May 21, 2018

Very few companies spend adequate time on developing their corporate culture and instead just let it happen. Today, many companies try and make the working environment more fun and entertaining by offering relaxed break areas with video games, ping pong tables, pool tables, etc., to improve employee morale, but sadly they do not address underlying issues that affect employee engagement and ultimately productivity.

icon MBANow: Sara Singhas on New MBA Disaster Recovery Guide
May 18, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Associate Regulatory Counsel Sara Singhas, who discusses the new MBA Disaster Recovery Resource Guide.

icon MBA Chart of the Week: Mortgage Delinquency Rates, By Loan Type
May 18, 2018

The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.63 percent of all loans outstanding at the end of the first quarter, according to the Mortgage Bankers Association's National Delinquency Survey.

icon MBA Mortgage Applications Update
May 16, 2018

Mortgage Bankers Association Associate Vice President Joel Kan breaks down the MBA Weekly Applications Survey for the week ending May 11.

icon MBA Washington Update with Meghan Sullivan
May 15, 2018

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

icon Q&A with Linn Cook of LendingQB
May 15, 2018

Linn Cook is Director of Sales and Marketing for LendingQB, Costa Mesa, Calif., a provider of lean lending loan origination technology services. He manages all marketing, public relations and sales activities. He brings nearly 20 years of experience in the mortgage technology industry.

icon Analysis: the D.C. Court of Appeals Ruling on CFPB Constitutionality
May 15, 2018

On Jan. 31, the U.S. Court of Appeals for the District of Columbia Circuit issued its long-awaited ruling in PHH v. Consumer Financial Protection Bureau, finding that the structure of the Consumer Financial Protection Bureau is constitutional, but reinstating the previous panel decision rejecting the CFPB's interpretations of the Real Estate Settlement Procedures Act and the relevant statute of limitations.

icon How to Create the Company Culture You Want
May 15, 2018

Very few companies spend adequate time on developing their corporate culture and instead just let it happen. Today, many companies try and make the working environment more fun and entertaining by offering relaxed break areas with video games, ping pong tables, pool tables, etc., to improve employee morale, but sadly they do not address underlying issues that affect employee engagement and ultimately productivity.

icon Is the UMDP a Stepping Stone or a Road Block? Deciding Whether to Automate or Process Manually
May 15, 2018

In 2008, the mortgage industry looked bleak; we felt like it might never bounce back to the power position it once held in the decade prior. But slowly the secondary mortgage market has recovered for lenders and borrowers alike. Although time certainly does heal, we cannot attribute the market revitalization to the passage of time alone.

icon MBA Chart of the Week: Construction & Finance Sector Job Openings, Wage Growth
May 11, 2018

In this week's chart, we feature data on job openings and hourly earnings for the construction and finance sectors.

icon mPower Moments: Jan Fox on Public Speaking & Coaching
May 10, 2018

In this new series, MBA Chief Operating Officer and mPower Founder Marcia M. Davies talks with Jan Fox, an Emmy award-winning TV anchor and reporter and the owner of Fox Talks, offering public speaking coaching and training.

icon mPower Moments: Jean Bradley on Mentorships, Professional Development
May 10, 2018

In this new series, MBA Chief Operating Officer and mPower Founder Marcia M. Davies talks with Jean Bradley, Vice President of Strategic Development with Essent Guarantee, about mentorship and other support structures for professionals.

icon MBA Mortgage Applications Update
May 9, 2018

Mortgage Bankers Association Associate Vice President Joel Kan breaks down the MBA Weekly Applications Survey for the week ending May 4.

icon Slideshow: ATTOM Data Solutions on Off-Market Housing
May 8, 2018

ATTOM Data Solutions, Irvine, Calif., examines the off-market housing market.

icon People in the News
May 8, 2018

Safeguard Properties and SecureView, Cleveland, Ohio announced their founder and chairman, Robert "Mendy" Klein, passed away on May 3. He was 65.

icon Sameer Wadhwa: Key Takeaways from MBA Tech
May 8, 2018

Last month, the Mortgage Bankers Association held its annual Technology Solutions Conference & Expo in Detroit. Sameer Wadhwa, Vice President of Client Relations with Visionet, Cranbury, N.J., was on hand for the event and came back with a number of insights from the show.

icon Why You Need to Service, Energize and Attract Customers
May 8, 2018

There is one question that all retail banks ask: How can we grow? Dig beneath all the talk about profit margins, regulations, marketing campaigns and customer satisfaction surveys and the answer is in three words--Service, Energize and Attract customers.

icon Day 1 Certainty Pilot Programs: Q/A with Magesh Sarma of AmeriSave and Jennifer Henry of Equifax
May 8, 2018

In 2017, Fannie Mae expanded its Day 1 Certainty program to include partnerships with vendors in pilot programs . Two of those partners are AmeriSave, Atlanta, and Equifax, Atlanta. MBA Insights spoke with Magesh Sarma, Chief Strategy Officer with AmeriSave; and Jennifer Henry, Vice President and Vertical Marketing Leader with Equifax Mortgage Services about their experiences thus far.

icon Is the UMDP a Stepping Stone or a Road Block? Deciding Whether to Automate or Process Manually
May 8, 2018

In 2008, the mortgage industry looked bleak; we felt like it might never bounce back to the power position it once held in the decade prior. But slowly the secondary mortgage market has recovered for lenders and borrowers alike. Although time certainly does heal, we cannot attribute the market revitalization to the passage of time alone.

icon Digital Platforms: A New Frontier in the Secondary Market
May 8, 2018

We live in a digital world, and it's becoming more obvious that the world of mortgage trading is moving there as well. In fact, technology has already transformed mortgage originations, and one day very soon, technology will transform the secondary mortgage market.

icon MBA Washington Update with Bill Killmer
May 7, 2018

Mortgage Bankers Association Senior Vice President of Legislative and Political Affairs Bill Killmer discusses the recent MBA Legal Affairs and Regulatory Compliance Conference; last week's Federal Open Market Committee meeting; and the upcoming Mortgage Action Alliance Action Week (May 14-18).

icon MBA Chart of the Week: Percent of IMBs with Pre-Tax Net Income
May 4, 2018

In April, MBA Research released its Annual Performance Report containing 2017 data. Including all business lines, 80 percent of the 253 independent mortgage bankers in the study posted pre-tax net financial profits in 2017, down from 94 percent in 2016.

icon MBANow: Krissy Hefton of BOK Financial Mortgage on MBA Path To Diversity, Residential Future Leaders Programs
May 3, 2018

The Mortgage Bankers Association released a new MBANow video featuring Krissy Hefton, Vice President and Mortgage Capital Markets Product Manager for BOK Financial Mortgage discusses MBA's Path To Diversity (P2D) Scholarship and Residential Future Leaders Programs.

icon MBA Mortgage Applications Update
May 3, 2018

Mortgage Bankers Association Associate Vice President Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Apr. 27.

icon 6 Things to Do Now to Your Third-Party Risk Management Program for 2018
May 1, 2018

It's May! Where did winter go and why haven't I dived back into my 2018 vendor management program? This is certainly a common conversation we have with clients here at Venminder. By taking these six simple steps below, we can help get you on your way.

icon Q/A with Greg Holmes of Credit Plus Inc.
May 1, 2018

Greg Holmes is Managing Partner with Credit Plus Inc., Salisbury, Md., a third-party verifications company serving the mortgage industry.

icon MBA Participates in Habitat for Humanity Build
May 1, 2018

On April 20, nearly a dozen MBA employees joined up with the DC Habitat for Humanity Women Build initiative, volunteering their time and energy to construct a new home for a local family.

icon People in the News
May 1, 2018

Freddie Mac, McLean, Va., appointed Sam Khater as vice president and chief economist, responsible for providing insights and analysis on economic trends and policy issues affecting Freddie Mac and the housing market.

icon Digital Platforms: A New Frontier in the Secondary Market
May 1, 2018

We live in a digital world, and it's becoming more obvious that the world of mortgage trading is moving there as well. In fact, technology has already transformed mortgage originations, and one day very soon, technology will transform the secondary mortgage market.

icon Slideshow: ARMCO Mortgage Quality Control Industry Trends
May 1, 2018

ARMCO, Pompano Beach, Fla., looked at mortgage industry quality control trends.

