Cart

Inside Mortgage Trends

March 20, 2009

View Archived Issues

eMortgage Technology in Place, Loan Volume Begins Gaining Momentum

The technology needed to generate significant efficiencies through the production of electronic mortgages is now mostly in place – and well proven – which appears to be leading to a significant increase in such lending in recent months. At this time last year, there were only about 6,500 electronic notes registered in the MERS registry, but that has grown more than tenfold over... Read More

Fair Value Change May Unclog Balance Sheets

The Financial Accounting Standards Board is a step closer to coming up with a better calculation of fair value in inactive markets and a more definitive determination of other-than-temporary impairments of mortgage securities with the issuance of two proposed guidelines this week. The proposals, which the board had already been working on, became a top priority after House... Read More

Credit Unions Show Profitability Amid Slowdown

Despite tough economic times, the nation’s credit union industry has shown positive growth in profitability while maintaining the same lending standards credit unions have had for the last couple of years. The industry has seen its total originations increase by 16.5 percent, to $70.3 billion in 2008 from $60.4 billion in 2008, up from $54.4 billion in 2006, according to an... Read More

Lenders Disagree Over Fair Value Disclosures

Mortgage lenders are divided over a proposal that would require more frequent disclosures about the uses of fair value to measure financial instruments beyond the annual reporting that current accounting rules require. Under the rule proposed by the Financial Accounting Standards Board in January, entities would have to disclose quarterly those fair values either in the body of the... Read More

Default Management Key to Success in Market

If mortgage servicers want to manage the onslaught of loan modifications expected under new government programs as efficiently as possible, they need to be proactive in evaluating their portfolios, according to experts at Deloitte & Touche. David Sisko, a director at the accounting and consulting firm, said collection efforts are only effective Read More

Private MIs Book Another Huge Loss in 4Q08

The private mortgage insurance industry reported another round of huge losses during the fourth quarter of 2008, and it’s not at all clear that the MIs are getting that much closer to the end of the tunnel. The seven private MIs reported a combined $951.2 million net loss on their domestic mortgage insurance business during the final three months of last year... [Includes one chart and one graph] Read More

Technology Key to Managing Compliance Risk

Mortgage lenders may have little choice but to invest in technology that will allow them to cope with an onslaught of new regulatory compliance requirements, experts say. Three major federal compliance changes are in the pipeline along with a number of state changes, and some of these could be subject to further revision as policymakers look for ways to bolster consumer protection... Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

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

View Results