June 22, 2018
A solid brand, a network of branches and a strong ambition to grow loan production: a lot of factors seem aligned for your firm to have long-term success. But you also foresee potential obstacles, and one that has really caught your attention lately is your sales force. They're not getting any younger, and you're starting to wonder where you'll find new blood to meet those growth ambitions.
As commercial real estate prices and interest rates go, so goes defeasance--paying a commercial mortgage-backed securities loan off early by substituting government-backed securities such as Treasury notes for the loan's real estate collateral.
This is the 20th time since 2008 that this survey of senior mortgage banking executives has been conducted and distributed. It is completed twice annually, at the MBA Annual Convention in October and at the MBA National Secondary Market Conference each May. The survey's attention is focused on eight topics: production, costs & profits, mortgage servicing rights, Fannie Mae & Freddie Mac, technology, regulations and risk.
The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses recent activity on Capitol Hill and at the Federal Housing Finance Agency.
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $118 on each loan they originated in the first quarter, down from a reported gain of $237 per loan in the fourth quarter of 2017, the Mortgage Bankers Association reported.
Mortgage Bankers Association Associate Vice President Joel Kan breaks down the MBA Weekly Applications Survey for the week ending June 15.
The Mortgage Bankers Association announced 86 individual employees from 35 different MBA member companies have been awarded the Path to Diversity scholarship in the first seven months of the fiscal year.
In this new video, MBA Chief Operating Officer and mPower Founder Marcia M. Davies talks with Susan T. Stewart, CEO of SWBC Mortgage, San Antonio, Texas, who was nominated this week to serve as MBA Vice Chair for the 2019 fiscal year.
MBA Insights recently spoke with Denis Brosnan, President and CEO with DIMONT, Dallas. Brosnan joined DIMONT in 2015; previously he practiced law, ran a consulting firm and was head of Promise Solutions, an outsourcing firm.
HUD mandates use of its Capital Needs Assessment e-Tool for FHA multifamily mortgage insurance applications, Rental Assistance Demonstration conversions, 10-year capital needs assessment update for FHA-insured multifamily properties and other asset management milestones. But many lenders, investors and consultants have expressed concern regarding technical inefficiencies with the e-Tool itself, as well as operational hurdles it creates.
Joe Melendez is co-founder and CEO of ValueInsured, Dallas, a provider of down payment protection services. H has more than 30 years of industry experience. His background includes work in investment banking, real estate development and insurance. Prior to forming ValueInsured, Joe spent a decade developing residential properties.
The Mortgage Bankers Association announced Robert Broeksmit, CMB, who previously served the association in several volunteer leadership capacities, will become its next President and CEO. He will succeed David H. Stevens, CMB, who announced his impending retirement this past October. Broeksmit will assume duties Aug. 20.
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