icon Q/A with Deborah Dubois, President of MBA Opens Doors Foundation
May 1, 2018

Deborah Dubois serves as chief executive of the MBA Opens Doors Foundation, spearheading development and execution of a long-term strategic plan, growing the Foundation's donor base and overseeing all of its day-to-day activities. MBA Opens Doors provides rental and mortgage payment assistance to families with critically ill children, allowing parents and guardians to be by a child's side during treatment, without fear of jeopardizing their home.

icon MBA Washington Update with Kelley Williams
May 1, 2018

Mortgage Bankers Association Associate Vice President of Legislative Affairs Kelley Williams discusses the recent MBA National Advocacy Conference, HUD's new rent reform proposal and the Treasury Department's recent report on regulatory reform.

icon MBANow: Chairman-Elect Chris George on Upcoming MAA Action Week
April 27, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Chairman-Elect Chris George, who discusses the upcoming MAA Action Week (May 14-18).

icon MBANow: Kyung Cho-Miller of JPMorgan Chase on MBA Certified Mortgage Compliance Professional Designation
April 26, 2018

The Mortgage Bankers Association released a new MBANow video featuring Kyung Cho-Miller, managing director and associate general counsel with JPMorgan Chase, who discusses the newest professional certification program from MBA Education, the Certified Mortgage Compliance Professional (CMCP).

icon Tracking the Digital Evolution
April 24, 2018

Garth Graham, senior partner with STRATMOR Group, Greenwood Village, Colo., thinks of disruption in its most optimistic interpretation--in terms of possibilities and opportunities.

icon State Regulators Step Up as the CFPB Steps Back
April 24, 2018

State regulators, like nature, abhor a vacuum, and with good reason. As the current Administration changes its stance on regulations and enforcement in the areas of environmental protection, climate change, and immigration, we've seen governors, attorneys general and regulators push back against the Administration and, in some cases, step up their enforcement efforts.

icon Successors in Interest: The Final 2016 Mortgage Servicing Rule Hurdle
April 24, 2018

It is 2018, which means we're approaching the 2016 Mortgage Servicing Final Rule implementation finish line. While other portions of the final rule had already gone into effect, one last major hurdle became effective April 19 and involves Successors in Interest.

icon The Fair Housing Act at 50
April 17, 2018

Fifty years ago, on April 11, 1968, President Lyndon Johnson signed into law Title VIII of the Civil Rights Act--better known as the Fair Housing Act. "Now, with this bill, the voice of justice speaks again," Johnson said. "It proclaims that Fair Housing for all, all human beings who live in this country, is now part of the American way of life."

icon Meet the 2018 MBA Insights Tech All-Stars
April 17, 2018

This year we recognize a longtime tech "evangelist" who helped lay the groundwork for MISMO; an outside-the box thinker who is disrupting the mortgage technology marketplace; a passionate champion who is making the industry rethink reverse mortgages; an innovator who used his own experiences as a mortgage consumer to simplify and streamline the mortgage process; a no-nonsense process driver who is bringing much-needed automation to construction lending; and a visionary who recognized the value of technology in third-party verifications.

icon MBA Chart of the Week: IMB Total Production Expenses per Loan
April 13, 2018

Based on the Mortgage Bankers Association's latest Quarterly Performance Report, independent mortgage bankers' total loan production expenses--commissions, compensation, occupancy, equipment and other production expenses and corporate allocations--increased to $8,475 per loan in the fourth quarter, from $8,060 in the third quarter.

icon MBA Mortgage Applications Update
April 11, 2018

Mortgage Bankers Association Chief Economist Mike Fratantoni breaks down data from the MBA Weekly Applications Survey for the week ending Apr. 6.

icon MBANow: MBA Associate Vice President Justin Wiseman on CFPB Requests for Information
April 11, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Associate Vice President and Managing Regulatory Counsel Justin Wiseman, who discusses recent requests for information issued by the Consumer Financial Protection Bureau.

icon The Fair Housing Act at 50
April 10, 2018

Fifty years ago, on April 11, 1968, President Lyndon Johnson signed into law Title VIII of the Civil Rights Act--better known as the Fair Housing Act. "Now, with this bill, the voice of justice speaks again," Johnson said. "It proclaims that Fair Housing for all, all human beings who live in this country, is now part of the American way of life."

icon Slideshow: Current Data on FHA Trends
April 10, 2018

The Mortgage Bankers Association looks at current FHA data trends. 

icon People in the News
April 10, 2018

Auction.com, Irvine, Calif., hired Min Alexander as its Chief Operations Officer. She will lead a team of 800 professionals and will be an influencer of the strategic development of the company's marketing, data science and technology initiatives.

icon MBA, ALTA Partner on Model Online Notarization Legislation
April 10, 2018

Last month, Indiana Gov. Eric Holcomb (R) signed into law SB 372, permitting remote online notarizations in the Hoosier State. With this law, which passed nearly unanimously in the state House and Senate, Indiana joins Virginia, Montana, Texas and Nevada in a growing movement to enact such legislation. And it reflects efforts by the Mortgage Bankers Association and other industry trade groups in getting states to adopt a nationwide standard for electronic notarizations.

icon If I Only Had a Brain
April 10, 2018

Initial coin offerings may offer a prominent role for future securitization if we learn from the early failures, work with regulators and firmly grasp that innovation is never single-phase--it is has lessons learned from downloading your brain to a computer.

icon Buzzworthy with Ann Fulmer: Minimizing Vendor Risk
April 10, 2018

In the latest episode of Buzzworthy, Ann Fulmer, president of Paladin Advisory Services, shares practical advice on how lenders can minimize vendor risk. Joining Ann is guest Roger Fendelman, president of Fendelman Compliance Consulting Services.

icon MBA Chart of the Week: Top 10 Commercial/Multifamily Mortgage Originators in 2017
April 6, 2018

According to a recently released set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association, HFF; Wells Fargo; PNC Real Estate; Eastdil Secured; JPMorgan Chase & Co.; CBRE Capital Markets Inc.; Key Bank; Capital One Financial Corp.; Meridian Capital Group; and Walker & Dunlop were the top commercial and multifamily mortgage originators in 2017.

icon MBA Washington Update
April 5, 2018

Mortgage Bankers Association Associate Vice President of Legislative Affairs Dan Grattan discusses recent developments with MBA on Capitol Hill.

icon MBA Mortgage Applications Update
April 4, 2018

Mortgage Bankers Association Chief Economist Mike Fratantoni breaks down data from the MBA Weekly Applications Survey for the week ending Mar. 30.

icon MBA, ALTA Partner on Model Online Notarization Legislation
April 3, 2018

Last month, Indiana Gov. Eric Holcomb (R) signed into law SB 372, permitting remote online notarizations in the Hoosier State. With this law, which passed nearly unanimously in the state House and Senate, Indiana joins Virginia, Montana, Texas and Nevada in a growing movement to enact such legislation. And it reflects efforts by the Mortgage Bankers Association and other industry trade groups in getting states to adopt a nationwide standard for electronic notarizations.

icon Slideshow: MBA 4Q Performance Report
April 3, 2018

The Mortgage Bankers Association breaks down its fourth quarter Mortgage Bankers Performance Report.

icon Third-Party Risk Management: Why UDAAP Is Violated Most Often and the ‘4 P's'
April 3, 2018

Enforcement actions by many different regulators including Consumer Financial Protection Bureau, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. make it clear how important unfair, deceptive, or abusive acts or practices are to a solid third-party risk management program.

icon 4 Lessons on Achieving Success in Mortgage Lending: How Mortgage Professionals--New and Seasoned--Can Succeed in a Highly Competitive Marketplace
April 3, 2018

The housing market continues to recover and mortgage lending is the strongest it's been in more than a decade. But as the economy strengthens, competition is heating up. MBA Insights spoke with Margie Hennessey, regional vice president with Embrace Home Loans, Newport, R.I., on how mortgage professionals can succeed.

icon Q/A with Jim Smith, CMB, of Property Solutions
April 3, 2018

Jim Smith, CMB, is President of Property Solutions, Denver, part of the Computershare Group that includes Computershare Asset Management LLC, Computershare Title Services LLC and Computershare Valuation Solutions LLC.

icon MBA Chart of the Week: Private Job Openings/Hires; Growth in Hourly Earnings
March 30, 2018

