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Inside Mortgage Trends

November 5, 2010

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Lenders Post Strong Mortgage Banking Profits During 3Q10 Originations Surge

A heady boost in loan production volume during the third quarter lifted the mortgage banking industry to its most profitable quarter in nearly two years, according to a new Inside Mortgage Trends analysis of company earnings reports. A diverse group of 22 major mortgage lenders, including the top eight originators in the market, reported... Read More

Banks Can Handle Repurchase Strain

While lenders face increasing pressure to disclose their liability for representations and warranties and put a number on potential buyback losses, some industry experts anticipate that the rep and warranty-related losses for the banking industry will be bearable. Though they believe losses will increase... Read More

Technology Can Aid Dodd-Frank Compliance

Mortgage lenders have yet to take enough advantage of existing technology to adequately comply with the sweeping regulatory changes emerging as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but that can be relatively easy to rectify, according to some top technology vendor executives. “Lenders who have yet... Read More

Mortgage Performance Still Weak

Mortgage delinquency and foreclosure rates showed, at best, mixed results during the third quarter, according to early indicators. The mortgage delinquency rate remained high in September at 9.27 percent, up from 9.22 percent in August, according to Lender Processing Services, a mortgage servicing tools provider, based... Read More

Delinquency Roll Rates Peaked in Summer 2009

The number of homeowners falling behind or becoming severely delinquent on their mortgage payments peaked in July 2009, a month after the economic recession was pronounced officially over, according to a new study by TransUnion. The study found that... Read More

Investors Willing to Get Back Into MBS

A significant number of investors are gearing up to re-enter the securitization market, but not without a number of improvements made to data handling methods, according to a report released this week by Principia Partners, a finance technology and software firm. “Analysis of the survey shows signs... Read More

SEC Presses for More Repurchase Disclosures

The Securities and Exchange Commission last month pressed public companies to disclose more information about their mortgage repurchase and foreclosure-related risk. The SEC’s Division of Corporate Finance sent out “Dear CFO” letters to an undisclosed number of public companies in October containing... Read More

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