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Monday, June 17, 2019

MBA Insights Archive

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

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

icon MBA Washington Report
June 10, 2019

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

icon MBA Mortgage Market Update
June 5, 2019

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

icon MBA Washington Report
June 4, 2019

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

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

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

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

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

icon MBANow: Paul Buege of Inlanta
June 3, 2019

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

icon People in the News
June 3, 2019

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

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

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

icon MBA Mortgage Market Update
May 29, 2019

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

icon MBA Washington Report
May 28, 2019

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

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

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

icon People in the News
May 27, 2019

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
May 19, 2019

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

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

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

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

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

icon MBA Premier Member Profile
May 19, 2019

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

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

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

icon MBA Mortgage Market Update
May 16, 2019

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

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

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

icon People in the News
May 13, 2019

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

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

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

icon Mortgage Vendor News & Views
May 13, 2019

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

icon MBA Washington Update
May 13, 2019

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

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

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

icon MBA Mortgage Market Update
May 8, 2019

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

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

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

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

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

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

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

icon MBA Washington Update
May 6, 2019

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

icon People in the News
May 6, 2019

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

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

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

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

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

icon MBA Mortgage Market Update
May 1, 2019

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

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

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

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

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

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

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

icon People in the News
April 29, 2019

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

icon MBA Washington Update
April 29, 2019

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

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

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

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

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

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

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

icon MBA Recognizes Premier, Select Members
April 29, 2019

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

icon MBA Chart of the Week: Commercial Real Estate Mortgage Debt Outstanding and LIBOR
April 26, 2019

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

icon MBA Mortgage Market Update
April 24, 2019

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

icon People in the News
April 22, 2019

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

icon MBA Washington Update
April 22, 2019

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

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

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

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

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

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

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
April 17, 2019

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

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

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

icon People in the News
April 15, 2019

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

icon MBA Washington Update
April 15, 2019

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

icon Preparing for Corporate Board Opportunities
April 15, 2019

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

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

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

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

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

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

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

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

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

icon Preparing for Corporate Board Opportunities
April 8, 2019

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

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

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

icon People in the News
April 8, 2019

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

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

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

icon Big Opportunities for Opportunity Zone Investors
April 8, 2019

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

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

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
April 1, 2019

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

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

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

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

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
March 28, 2019

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

icon People in the News
March 25, 2019

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

icon MBA Washington Update
March 25, 2019

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

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

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

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

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

icon Improving the Mortgage Experience with eClosing
March 24, 2019

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

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

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

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

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
March 20, 2019

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

icon Improving the Mortgage Experience with eClosing
March 18, 2019

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

icon People in the News
March 18, 2019

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

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

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

icon MBA Washington Update
March 18, 2019

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

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

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

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

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

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

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
March 13, 2019

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

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

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

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

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

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

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

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

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

icon MBA Washington Update
March 11, 2019

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

icon People in the News
March 11, 2019

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

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

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
March 6, 2019

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

icon MBA Washington Update
March 5, 2019

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

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

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

icon People in the News
March 4, 2019

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

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

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

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

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

icon Closing the Gender Divide
March 4, 2019

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

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

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

icon MBA Mortgage Market Update
February 28, 2019

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

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

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

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

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

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

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

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

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

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

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

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

Jorge Ponce is Director of Product and Vendor Management with FirstClose, Austin, Texas. He has more than 15 years of experience in bank operations, mortgage and risk-based consumer lending and is responsible for driving adoption, client communication and product development. Corey Smith is CPO of FirstClose. His more than 25 years of experience in business spans sales, marketing, finance, strategic planning and risk assessment and management. As CPO, Smith is responsible for overseeing user experience as well as product management.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
February 18, 2019