Data from the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey shows job openings have exceeded the number of hires for nine of the past 10 months; this has been a trend for the past two years.

icon MBANow: MBA SVP Bill Killmer on Regulatory Reform
March 29, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, who discusses recent regulatory efforts on Capitol Hill and the upcoming MBA National Advocacy Conference.

icon MBA Mortgage Applications Update
March 28, 2018

Mortgage Bankers Association Chief Economist Mike Fratantoni breaks down data from the MBA Weekly Applications Survey for the week ending Mar. 23.

icon Slideshow: ATTOM Data Solutions Examines Shared Equity
March 27, 2018

ATTOM Data Solutions examines shared equity mortgages.

icon 4 Lessons on Achieving Success in Mortgage Lending: How Mortgage Professionals--New and Seasoned--Can Succeed in a Highly Competitive Marketplace
March 27, 2018

The housing market continues to recover and mortgage lending is the strongest it's been in more than a decade. But as the economy strengthens, competition is heating up. MBA Insights spoke with Margie Hennessey, regional vice president with Embrace Home Loans, Newport, R.I., on how mortgage professionals can succeed.

icon MBA Washington Update
March 27, 2018

Mortgage Bankers Association Director of Political Affairs Alden Knowlton discusses action on Capitol Hill and the upcoming MBA National Advocacy Conference.

icon Why You Need to Service, Energize and Attract Customers
March 27, 2018

Now that the U.S. has emerged from the global financial crisis, retail banks face a whole new world. Mobile technology and shifting customer preferences, coupled with the coming of age of the Millennials, have ramped up competition like never before, and put billions of dollars in revenue and profit at stake.

icon Artificial Intelligence And Mortgage Banking: Opportunities and Perils
March 27, 2018

Artificial Intelligence is coming! These words conjure up both hope and fear in many people. Hope for mortgage lenders that this is the answer to productivity costs, over-burdened staff and repurchase risk. And fear that our jobs will disappear because of it. However, most people, including those in our industry, just don't understand what AI is and what it isn't; what it will do for them or to them.

icon Pennsylvania Regulation of Mortgage Servicers
March 27, 2018

Senate Bill No. 751, now known as Pennsylvania Act No. 81 of 2017, amends Pennsylvania's Mortgage Licensing Act to provide for licensing and regulation of nonbank residential mortgage loan servicers by the Pennsylvania Department of Banking and Securities.

icon People in the News
March 27, 2018

SLK Global Solutions, Dallas, hired Eric Wilson as Senior Vice President Business Leader/Mortgage and John Sarris as Vice President Mortgage.

icon MBA Chart of the Week: Flash Polling Survey of Community Banks, Credit Unions
March 23, 2018

During the Community Bank and Credit Union Monthly Networking call on March 13, MBA surveyed mortgage executives on their anticipated production volume ($) for full-year 2018 compared to 2017.

icon MBA Mortgage Applications Update
March 22, 2018

Mortgage Bankers Association Vice President Joel Kan breaks down data from the MBA Weekly Applications Survey for the week ending Mar. 16.

icon Q/A with Raymond Eshaghian of GreenBox Loans Inc.
March 20, 2018

Raymond Eshaghian is president and founder of Greenbox Loans Inc, Los Angeles, a wholesale lender specializing in non-QM/non-prime loans.

icon CMBS: Upping the Ante on the Strip
March 20, 2018

Ten years have passed since commercial mortgage-backed securities lenders placed multiple bets in a single year on casino/hotel collateral.

icon How Feedback Loops Can Transform Origination Productivity
March 20, 2018

While mortgage loan origination has certainly benefited from impressive gains in technology--such as today's advanced origination systems and the ability to digitally interact with consumers and business partners--the mechanics of originating a new mortgage loan are much the same as they have been for decades.

icon MBA Washington Update
March 20, 2018

Mortgage Bankers Association Associate Vice President Kelley Williams discusses action on Capitol Hill and the upcoming MBA National Advocacy Conference.

icon MBA Chart of the Week: Year over Year Change in Home Purchase Applications
March 2, 2018

According to analysis of the Mortgage Bankers Association's Weekly Applications Survey, mortgage applications for home purchase loans with amounts at or near the conforming loan limit have seen sizable swings in the past few years as increases to the conforming loan limit took effect.

icon MBA Mortgage Applications Update
February 28, 2018

Mortgage Bankers Association Vice President Joel Kan breaks down data from the MBA Weekly Applications Survey for the week ending Feb. 23.

icon Building a Culture of Responsibility: Q&A with Karl Dahlgren of BAI
February 27, 2018

Karl Dahlgren is Managing Director with BAI, Chicago. He joined BAI in 2014 with more than 20 years of experience in the banking, payments and software industries. He leads the BAI Learning & Development line of business and is focused on giving financial services leaders the tools they need to confidently manage their compliance training.

icon Slideshow: Churchill Mortgage on Recruiting the Next Generation of Mortgage Pros
February 27, 2018

Churchill Mortgage, Brentwood, Tenn., examined how to recruit and train the next generation of mortgage professionals.

icon 5 Ways to Get the Most from Digital Validation
February 27, 2018

In an era when writing checks at the grocery store is an anomaly and having cash available is something people have to plan ahead for, many borrowers are jumping at the chance for a more digital mortgage process.

icon MBANow: COMBOG Chairman Byron Boston on CRE Challenges
February 26, 2018

The Mortgage Bankers Association released a new MBANow video featuring MBA Commercial Board of Governors Chairman Byron Boston, President, CEO and Co-Chief Financial Officer with Dynex Capital Inc., who discusses challenges and opportunities in the commercial real estate market.

icon MBA Chart of the Week: Homeowners' Equity and Home Equity Loans
February 23, 2018

Home equity has surpassed the previous peak of $13.4 trillion from first quarter 2006 during the past year, recovering from the great price correction that more than halved home equity positions.

icon Building a Culture of Responsibility: Q&A with Karl Dahlgren of BAI
February 20, 2018

Karl Dahlgren is Managing Director with BAI, Chicago. He joined BAI in 2014 with more than 20 years of experience in the banking, payments and software industries. He leads the BAI Learning & Development line of business and is focused on giving financial services leaders the tools they need to confidently manage their compliance training.

icon People in the News
February 20, 2018

Docutech, Scottsdale, Ariz., named Amy Brandt as CEO. Brandt, formerly president and chief operating officer, will continue to serve as the company's president and will assume the CEO role from founder Ty Jenkins, now the company's chairman.

icon Slideshow: CoreLogic Examines Loan Performance
February 20, 2018

CoreLogic, Irvine, Calif., said the mortgage delinquency rate dropped nationally but three states saw delinquency rates jump.

icon Mortgage Servicers Prepare for Next Natural Disasters
February 20, 2018

DALLAS--Politics aside, 2017 will be remembered as The Year of the Natural Disaster. The sheer strength of these disasters, all of which struck heavily populated and heavily developed areas, resulted in a gut-check for the federal government, state governments--and the mortgage servicing industry, which saw a sharp spike in mortgage delinquencies and foreclosures in the affected areas.

icon MBA Recognizes Premier, Select Members
February 20, 2018

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

icon In Memory of Ideas and Observations
February 20, 2018

Ever heard of Ernest M. Fisher? Fisher is an important man in the history of real estate finance and an astute observer of housing finance. He wrote the underwriting guidelines for the original FHA program in the 1930s, alongside 10 books about urban real estate markets, housing programs and housing policy.

icon MBA Video: mPower Moment with Jean Bradley of Essent Guaranty
February 20, 2018

In this Mortgage Bankers Association video, MBA COO Marcia Davies, founder of mPower, and Jean Bradley, Vice President of Strategic Business Development with Essent Guaranty, talk about the power of coaching and mentorship in professional development.

icon Q/A with Ben Madick of Matic
February 20, 2018

Ben Madick is co-founder and CEO of Matic, Sherman Oaks, Calif., a fast-growing insurance agency and provider of mobile and online delivery of homeowner's insurance. The company provides firm, bindable quotes in seconds from highly rated insurance carriers, expediting the process of closing a mortgage loan.

icon MBA Chart of the Week: U.S. 10-Year Treasury Yields/Dow Jones Industrials
February 16, 2018

