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Volume 14 - Number 2

January 29, 2010

Downloads Available: View the attached file (in pdf format)


Refi Market Yields Earnings Windfall For Mortgage Banking in 2009

The unexpected boom in refinance lending in 2009 helped propel the mortgage banking business to huge profits for the year, according to a new analysis of company earnings releases by Inside Mortgage Profitability. A diverse group of 19 lenders reported a total of $16.645 billion in mortgage banking earnings for all of last year, more than triple the amount they earned during all of 2008...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

vote to see results
Housing Pulse

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