Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017, the Mortgage Bankers Association reported last week.
Situs RERC: Declining Investment Conditions for Many Property Types
More signs point to a possible commercial real estate downturn in the next 12 months or so, said Situs RERC, Houston.
Black Knight: Prepayments Surge on Lower Interest Rates; Seasonal Delinquency Rate Improvement Remains Muted
Black Knight, Jacksonville, Fla., said mortgage prepayment activity increased by 28% month-over-month in March, the largest single-month increase since 2016, in response to declining interest rates and the start of the spring home buying season.
CMBS Supply-Demand Fundamentals Steady; Special Servicing Falls
Commercial property market supply and demand fundamentals remained stable in late 2018, Moody's Investors Service reported.
MBA Legal Issues & Regulatory Compliance Conference in New Orleans May 5-8
The Mortgage Bankers Association's Legal Issues & Regulatory Compliance Conference takes place May 5-8 at the Hyatt Regency New Orleans.
MBA National Secondary Market Conference & Expo May 19-22
The Mortgage Bankers Association's National Secondary Market Conference & Expo returns to the New York Marriott Marquis May 19-22.
Lenders Manage Tiny Profits in 2018 Despite Rate Hikes, Inventories
Mortgage News Daily, Apr. 18, 2019--Jann Swanson
Trump-Appointed Official Promises Full Push to Overhaul Plumbing of Mortgage Market
Wall Street Journal, Apr. 22, 2019--Andrew Ackerman, Ben Eisen (subscription)
On the Precipice of Change: In Support of GSE Reform
Mortgage Media, April 22, 2019--David Stevens, CMB
How Fannie Mae, Freddie Mac Dodged a Cap on CEO Pay
Washington Post, Apr. 22, 2019--Renae Merle
Senior HUD Official Named FHFA Deputy Director
National Mortgage News, Apr. 16, 2019--Hannah Lang (subscription)
Urban Institute: It Hasn't Been This Easy to Get a Government-Backed Mortgage in 10 Years
HousingWire, Apr. 22, 2019--Ben Lane
Mortgages? Big Banks May Be Throwing in the Towel
MarketWatch, Apr. 16, 2019--Andrea Riquier
What Retail Recovery? Malls Under Pressure as Stores Close
Wall Street Journal, Apr. 16, 2019--Esther Fung (subscription)
Kraninger Outlines Her Vision of a Revamped CFPB
National Mortgage News, Apr. 17, 2019--Neil Haggerty (subscription)
Debunking the Myth That Small-Dollar Mortgages are Riskier
Urban Institute, Apr. 17, 2019--Alanna McCargo, Sara Strochak
NINA Loans Make a Comeback with the 360 Mortgage Pilot Program
National Mortgage News, Apr. 18, 2019--Brad Finkelstein (subscription)
Key Trends Driving Investors Away From Traditional Lenders In 2019
Forbes, Apr. 19, 2019--Evan Gentry
Inside Destiny USA's Mortgage Emergency: Crisis or Hardball Bargaining?
Syracuse.com (N.Y.), Apr. 19, 2019--Rick Moriarty