Over the past few weeks, markets reassessed prospects for inflation following a Bureau of Labor Statistics report that wages increased 2.9 percent in January on a year over year basis after a stagnant year of growth in the 2.5-2.6 percent range.

icon Mortgage Servicers Deploy Digital Technology, Data and Analytics to Transform Customer Experience
February 13, 2018

Customer service performance across mortgage lending and servicing operations has long been an area of intense focus for financial institutions--not only because of concerns that were initially raised by the Consumer Financial Protection Bureau during the mortgage crisis years--but also because consumer expectations continue to rapidly evolve as new technology transforms their daily lives.

icon Mortgage Servicers Prepare for Next Natural Disasters
February 12, 2018

DALLAS--Politics aside, 2017 will be remembered as The Year of the Natural Disaster. The sheer strength of these disasters, all of which struck heavily populated and heavily developed areas, resulted in a gut-check for the federal government, state governments--and the mortgage servicing industry, which saw a sharp spike in mortgage delinquencies and foreclosures in the affected areas.

icon MBA Premier Member Profile: RSM US LLP
February 12, 2018

RSM US LLP is the leading provider of audit, tax and consulting services focused on the middle market, with 9,000 people in 90 offices nationwide.

icon Slideshow: Commercial Multifamily Mortgage Debt Outstanding Part II
February 12, 2018

Commercial and multifamily mortgage debt outstanding increased by $45.4 billion to $3.11 trillion in the third quarter as all four major investor groups increased their holdings, the Mortgage Bankers Association reported.

icon Q/A with Min Alexander of Altisource
February 12, 2018

Min Alexander is Senior Vice President of Real Estate Services with Altisource. She manages a $6 billion residential real estate portfolio of more than 50,000 assets annually and plays a core role in Altisource's growth plans. She leads 500 employees across business units in the U.S., Europe and Asia and oversaw the expansion of the Altisource national brokerage from 34 states in 2012 to 49 states plus Washington, D.C. in 2016.

icon CMBS Issuance Surprise: 26% Hike in 2017
February 12, 2018

The domestic private-label commercial mortgage-backed securities market rebounded handsomely last year: issuance climbed 26 percent from a lackluster 2016 to 122 deals totaling $86.4 billion.

icon Commercial/Multifamily Future Leaders Alumni: Networking for Good
February 12, 2018

What does a leadership development program graduate do to continue their professional development and serve the community at the same time? For many alumni of the MBA Commercial/Multifamily Future Leaders program, the answer is working with other future leaders in a philanthropic role.

icon MBA Chart of the Week: Conventional Conforming Fixed-Rate 30-Year Mortgage Rates
February 9, 2018

Each Tuesday, the MBA Weekly Application Survey collects data from lenders on average contract interest rates for conforming 30-year fixed-rate mortgage applications (both purchase and refinance) processed during the prior week. Freddie Mac also surveys lenders about contract rates on 30-year fixed-rate conforming purchase mortgages.

icon MBANow: MBA Chief Economist Mike Fratantoni on Rising Interest Rates
February 9, 2018

The Mortgage Bankers Association released a new video featuring MBA Chief Economist Mike Fratantoni, who discusses rising interest rates and how that could impact the real estate finance industry going forward.

icon Slideshow: ARMCO Mortgage QC Industry Trends
February 6, 2018

The leading critical defect categories for second-quarter 2017 were borrower and mortgage eligibility, credit and income/employment, reported ARMCO, Pompano Beach, Fla.

icon Three Great Ideas to Tighten Operational Efficiency
February 6, 2018

AMELIA ISLAND, FLA.--"You cannot stop being efficient," says David Lykken, President of Transformational Mortgage Solutions, Marble Falls, Texas. "The minute you stop worrying about being efficient is the time you need to worry about it the most."

icon MBA Premier Member Profile: StoneHill Group
February 6, 2018

The StoneHill Group is a veteran owned, nationwide provider of mortgage outsource solutions, including exceptional QC, Due Diligence, Fulfillment, MERs Services and FHA/VA Insuring.

icon Mortgage Servicers Deploy Digital Technology, Data and Analytics to Transform Customer Experience
February 6, 2018

Customer service performance across mortgage lending and servicing operations has long been an area of intense focus for financial institutions--not only because of concerns that were initially raised by the Consumer Financial Protection Bureau during the mortgage crisis years--but also because consumer expectations continue to rapidly evolve as new technology transforms their daily lives.

icon Smart Contracts for Smarter Lending
February 6, 2018

Lending is a contract-intensive process with an extensive lifecycle. Every step involves third-party intermediaries, a pile of paper and an incredible amount of "trust." Sure, Mr. Lender, here's a copy of my W2, bank statements, my identity on a platter. Would you like my first-born, too, or shall we hold her in escrow?

icon Crucial Labor and Employment Issues on the Line in Landmark U.S. Supreme Court Case
February 6, 2018

The U.S. Supreme Court will soon decide an employment case with far-reaching implications for employers in the mortgage banking industry and many other fields. In the case of Epic Systems Corp. v. Lewis, the Supreme Court is expected to decide whether it is legal for employment contracts to bar employees from collective legal action under the Federal Arbitration Act, or whether requiring individual arbitration in those contracts violates the National Labor Relations Act.

icon People in the News
February 6, 2018

The Mortgage Bankers Association appointed Sharon Walker as Associate Vice President of Multifamily.

icon Q/A with Neil Fraser of Paradatec
February 6, 2018

Neil Fraser is Director of U.S. Operations with Paradatec, Cincinnati, Ohio, a mortgage optical character recognition technology organization that automates the data entry operations of large lenders through intelligent document analysis. He was Paradatec's first U.S. employee and has grown the organization every year since the company incorporated here in 2002.

icon MBA Chart of the Week: CMBS Annual Issuance Volume
February 2, 2018

This week's chart shows annual private-label commercial mortgage-backed securities issuance volumes over the past 12 years, where CMBS AAA spreads to swaps are averaged for the year.

icon MBA Peer Business Roundtable Video
February 2, 2018

In this Mortgage Bankers Association video, MBA provides a behind-the-scenes look at the MBA Peer Business Roundtables program. For more information about the program, click https://www.mbastratmor.com/.

icon Three Great Ideas to Tighten Operational Efficiency
January 30, 2018

AMELIA ISLAND, FLA.--"You cannot stop being efficient," says David Lykken, President of Transformational Mortgage Solutions, Marble Falls, Texas. "The minute you stop worrying about being efficient is the time you need to worry about it the most."

icon Q&A with Maria Moskver of LenderLive
January 30, 2018

Maria Moskver is General Counsel & Enterprise Compliance Officer with LenderLive, Glendale, Colo., a mortgage services provider. She has more than 20 years of experience in consumer financial services, including loss mitigation, bankruptcy and operations.

icon In 2018, 'The Day the Music Died'
January 30, 2018

Financial institutions, including mortgage firms, need to approach 2018 as a sea change of innovations and behaviors, which will permanently transform their operations and margins--fittingly and nostalgically like Don McLean's song American Pie. The kings are dead; long live the jester.

icon The MBA Interview: Camillo Melchiorre, President of IndiSoft
January 30, 2018

IndiSoft, Columbia, Md., a technology development firm that specializes in systems for the financial services industry, named Camillo Melchiorre president this past August. Melchiorre has more than 30 years of experience in many areas of the mortgage industry, has been a featured speaker during several industry events and author of numerous articles that have appeared in leading industry publications.

icon Slideshow: Commercial and Multifamily Mortgage Debt Outstanding
January 30, 2018

Commercial and multifamily mortgage debt outstanding increased by $45.4 billion--or 1.5 percent--to $3.11 trillion in the third quarter as all four major investor groups increased their holdings, the Mortgage Bankers Association reported.

icon Sexual Harassment: An mPower Community Conversation
January 30, 2018

As the leading voice for the real estate finance industry, the Mortgage Bankers Association created mPower to provide a platform for women to strengthen their networks, achieve professional growth and development, and to exchange ideas and information about our industry. Our community started as a conversation about the place women have in this industry, and the realization that we needed to continue that conversation year-round.

icon MBA Chart of the Week: Purchase Mortgage Applications Index
January 26, 2018

This week's chart shows the Mortgage Bankers Association's purchase mortgage application index, which is based on loan counts, without any seasonal or holiday adjustments.

