Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $118 on each loan they originated in the first quarter, the Mortgage Bankers Association said.
The Empty House Next Door: Paper Examines ‘Hypervacancy'
In a new study by the Lincoln Institute of Land Policy, Cambridge, Mass., The Empty House Next Door: Understanding and Reducing Vacancy and Hypervacancy in the United States, researcher Allan Mallach said hypervacancy--defined as areas in which at least one in five properties are vacant within a given area--have disrupted neighborhoods and housing markets.
'Stable' Outlook for REITs
Real estate investment trust property-level fundamentals should remain positive at least through 2018, reported Fitch Ratings, New York.
CoreLogic: Lowest Delinquency Rates in 11 Years
CoreLogic, Irvine, Calif., said just 4.3 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March, down by 0.1 percent from a year ago.
MBA Risk Management/QA/Fraud Prevention Forum Sept. 23-25
The Mortgage Bankers Association's annual Risk Management, QA and Fraud Prevention Forum takes place Sept. 23-25 in Los Angeles.
MBA Education Advanced Servicing Workshop Aug. 8-9
MBA Education presents its Advance Servicing Workshop in Irving, Texas Aug. 8-9.
MBA Education School of Mortgage Servicing July 16-26
MBA Education offers its popular School of Mortgage Servicing instructor-guided online course July 16-26.
MBA Compliance Essentials Offers Certified Mortgage Compliance Professional Designation Level 1
Earn recognition for your mortgage compliance expertise: MBA Education and the MBA Compliance Essentials program offer the only certification and designation program geared exclusively towards compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP).
Home Lending Profits Plunge Despite Higher Revenues
Mortgage Daily, June 6, 2018
Mortgage Banks in The Red For Q
Mortgage News Daily, June 6, 2018--Jann Swanson
Angelo Mozilo and His Doomed Mortgage Machine
CNN, June 6, 2018--Matt Egan
PHH 'Extremely Gratified' By CFPB Dismissal
Mortgage Daily, June 8, 2018
Mick Mulvaney Guts 3 CFPB Advisory Boards
HousingWire, June 6, 2018--Jeremiah Jensen
Mulvaney's Defense of CFPB Upheaval: I'm Trying to Fix Leaks
American Banker, June 8, 2018--Kate Berry (subscription)
U.S. Bancorp Is The Only Major U.S. Bank Still Reporting Mortgage Servicing Growth
Forbes, June 8, 2018--Trefis Team
Expert: Big Banks will Pass Stress Tests this Year
HousingWire, June 8, 2018--Kelsey Ramirez
Future of Genworth PMI Unit Takes Shape after Feds OK Acquisition
National Mortgage News, June 11, 2018--Brad Finkelstein (subscription)
Landlords Are Practically Giving Malls Away
Bloomberg, June 12, 2018--Sarah Mulholland (subscription)