Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,675 on each loan they originated in the second quarter, up from $285 per loan in the first quarter, the Mortgage Bankers Association reported on Thursday.
Special Servicing Volume Declines Again
Fitch Ratings, New York, reported the volume of commercial mortgage-backed securities loans and assets in special servicing declined nearly 10 percent between April and July to $9.8 billion.
Opportunity Zone Home Prices Well Below National Levels
ATTOM Data Solutions, Irvine, Calif., said in "opportunity zones"--special areas of the U.S. aimed at spurring improvement and development-nearly half of homes have median home prices below $150,000.
Black Knight: Tappable Equity at Record $6.3 Trillion
Black Knight, Jacksonville, Fla., said after falling through the second half of last year, tappable equity saw its second consecutive quarterly increase, hitting a record high $6.3 trillion in the second quarter.
First American: Defect Index Continues Downward Trend, Thanks to Refinancings
The refinance mini-boom has been good news for lenders; it's also been good news in deterring mortgage defects and fraud, according to First American Financial Corp., Santa Ana, Calif.
MBA Regulatory Compliance Conference 2019 in Washington Sept. 22-24
The Mortgage Bankers Association's annual Regulatory Compliance Conference takes place Sept. 22-24 at the Grand Hyatt in Washington, D.C.
MBA Risk Management, QA and Fraud Prevention Forum in Chicago Sept. 15-17
The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum takes place Sept. 15-17 at the Sheraton Grand Chicago.
MBA Education Advanced Risk Management Concepts Workshop in Chicago Sept. 15
MBA Education presents a special edition of its Advanced Risk Management Concepts Workshop on Sunday, Sept. 15 in conjunction with the MBA Risk Management, Quality Assurance and Fraud Prevention Forum in Chicago.
MBA Education/Compliance Essentials Managing the Risks of CFPB and State Examinations Sept. 15
MBA Education and Compliance Essentials present a workshop, Managing the Risks of CFPB and State Examinations, on Sunday, Sept. 15 at the Sheraton Grand Chicago, in conjunction with the MBA Risk Management, QA and Fraud Prevention Summit.
What this Mortgage Expert Says is Behind the Refinancing Boom
CNBC, Aug. 28, 2019
Lenders are Making More Money on Mortgages than They Have in Three Years
HousingWire, Aug. 29, 2019--Kelsey Ramirez
Homeowners are Sitting on a Record Amount of Cash, But They're Not Really Tapping It
CNBC, Aug. 28, 2019--Diana Olick
Will GSE Reform Get Some Clarity from Long-Awaited Blueprints?
American Banker, Aug. 29, 2019--Hannah Lang (free article)
10 Steps to Housing Finance Reform
MReport, Sept. 1, 2019--Brian O'Reilly
Consumer Groups, Lenders Find Common Cause Against CFPB Mortgage Provision
American Banker, Aug. 28, 2019--Kate Berry (subscription)
Consumer Watchdog Starts Hiring After 15% Staff Drop Under Trump
Wall Street Journal, Aug. 27, 2019--Yuka Hayashi (subscription)
Homeowners Tapping Retirement Funds to Cover Debt Needs
National Mortgage Professional, Aug. 27, 2019--Phil Hall
PMI Gains as Fewer First-Time Homebuyers Use FHA
HousingWire, Aug. 27, 2019--Kathleen Howley
Unconventional Mortgages Attract Warning From Regulator
Wall Street Journal, Aug. 29, 2019--Lalita Clozel (subscription)
Historic Asset Boom Passes by Half of Families
Wall Street Journal, Aug. 30, 2019--David Harrison, Maureen Linke (subscription)
U.S. Charges Reverse Mortgage Lender Live Well's Ex-CEO with Fraud
Reuters, Aug. 29, 2019--Jonathan Stempel
Ditech Sale Blocked by Homeowner Claims of Botched Mortgages
National Mortgage News, Aug. 29, 2019 (subscription)
Measuring Increases in Mortgage Debt
MReport, Aug. 30, 2019--Seth Welborn
Risky Seller Financing Flourishes Where Homes Are Cheapest
Wall Street Journal, Aug. 30, 2019--Ben Eisen (subscription)