icon Q&A with Josh Friend of InSellerate
January 24, 2018

Josh Friend is founder and CEO of InSellerate, a Costa Mesa, Calif.-based mortgage customer relationship management provider that helps mortgage companies maximize their sales leads and convert them into closed customers.

icon What 2018 Holds for Mortgage Loan Originators
January 24, 2018

Year after year our industry is impacted by change, and it seems as though each year is more interesting than the last. After some analysis of trends leading us into 2018, we believe that next year will not let us down. In this short article, we'll give you an idea of what we expect to see coming in the year ahead for mortgage loan originators.

icon MBA 2017 Annual Report Video
January 24, 2018

In this MBA video, the Mortgage Bankers Association presents its 2017 annual report.

icon MBA Premier Member Profile: National Real Tax Tracking
January 24, 2018

National Real Tax Tracking brings more than 65 years of combined experience in the property tax servicing industry from its founders and partners.

icon MBA Mortgage Applications Update
January 24, 2018

Mortgage Bankers Association Vice President Lynn Fisher breaks down data from the MBA Weekly Applications Survey for the week ending Jan. 19.

icon Slideshow: ATTOM Data Solutions Trump Housing Bump
January 24, 2018

Counties won by Donald Trump have seen an increase in home sales volume compared to counties Hillary Rodham Clinton won in 2016.

icon Sexual Harassment: An mPower Community Conversation
January 24, 2018

As the leading voice for the real estate finance industry, the Mortgage Bankers Association created mPower to provide a platform for women to strengthen their networks, achieve professional growth and development, and to exchange ideas and information about our industry. Our community started as a conversation about the place women have in this industry, and the realization that we needed to continue that conversation year-round.

icon mPower Moves With--And Ahead--of the Times
January 24, 2018

The brainchild of MBA Chief Operating Officer Marcia Davies, MBA Promoting Opportunities for Women to Extend their Reach--better known as mPower--provides a platform for women to strengthen their networks, achieve professional growth and development and exchange ideas and information about the real estate finance industry and broader economy.

icon Industry's Diversity Aspirations Undercut by Subculture of Disrespect
January 24, 2018

Although I am encouraged to see the mortgage industry address issues related to "racial, gender, sexual orientation and ethnic diversity" (as cited on the Mortgage Bankers Association's Diversity and Inclusion Initiatives website), I am nonetheless troubled by a pernicious trait in our industry--one that is at best detrimental, but at times far riskier.

icon MBA Chart of the Week: Actual and Tentative MBS Reinvestment Purchases
January 19, 2018

Beginning this past October, the Federal Open Market Committee reduced its reinvestment of mortgage-backed securities principal payments by $4 billion a month, thereby allowing its nearly $2.5 trillion MBS portfolio to begin to slowly run-off.

icon MBA Mortgage Applications Update
January 18, 2018

Mortgage Bankers Association Vice President Joel Kan breaks down data from the MBA Weekly Applications Survey for the week ending Jan. 12.

icon MBANow: MBA's William Kooper on a Unified Legislative Approach to Online Notarization
January 17, 2018

The Mortgage Bankers Association released a new video featuring MBA Vice President of State Government Affairs and Industry Relations William Kooper, who discusses an MBA-sponsored Remote Online Notarization model legislation for states.

icon MBA Chairman Dave Motley, CMB, Preview MBA National Mortgage Servicing Conference & Expo
January 17, 2018

In this MBA video, Mortgage Bankers Association Chairman Dave Motley, CMB, previews the MBA National Mortgage Servicing Conference & Expo, taking place Feb. 6-9 in Dallas.

icon Slideshow: CoreLogic Examines Home Price Growth
January 16, 2018

CoreLogic, Irvine, Calif., said home prices grew more than 6 percent year-over-year for the fourth consecutive month.

icon mPower Moves With--And Ahead--of the Times
January 16, 2018

The brainchild of MBA Chief Operating Officer Marcia Davies, MBA Promoting Opportunities for Women to Extend their Reach--better known as mPower--provides a platform for women to strengthen their networks, achieve professional growth and development and exchange ideas and information about the real estate finance industry and broader economy.

icon People in the News
January 16, 2018

Cloudvirga, Irvine, Calif., hired Jim Portner as chief product officer and Sean McEvoy as Chief Customer Officer.

icon Q&A with Matthew Tomiak of Redwood Trust Inc.
January 16, 2018

Matthew J. Tomiak is managing director with Redwood Trust Inc., Mill Valley, Calif., the largest U.S. issuer of jumbo private-label mortgage-backed securities. He helps manage Redwood's jumbo loan conduit and securitization programs and is a frequent speaker and author on structured finance and securitization in the mortgage industry.

icon Invest in Yourself and Earn Your CMB
January 16, 2018

The Mortgage Bankers Association's Certified Mortgage Banker designation through MBA Education is considered one of the most robust mortgage-specific designations available. I recently had the opportunity to study the course with 29 fellow industry colleagues.

icon Customer Service in Financial Firms Powered By Artificial Intelligence & Predictive Analytics
January 16, 2018

Over the years, banks and other financial firms have adopted advancements in technology, such as the Internet, online banking and smartphones  into their business performances. Another major change in the customer service industry is already in the works.

icon MBANow: MBA Chairman Dave Motley, CMB, on VA Loan ‘Churning'
January 12, 2018

The Mortgage Bankers Association released a new video featuring MBA Chairman Dave Motley, CMB, who discusses his recent testimony on Capitol Hill and how the lending community is addressing "churning" of VA loans.

icon MBA Chart of the Week: Census vs. MBA--New Home Sales Estimates (Not Seasonally Adjusted)
January 12, 2018

The Mortgage Bankers Association estimates new single-family home sales were running at a seasonally adjusted annual rate of 554,000 units in December, or 40,000 units on an unadjusted basis, based on data from our Builder Application Survey.

icon Buzzworthy with Ann Fulmer: Pilot Programs
January 9, 2018

In the latest episode of her Buzzworthy podcast series, Ann Fulmer, chief strategy and industry relations officer for automated asset verification provider FormFree, Atlanta, suggests steps lenders should take to make the most of GSE pilots and other industry initiatives--whether they are participating in those pilots or not.

icon Is It Time for A Repurchase Reserve Release?
January 9, 2018

Lenders generally reserve against GSE repurchase exposure by setting aside a certain percentage of the original balance at origination for future repurchases. Considering the vast change in underwriting standards and guidelines from the loose underwriting standards before the global financial crisis of 2008 to today's very tight underwriting standards, it is time to re-evaluate how much is set aside for this exposure.

icon MBA Premier Member Profile: Info-Pro
January 9, 2018

Info-Pro has been helping residential, commercial and agricultural lenders of all sizes manage risk and reduce costs while improving operational efficiencies related to servicing their mortgage loan portfolio.

icon Should We Worry about Slowing Renter Occupancy in Favor of Owner Occupancy? No, Here's Why
January 9, 2018

Data suggests that only a few metros are contributing to a renting-to-owning shift. Deciphering which are and which are not is critical--as is understanding what is driving this shift at the local level.

icon Customer Service: Powered By Artificial Intelligence & Predictive Analytics
January 9, 2018

Over the years, banks and other financial firms have adopted advancements in technology, such as the Internet, online banking and smartphones into their business performances. Another major change in the customer service industry is already in the works.

icon Slideshow: ClosingCorp Examines Closing Costs
January 8, 2018

ClosingCorp, San Diego, said closing costs were well above average on both coasts and well below the average through most of the Midwest.

icon MBA Chart of the Week: Monthly Payroll Growth
January 5, 2018

The final employment report for 2017 released Friday by the Bureau of Labor Statistics reported a gain of 148,000 jobs in December.

icon MBA VP Jamie Woodwell on 3rd Quarter DataBook
January 5, 2018

In a new Mortgage Bankers Association video, MBA Vice President of Commercial Real Estate Research Jamie Woodwell discusses findings of the MBA 3rd Quarter Commercial Real Estate Research DataBook.

icon Is It Time for A Repurchase Reserve Release?
January 2, 2018

Lenders generally reserve against GSE repurchase exposure by setting aside a certain percentage of the original balance at origination for future repurchases. Considering the vast change in underwriting standards and guidelines from the loose underwriting standards before the global financial crisis of 2008 to today's very tight underwriting standards, it is time to re-evaluate how much is set aside for this exposure.

