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Inside Mortgage Trends

May 15, 2009

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Production Gains Fuel Massive 1Q09 Increase in Mortgage Banking Profits

Improved margins on new loan production and secondary market activity were the key factors in the soaring profits earned by mortgage bankers during the first quarter of this year, according to a new analysis by Inside Mortgage Profitability. Nine of the top lenders in the industry reported a combined $4.522 billion in net income from their... [Includes one chart and one graph] Read More

Response, Lead Management Key to Online Success

There are a number of strategies for online mortgage originations, but experts say success in any one of them hinges largely on being able to respond quickly and being persistent with leads. The differences between online lending and traditional mortgage originations are not as different as people might think, said Frank Poiesz, executive vice president of Level 1 Loans, during the... Read More

Broad Loan Accounting Can Result in Excess Losses

Lenders should assume that previous methodology and assumptions about allowance for loan and lease losses are not acceptable in today’s market, according to a new report from San Francisco-based Hilltop Advisors, LLC. Jeff Oliver, CEO and managing partner of Hilltop Advisors, said many lenders, servicers, auditors and examiners are using the “boxcar” approach to... Read More

Network Aims to Open Warehouse Lending

The new Texas-based Mortgage Warehouse Network is promoting a turn-key system for banks that want to capitalize on the severe shortage of warehouse funding for mortgage companies that aren’t affiliated with banking organizations. Mortgage Warehouse Network said its program includes the back office operations, systems and personnel that banks need to establish... Read More

All-Inclusive LOS Gains Ground on ‘Best of Breed’

Mortgage lenders are increasingly turning to all-inclusive loan origination systems over so-called best-in-breed systems, thanks to significant improvements to “end-to-end” technologies that cut costs, improve efficiencies and enhance data reliability, experts say. According to Keven Smith, CEO of loan origination software provider Mortgage Builder Software... Read More

PIPP Spoils the Party for Some

The Obama administration’s program to use public and private funds to clear banks’ books of “toxic” real estate loans and mortgage-backed securities may be taking away opportunity from private investors that seek to profit from the distressed assets. It seems that the fledgling business has slowed since the government announced its Public-Private Investment Program... Read More

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