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Inside Mortgage Trends

August 10, 2007

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Mortgage Banking Profits Rebound, But Outlook May Be Getting Bleak

The mortgage banking business turned in an unexpectedly strong second quarter, with industry-wide earnings posting a big increase from early 2007, according to a new analysis by Inside Mortgage Profitability. A group of 31... [Includes one chart and one graph] Read More

OTS Says Strategy and Business Plan Are Keys to Success in Mortgage Banking

While engaging in mortgage banking activities can provide a tremendous boost to profitability, it is important for thrifts to understand the risks in mortgage banking and portfolio lending and design financial strategies and risk management policies for each... Read More

Shutdown of Subprime Unit Helps New Jersey Bank Return to Profitability

Skillful maneuvering and a timely retreat from subprime mortgage lending helped a New Jersey lender return to profitability and continue quarterly dividends to shareholders after a tumultuous first half this year. OceanFirst Financial Corp., the holding... Read More

Loss Mitigation Products Proliferate as Stalled Housing Market Creates Demand

The slumping U.S. housing market is boosting demand among mortgage servicers for products and services that can help them mitigate losses and improve profitability. Vendors are stepping up to meet that demand. For instance, Computer Science Corp. recently added... Read More

Some Bankrupt Borrowers Can Qualify for FHA Mortgages

With subprime credit harder to get by the day, lenders may be able to regain some lost business by making FHA loans to bankrupt borrowers. In some cases a bankrupt borrower can qualify for a loan backed by the U.S. government, according to Smartleads, a... Read More

Spreading Mortgage Pandemic Takes Down Its Biggest Victim as Market Struggles to Adjust

The mortgage bust of 2006-07 claimed its biggest victim this week as American Home Mortgage filed for bankruptcy protection after being crippled by margin calls. AHM was the 10th largest mortgage originator in the first half of 2007 and ranked 27th in mortgage... Read More

Mortgage Lending Still Profitable, OCC Researcher Concludes

Business real estate lending is the most profitable strategy for community banks, but it is also the riskiest, and residential mortgage lending produces the highest risk-adjusted returns, an analyst at the Office of the Comptroller of the Currency concludes... Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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