icon 2018 CMBS Preview
January 2, 2018

Eric Thompson and Larry Kay of Kroll Bond Rating Agency, New York, look at 2018 commercial mortgage-backed securities issuance and credit trends.

icon Assessing Risk Associated with Natural Disasters
January 1, 2018

In both natural and man-made disasters, the real estate lender and mortgage servicer are faced with the potential that their borrower's property may have been seriously damaged or destroyed, their customer's income and employment may be affected and their ability to maintain their current mortgage payments may be at risk. Compassion, understanding and forbearance are required by the lender and mortgage servicer in these delicate situations.

icon MBA Premier Member Profile: Sutherland
January 1, 2018

As a process transformation company, Sutherland rethinks and rebuilds processes for the digital age by combining the speed and insight of design thinking with the scale and accuracy of data analytics.

icon Slideshow: MBA Quarterly Mortgage Bankers Performance Report
January 1, 2018

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

icon Dearly Departed Vendor: I Want My Data Back
January 1, 2018

It's important to retrieve Non-Public Personal Information data after a contract has ended. There is a tremendous amount of focus on key issues when boarding a vendor and emphasis is given to data security pertaining to the borrowers non-public and personal information.

icon Bank Branches Need to Undergo a Transformation in Today's Digital Age
January 1, 2018

A Federal Reserve study confirmed a growing trend among the younger, tech-savvy generation: nearly 70 percent of those between the ages of 18 and 29 who have a bank account and a smartphone use mobile banking. With more people using their phones for financial services, it's hardly a surprise that this technology is increasingly being used for mortgage approvals, once a mainstay of branch banking.

icon Nominations for MBA Insights 2018 Tech All-Star Awards Deadline Jan. 19
December 29, 2017

The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2018 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 19.

icon mPowering You Recap Video
December 28, 2017

The Mortgage Bankers Association released a new video, a recap of the recent mPowering You event held prior to the recent MBA Annual Convention & Expo in Denver.

icon MBA Chart of the Week: FHFA Experimental Zip Code Level House Price Index for 60093
December 21, 2017

icon MBANow: MBA SVP Bill Killmer Discusses Commercial/Multifamily Implications of Tax Bill
December 21, 2017

The Mortgage Bankers Association released a new video featuring MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, who breaks down the impact the recently passed tax reform law will have on MBA's Commercial/Multifamily members.

icon MBA Opens Doors Celebrates Successful 2017
December 21, 2017

The Mortgage Bankers Association Opens Doors Foundation announced it raised a record $1.8 million in calendar year 2017, furthering its mission to help families meet their housing costs while dealing with a critically ill or injured child receiving medical treatment.

icon A New Tool for Spotting Housing Bubbles
December 19, 2017

Wouldn't it be great to know if home prices are over- or undervalued? It's a question that has challenged economic experts for decades, but we may be getting closer to a solution. It starts with the concept of a "fundamental value" for housing, an estimate of the underlying economic value to which prices tend to gravitate when not overly influenced by short-term factors, fads or unrealistic expectations.

icon Q/A with Brian Olasov of Carlton Fields
December 19, 2017

Brian Olasov is Executive Director of Financial Services Consulting with Carlton Fields, New York, where he provides financial due diligence on distressed mortgage loans, portfolios and institutions including credit restructuring, valuation, bulk sales and securitization.

icon Leading By Example
December 19, 2017

WASHINGTON--Diversity and inclusion is no longer a concept; it's a reality that is changing businesses all over the country--particularly the real estate finance industry.

icon MBANow: Susan Milazzo on MBA State & Local Workshop
December 19, 2017

The Mortgage Bankers Association released a new MBANow video featuring Susan Milazzo, executive director of the California Mortgage Bankers Association, who discusses the value of the upcoming MBA State & Local Workshop, taking place Apr. 23-24 in Washington, D.C.

icon mPower: MBA COO Marcia Davies & NAMMBA Founder Tony Thompson, CMB
December 19, 2017

The Mortgage Bankers Association released a new video featuring MBA Chief Operating Officer Marcia Davies and National Association of Minority Mortgage Bankers of America founder Tony Thompson, CMB, who discuss the upcoming NAMMBA Connect conference in April.

icon MBA Chart of the Week: IMB Servicing
December 15, 2017

This week's chart examines the operating liquidity of a sample of Independent Mortgage Bank Servicers.

icon MBA Mortgage Applications Update
December 15, 2017

Mortgage Bankers Association Vice President Joel Kan breaks down data from the MBA Weekly Applications Survey for the week ending Dec. 8.

icon Q/A with Mike Riddle of Mortgage Resources Group LLC
December 12, 2017

Michael Riddle is managing director of Mortgage Resources Group LLC, Dallas, responsible for overall operations of the firm, which compliant disclosure and documentation systems to single-family mortgage lenders throughout the country.

icon People in the News
December 12, 2017

FormFree, Athens, Ga., announced Faith Schwartz has been elected to its board of directors.

icon Serving the Interest of the Status Quo
December 12, 2017

Widespread banking commoditization underpinned by regulations has created a banking system out-of-date with economic reality. As a key regulator said, "Such dogma props up bureaucracies that maintain the separation and serves the interest of the status quo without regard to why the separation exists in the first place or whether the separation has any usefulness for today's economy."

 

icon MBANow: MBA Economist Marina Walsh on Mortgage Industry Performance
December 12, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Industry Analysis, who discusses the latest MBA quarterly Performance Report and previews the upcoming MBA Mergers & Acquisition Workshop.

icon Creating New Opportunities to Build Wealth, Homeownership and Diversity
December 12, 2017

The Center for Financial Advancement--a partnership involving HomeFree-USA, the Mortgage Bankers Association, Wells Fargo and Freddie Mac--launched this past September, focusing on career opportunities and financial education at Historically Black Colleges and Universities. It is designed to promote financial literacy, homeownership and expand diversity and inclusion in the mortgage industry, with the goal of preparing African-Americans both for homeownership and for an empowered life with financial freedom.

icon MBANow: Alan Thorup on MBA State & Local Workshop
December 12, 2017

The Mortgage Bankers Association released a new MBANow video featuring Alan Thorup, CRMP, Executive Director of the Indiana Mortgage Bankers Association, who discusses the value of the upcoming MBA State & Local Workshop, taking place Apr. 23-24 in Washington, D.C.

icon Slideshow: CoreLogic Homeowner Equity Report Highlights
December 12, 2017

CoreLogic, Irvine, Calif., said homeowner equity increased by more than $870 billion over the last 12 months--the largest increase in more than three years.

icon Leading By Example
December 12, 2017

WASHINGTON--Diversity and inclusion is no longer a concept; it's a reality that is changing businesses all over the country--particularly the real estate finance industry.

icon MBA Chart of the Week: Multifamily Lending By Banks; Net Change in Bank Multifamily Mortgage Holdings
December 8, 2017

One of the key puzzle pieces in sizing the multifamily lending market is assessing the level of multifamily lending taking place for bank balance sheets in real time.

icon MBANow: MBA Vice Chair Brian Stoffers, CMB, on CREF ‘18
December 8, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Vice Chair Brian Stoffers, CMB, on the upcoming MBA Commercial Real Estate Finance/Multifamily Housing Conference & Expo.

icon MBA Mortgage Applications Update
December 7, 2017

Mortgage Bankers Association Vice President Joel Kan breaks down data from the latest MBA Weekly Applications Survey.

icon Q/A with Tom Rutledge of Rutledge Claims Management
December 5, 2017

Thomas Rutledge is president and co-founder of Rutledge Claims Management, Poway, Calif., a provider of hazard claims management services to mortgage servicers and investors nationwide. He also serves as managing director of Rutledge and Associates, Attorneys at Law APC, and has more than 30 years of experience in real estate, insurance, foreclosure, bankruptcy and title matters.

icon Common Red Flags Encountered in Vendor Oversight Assessments
December 5, 2017

Third-party risk management is a constant cycle of dotting the i's and crossing the t's. With oversight guidelines from the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, there is plenty of material about what vendor managers should be doing to effectively manage their vendors.

icon Customers Are Complex. So Why Is the Data Polling Them Not?
December 5, 2017

