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MBA Board Picks Veteran Mortgage Banker Broeksmit to succeed Dave Stevens as CEO and President

June 7, 2018
Paul Muolo
Broeksmit, who has spent his entire 33-year career in the mortgage industry, joins MBA from Treliant Risk Advisors...
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CFPB, Freddie Mac Separately Urge Mortgage Borrowers to Shop Around

June 7, 2018
Brandon Ivey
A significant share of borrowers are missing out on thousands of dollars in savings…
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Ditech Posts $467 Million Profit for 1Q18 – Thanks to BK Filing and Debt Cancellation

June 6, 2018
Paul Muolo
Ditech CEO Tom Marano: “I am pleased with the improving performance of our servicing business; however, I am disappointed with the performance of the origination business...”
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MBA Makes the Case to IRS that Lenders are Eligible for 20 Percent Deduction Included in Tax Reform

June 6, 2018
Brandon Ivey
The trade group argues that if lenders organized as pass-through entities do not receive the new deduction, they will be at a competitive disadvantage...
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Lenders Lost Money on Originations in 1Q18; Servicing to the Rescue…

June 6, 2018
Paul Muolo
Personnel expenses averaged $5,899 per loan in 1Q18 compared to $5,560 in the fourth quarter, up 5.7 percent…
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Short Takes: Hey, Hands Off of GSE Multifamily / What Ed DeMarco Wanted To Do / Cuts at Stearns? / More Non-QM Lenders Target Self-Employed Borrowers / New Hires at Promontory MortgagePath

June 6, 2018
Paul Muolo and Brandon Ivey
Over the years it seems as though commercial banks have basically ceded the multifamily market to nonbanks that use the GSEs as their secondary market takeout…
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Guaranteed Rate Plots Growth with ‘Aggressive’ Recruiting of Underwriters, Processors

June 5, 2018
Brandon Ivey
GR is aggressively recruiting mortgage processors, underwriters and secondary analysts...
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Flagstar Agrees to Buy 52 Branches and Loans from Nation’s Largest Home Lender, Wells Fargo

June 5, 2018
Paul Muolo
A Wells Fargo spokesman: "We currently have 33 home lending locations in those states and no home lending team members will be moving to Flagstar as part of this divestiture."
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Tepid Increase in Subservicing Contracts During 1Q18

June 5, 2018
Paul Muolo
“There could be some sector consolidation down the road,” noted Allen Price, senior vice president in charge of business development for RoundPoint Mortgage…
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Despite Production Decline, FTHB Market Expected to Remain Robust

June 5, 2018
George Brooks
The number of first-time homebuyers has increased 50 percent over four years…
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Latest Imf News

  • Retail Channel’s Share of Originations Increases in 2Q

  • FHA to Allow VS4, FICO 10T at Beginning of 2027

  • HPC Working on Data Repository for Mortgages

  • Interest Rates Hit Another High for the Year

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Featured Data

  • Non-Agency Jumbo Lending Increases in Second Quarter

  • FHA, VA Production Strong Even as Refis Decline in 2Q

  • Banks See Modest Increase in MBS Holdings, Ginnie Gains

  • All Products Gained in 2Q But Agency Market Lagged

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