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

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

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

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

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

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

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

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

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

icon People in the News
February 11, 2019

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
February 6, 2019

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

icon MBA Washington Update
February 5, 2019

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

icon MBANow: MBA Opens Doors Foundation
January 30, 2019

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

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

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

icon MBA Mortgage Market Update
January 30, 2019

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

icon People in the News
January 28, 2019

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

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

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

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

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

icon MBA Washington Update
January 28, 2019

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

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

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

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

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

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

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

icon MBA Annual Report 2018
January 25, 2019

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

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

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

icon MBA Mortgage Market Update
January 24, 2019

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

icon MBA Washington Update with Julienne Joseph
January 22, 2019

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

icon People in the News
January 21, 2019

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

icon Slideshow: RealPage Studies Apartment Deliveries
January 21, 2019

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

icon The Digital Future of Mortgage Servicing
January 21, 2019

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

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

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

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

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

icon HomeownerConnect: The High-Tech & High-Touch Consumer-Direct Portal
January 14, 2019

In the midst of low non-performing loan frequency and severity rates, technology for investment in default servicing has been minimal. Yet, there are many in the servicing industry who see these "good times" as an opportunity to upgrade loss mitigation technology, especially that which focuses on borrower engagement in the loss mitigation process.

icon Ed Marcheselli of BAI on the ROI of Compliance Training
January 14, 2019

Ed Marcheselli is managing director of Learning & Development of BAI, Chicago, a nonprofit independent organization.

icon The Digital Future of Mortgage Servicing
January 14, 2019

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

icon People in the News
January 14, 2019

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

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

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

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

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

icon MBA Washington Update with Dan Grattan
January 9, 2019

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

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

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

icon MBA Mortgage Market Update
January 9, 2019

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
January 3, 2019

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

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

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

icon Navigating the World of HOA
January 1, 2019

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

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

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

icon MBA Premier Member Profile: DocMagic
January 1, 2019

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

icon People in the News
January 1, 2019

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

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

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

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

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

icon Navigating the World of HOA
December 24, 2018

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
December 17, 2018

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

icon KBRA 2019 CMBS Preview
December 17, 2018

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

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

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

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

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

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

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

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

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

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

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

icon MBA Washington Update
December 13, 2018

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
December 5, 2018

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

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

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

icon People in the News
December 3, 2018

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

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

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

icon MBA Washington Update with Erin Barry
December 3, 2018

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

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

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

icon RPA in Banking
December 3, 2018

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

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

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

icon MBA Washington Update with Kelley Williams
November 29, 2018

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

icon MBA Mortgage Market Update
November 29, 2018

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

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

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

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

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

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

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

icon MBA Washington Update with Bill Killmer
November 27, 2018

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

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

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

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

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

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

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

icon Relearning the Path to Clear Communication
November 26, 2018

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
November 19, 2018

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

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

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

icon MBA Washington Update with Erin Barry
November 16, 2018

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

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

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

icon MBA Mortgage Market Update
November 14, 2018

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

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

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

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

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

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

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

icon People in the News
November 12, 2018

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

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

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
November 7, 2018

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

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

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

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

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

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

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

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

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

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

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

icon MBA Washington Update with Dan Fichtler
November 5, 2018

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

icon People in the News
October 29, 2018

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

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

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

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

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

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

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

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

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

icon MBA Mortgage Market Update
October 24, 2018

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

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

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

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

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

icon Magic Johnson Talks Leadership, Philanthropy
October 22, 2018

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

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

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

icon Broeksmit: ‘We are Working for You'
October 22, 2018

Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, gave this keynote address Oct. 15 at the MBA Annual Convention & Expo in Washington, D.C. It has been edited for clarity.

icon MBA Washington Update with Alden Knowlton
October 22, 2018

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

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

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

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

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

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

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

icon People in the News
October 15, 2018

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

icon Lenders' Performance Myths Harm Performance
October 8, 2018

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

icon MBA Recognizes Premier, Select Members
October 8, 2018

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

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

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

icon People in the News
October 8, 2018

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

icon MBA Washington Update with Erin Barry
October 8, 2018

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