Bank customers have changed dramatically over the past decade, as has their relationship with the banks they use. Yet, the way banks study and evaluate these very complex customers hasn't kept pace. That means the data banks are collecting on customers won't help them to make decisions on service now or in the future.

icon The MBA Insights Interview: Rick Thornberry of Radian Group Inc.
December 5, 2017

Richard Thornberry was appointed CEO of Radian Group Inc., Philadelphia, in March, following the retirement of S.A. Ibrahim. He spoke with MBA Insights regarding his transition, challenges facing the mortgage insurance industry and the current regualtory environment.

icon Creating New Opportunities to Build Wealth, Homeownership and Diversity
December 5, 2017

The Center for Financial Advancement--a partnership involving HomeFree-USA, the Mortgage Bankers Association, Wells Fargo and Freddie Mac--launched this past September, focusing on career opportunities and financial education at Historically Black Colleges and Universities. It is designed to promote financial literacy, homeownership and expand diversity and inclusion in the mortgage industry, with the goal of preparing African-Americans both for homeownership and for an empowered life with financial freedom.

icon MBA Recognizes Premier, Select Members
December 5, 2017

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: FHFA Expanded-Data House Price Growth by Metro
December 1, 2017

This past week, the Federal Housing Finance Agency released the Expanded-Data House Price Index for the third quarter.

icon MBA Mortgage Applications Update
November 29, 2017

Mortgage Bankers Association Vice President of Research and Economics Lynn Fisher breaks down data from the latest MBA Weekly Applications Survey.

icon MBA Premier Member Profile: Hilltop Advisors
November 28, 2017

Hilltop Advisors is our mortgage consulting firm that is an affiliate of The Hilltop Companies group.

icon One Year After Trump Win, Compliance Continues to Be Hot Topic for Lenders
November 28, 2017

A year ago this month, Donald Trump was elected president. At that time, many observers believed that this would lead to a quick and dramatic rollback of regulations and that lenders would get a "hall pass" when it came to enforcement activities.

icon Q/A with Pam Perdue of Continuity
November 28, 2017

Pam Perdue is Chief Regulatory Officer and Executive Vice President with Continuity, New Haven, Conn. She is a regulatory expert with more than 20 years of experience in compliance. She has served as a chief compliance officer, an educator and consultant for regional and national organizations and as a Senior Examiner with the Federal Reserve.

icon Slideshow: Mortgage Bankers Association National Delinquency Survey
November 28, 2017

The Mortgage Bankes Association's 3rd Quarter National Delinquency Survey shows new trends in mortgage delinquencies and foreclosures.

icon 2017 MBA Annual Convention Survey Scorecard
November 28, 2017

Tom Lamalfa of TSL Consulting delivers his semi-annual survey of mortgage executives from the recent MBA Annual Convention & Expo in Denver.

icon The MBA Insights Interview: Rick Thornberry of Radian Group Inc.
November 28, 2017

Richard Thornberry was appointed CEO of Radian Group Inc., Philadelphia, in March, following the retirement of S.A. Ibrahim. He spoke with MBA Insights regarding his transition, challenges facing the mortgage insurance industry and the current regualtory environment.

icon MBA Chart of the Week: Frequently Consumed Thanksgiving Item Prices
November 22, 2017

Overall inflation as measured by the Consumer Price Index slowed slightly in October 2017, decelerating to a 2.0 percent year over year growth rate from 2.2 percent in September, according to the most recent data published by the Bureau of Labor Statistics.

icon 2017 MBA Annual Convention Survey Scorecard
November 21, 2017

Tom Lamalfa of TSL Consulting delivers his semi-annual survey of mortgage executives from the recent MBA Annual Convention & Expo in Denver.

icon MBANow: MBA Vice Chairman Brian Stoffers, CMB
November 21, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Vice Chairman Brian Stoffers, CMB, who discussed his new role with the association at the recent MBA Annual Convention & Expo in Denver.

icon People in the News
November 21, 2017

IndiSoft, Columbia, Md., added Hans Rusli and Amit Sheth to its advisory board.

icon MBA Now: Radian's Derek Brummer on Mortgage Risk Factors
November 21, 2017

The Mortgage Bankers Association released a new MBANow video featuring Derek Brummer, chief risk officer with Radian, Philadelphia, who discussed key risk factors in the mortgage market at the recent MBA Annual Convention & Expo in Denver.

icon Q/A with Kevin Brungardt of Roundpoint Mortgage Servicing Corp.
November 21, 2017

Kevin Brungardt is Chairman and CEO of RoundPoint Mortgage Servicing Corp., Charlotte, N.C. He has more than 22 years of broad executive leadership experience.

icon MBANow: Arch Global Mortgage Group CEO Andrew Rippert
November 21, 2017

The Mortgage Bankers Association released a new MBANow video featuring Arch Global Mortgage Group CEO Andrew Rippert, who discussed diversity and inclusion at the recent MBA Annual Convention & Expo in Denver.

icon MBANow: MBA Chairman Dave Motley, CMB
November 21, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Chairman Dave Motley, CMB, who discussed his goals as Chairman at the recent MBA Annual Convention & Expo in Denver.

icon Q/A with Curt Tegeler, CEO and President of WebMax LLC
November 21, 2017

Curt Tegeler is President and CEO of WebMax LLC, Turnersville, N.J. He founded WM MortgageWare LLC, DBA WebMax, a digital solution and software development firm, in 2015.

icon Slideshow: MBA Economic and Mortgage Finance Outlook Part II
November 21, 2017

At its recent Annual Convention, the Mortgage Bankers Association provided its outlook for both the economy and real estate finance.

icon MBANow: MBA Chairman-Elect Chris George
November 21, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Chairman-Elect Chris George, who discusses his career and his new MBA role at the recent MBA Annual Convention & Expo in Denver.

icon MBA Chart of the Week: Net Change in Households, by Structure Type and Tenure
November 17, 2017

We tend to equate owner-occupied housing with single-family homes and renter-occupied housing with multifamily apartment complexes. And traditionally that was largely the case.

icon MBA Mortgage Applications Update
November 16, 2017

Mortgage Bankers Association Vice President of Research and Economics Lynn Fisher breaks down data from the latest MBA Weekly Applications Survey.

icon MBA Premier Member Profile: QuestSoft Corp.
November 14, 2017

QuestSoft Corp. is a leading provider of compliance software and services to more than 2,500 banks, credit unions and mortgage lending companies.

icon Why Satisfaction Data Misses What Customers You Don't Yet Have Really Want
November 14, 2017

These days, a high customer satisfaction score means almost nothing when it comes to winning new business.

icon Are We a Fit? Gain Cultural Alignment Between You and Your Vendor
November 14, 2017

With any successful partnership, there should be an agreed-upon level of understanding between both parties. In this piece, we will look a little deeper, past the dinner with the executive team, past the free trial, even past the special team assigned to your account to get your business up and running. Basically, we will look to your vendor partnership post-honeymoon.

icon MBA Diversity & Inclusion Interview: Keith Bickel
November 14, 2017

Keith Bickel is the Neighborhood Lending and Mortgage Policy Executive for Bank of America, responsible for identifying opportunities to drive successful homeownership among low-to moderate-income borrowers, underserved communities and multicultural borrowers across the economic spectrum as well as managing federal policy relationships on behalf of Bank of America's mortgage business.

icon Q/A with Curt Tegeler, CEO and President of WebMax LLC
November 14, 2017

Curt Tegeler is President and CEO of WebMax LLC, Turnersville, N.J. He founded WM MortgageWare LLC, DBA WebMax, a digital solution and software development firm, in 2015.

icon ‘The Time to Act on Comprehensive Legislative Reform is Now'
November 14, 2017

Mortgage Bankers Association President and CEO David Stevens, CMB, testified before the House Financial Services subcommittee on Housing and Insurance on Capitol Hill on Thursday, Nov. 2.

icon MBANow: Kevin Wall of First American Mortgage Solutions
November 14, 2017

The Mortgage Bankers Association released a new MBANow video featuring Kevin Wall, CEO of First American Mortgage Solutions, Santa Ana, Calif., who discussed latest industry trends at the recent MBA Annual Convention & Expo in Denver.

icon MBANow: Joe Tyrrell of Ellie Mae on Digital Mortgage, Millennials
November 13, 2017

