One industry consultant warns that when times are good, mortgage banking income can “turbocharge” earnings but...

The nonbank share of the market for servicing mortgages in Gnnie Mae MBS increased from 35.05 percent at the end of the first quarter of 2015 to 46.73 percent at the end of the first quarter of 2016.

While most borrowers felt positive about the new forms, 63 percent said their experience with TRID prevented them from closing on their new homes within the desired timeframe.

The Mortgage Bankers hailed the bill for supporting a number of MBA priorities and for rejecting an administration proposal to fund FHA technology upgrades through a fee on lenders.

Craig Dwight, Horizon Bancorp’s chairman and CEO, indicated that the TRID mortgage disclosure rule had an impact on warehouse lending during the quarter.

The delinquency rate declined by 8.4 percent in March compared with February and was down 12.4 percent on an annual basis.

The GAO says the consumer regulator lacks comprehensive statistics due to external data constraints, and collecting this information is challenging...

“Investors are taking the conservative approach,” said the Morrison & Foerster attorney. “No one wants to be the test case. They’re all worried about what a court might say.”

Roughly $41.42 billion of non-mortgage ABS were issued in the first quarter, up 35.8 percent from the unusually low volume at the end of 2015.

Altavera chief Brian Simons said staffing requests suggest the industry is preparing for an increase in non-QM business.