The Mortgage Bankers Association released a new MBANow video featuring Joe Tyrrell, Executive Vice President of Corporate Strategy with Ellie Mae, Pleasanton, Calif., who discussed the fully digital mortgage, latest market trends and the ongoing impact the Millennial generation is having on the mortgage industry at the recent MBA Annual Convention & Expo in Denver.

icon MBA Chart of the Week: Veterans Administration Purchase Mortgage Originations
November 12, 2017

There were nearly 365,000 VA loans for home purchase recorded by HMDA-reporting institutions in 2016, up from 325,000 loans in 2015 and 110,000 loans in 2007. As a share of all purchase loans reported in HMDA, VA home purchase lending grew to 9.2 percent in 2016 from just 2.4 percent in 2007.

icon MBANow: Radian Chief Franchise Officer Brien McMahon
November 9, 2017

The Mortgage Bankers Association released a new MBANow video featuring Brien McMahon, chief franchise officer with Radian Guaranty, Philadelphia, who discusses the current state of the mortgage insurance market and the company's participation with MBA.

icon The MBA Insights Interview: Carlos Sa, Head of IT with Mortgage Network Inc.
November 7, 2017

Carlos Sa is head of Information Technology with Mortgage Network Inc., Danvers, Mass., a large independent mortgage lender.

icon MBA Education Journey to India Yields 29 Accredited Mortgage Professionals
November 7, 2017

Last year, MBA Education took a trip halfway around the world. Last month, the trip bore fruit, as 29 mortgage professionals in Bengaluru (Bangalore), India, earned their Accredited Mortgage Professional (AMP) designation, the largest such group of designees outside of North America.

icon Slideshow: CoreLogic HPI Forecast Validation Report
November 7, 2017

CoreLogic, Irvine, Calif., illustrates highlights of its first HPI Forecast Validation Report.

icon MBA Education Honors Smolik with Willis Bryant Award
November 7, 2017

MBA Education presented its 2017 Willis Bryant Award to Steven Smolik, Business Advisor with USAA, San Antonio, Texas.

icon ‘The Time to Act on Comprehensive Legislative Reform is Now'
November 3, 2017

Mortgage Bankers Association President and CEO David Stevens, CMB, testified before the House Financial Services subcommittee on Housing and Insurance on Capitol Hill on Thursday, Nov. 2.

icon MBA Chart of the Week: 2016 Share of Mortgages with Balances >$500k by State
November 3, 2017

Seven percent of first-lien home purchase mortgage balances originated in the U.S. in 2016 exceeded $500,000, according to an MBA analysis of Home Mortgage Disclosure Act data.

icon Mapping the Course Toward Housing Finance Reform
November 2, 2017

DENVER--The odds of comprehensive housing finance reform this year have never been better, said officials here at the recent Mortgage Bankers Association Annual Convention & Expo. But some analysts, while hopeful, are not so sure.

icon MBA Hires Hopkins as Director of Strategic Member Relations
November 2, 2017

The Mortgage Bankers Association appointed Laura Hopkins as Director of Strategic Member Relations. She will join the Association's Member Engagement Team (M-Team), where she will report to Tricia Migliazzo, Vice President of Member Engagement.

icon Buzzworthy with Ann Fulmer: Consumer Data Protection
October 31, 2017

In the latest episode of her Buzzworthy podcast series, Ann Fulmer, chief strategy and industry relations officer for automated asset verification provider FormFree, Atlanta, reviews trends in cybercrime and gives lenders a peek into what the future holds for consumer data protection.

icon Times Are a-Changing for the Off-Price Department Store
October 31, 2017

For years, department stores watched as off-price retailers such as Ross Stores and TJ Maxx lured value-oriented shoppers by selling brand-name goods at steep discounts. It took a while for many department stores to warm up to the off-price concept, perhaps due to cannibalization or brand dilution concerns. That has changed.

icon 10 Best Practices in Preparing for a CFPB Vendor Management Exam
October 31, 2017

If you're an approved seller servicer with Fannie Mae, then no doubt your organization has gone through the Fannie Mae MORA assessment. MORA stands for Mortgage Origination Risk Assessment. This is a great fundamental risk assessment practice that can be leveraged for any departmental risk oversight exam prep when your state or federal regulator comes to town.

icon War on Attrition: How Your Data Fails To See the Customers Who Are Ready To Leave
October 31, 2017

The eruption of mobile banking and a worldwide financial crisis that shook consumer confidence have altered forever how customers interact with their financial institutions. Banks that hope to ensure future growth need to find ways to not only attract new customers, but also keep their existing one from walking out the door. Too many banks, however, battle customer attrition armed with incomplete data.

icon MBA Premier Member Profile: Milliman
October 31, 2017

Milliman is dedicated to delivering customized and cost-effective solutions to measuring and managing the unique risks associated with originating and servicing mortgages, providing credit enhancement and conducting risk share analytics.

icon Slideshow: MBA Economic and Mortgage Finance Outlook
October 31, 2017

The Mortgage Bankers Association presents its 2018 Housing and Economic Forecast.

icon Mapping the Course Toward Housing Finance Reform
October 30, 2017

DENVER--The odds of comprehensive housing finance reform this year have never been better, said officials here at the recent Mortgage Bankers Association Annual Convention & Expo. But some analysts, while hopeful, are not so sure.

icon ‘This is Not a Sideline Sport'
October 30, 2017

Mortgage Bankers Association President and CEO David Stevens, CMB, delivers his keynote address at the recent MBA Annual Convention & Expo in Denver.

icon MBA Chart of the Week: Mortgage Originations 2011-2019
October 27, 2017

The Mortgage Bankers Association's most recent forecast released last week estimates home purchase originations will increase at a faster clip in 2018, nearly double the rate that they increased in 2017, to $1.2 trillion.

icon MBA's Diversity & Inclusion Award Winners: Walking the Walk, Talking the Talk
October 23, 2017

For the five companies recognized this year by the Mortgage Bankers Association for their efforts in promoting diversity and inclusion in the workplace, actions speak louder than words.

icon 'We Won't Back Down'
October 23, 2017

The following is the keynote address by new Mortgage Bankers Association Chairman Dave Motley, CMB, at the MBA Annual Convention & Expo in Denver on Monday, Oct. 23.

icon ‘This is Not a Sideline Sport'
October 23, 2017

Mortgage Bankers Association President and CEO David Stevens, CMB, delivers his keynote address at the MBA Annual Convention & Expo in Denver on Monday, Oct. 23.

icon Video: Residential Real Estate Finance Careers
October 22, 2017

The Mortgage Bankers Association released a new video in which mortgage professionals discuss benefits of Residential Real Estate Finance careers.

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

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

icon MBANow: MBA Annual Convention Preview
October 18, 2017

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

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

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

icon Four Months Later: How Lenders Have Responded to Removal of Lien and Judgment Data
October 17, 2017

In July, the nationwide consumer reporting agencies came to an agreement with state attorneys general that resulted in removing significant amounts of lien and judgment data from their files. Our engagement with all parts of the housing finance ecosystem tell us that reactions to the removal of L&J data have led to "fork-in-the-road decisions" pending any additional guidance or input.

icon MBA Premier Member Profile: Dart Appraisal
October 17, 2017

Dart Appraisal is an independent, nationwide Appraisal Management Company founded in 1993.

icon The MBA Insights Interview: Mark Johnson, chief strategy officer with LRES
October 17, 2017

Mark Johnson is chief strategy officer with LRES, Orange, Calif., a national residential and commercial mortgage services company providing valuations, REO asset management and HOA services for the mortgage and real estate industry.

icon Slideshow: CoreLogic Examines Fraud Risk
October 17, 2017

Mortgage application fraud risk rose 16.9 percent year-over-year, CoreLogic reported.

icon Learning from a Lending Perspective
October 17, 2017

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

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

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

icon MBANow: Lynn Fisher on New Home Market Trends
October 14, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Research and Economics Lynn Fisher, who discusses recent trends in the new home purchase market.

icon MBANow: mPact Events at MBA Annual Convention & Expo
October 13, 2017

The Mortgage Bankers Association released a new MBANow video featuring MBA Regulatory Assistant with Public Policy Jordan Bucher, who discusses mPact events at the upcoming MBA Annual Convention & Expo.

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

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