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Inside Mortgage Trends

December 17, 2010

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Production Earnings Surge in 3Q10, Hit Highest Level Since Early 2009

With home loan origination volume rising smartly during the third quarter, mortgage companies saw a significant increase in production-related earnings, according to a new Inside Mortgage Trends analysis. But earnings on the servicing side of the ledger declined...[Includes one data chart and one graph] Read More

MBA: Increased Profitability in 3Q10

Strong results from secondary market activities during the third quarter boosted average mortgage banking income to its highest level in more than a year, according to the quarterly performance report released this week by the Mortgage Bankers Association. The average firm participating in the survey reported... Read More

Industry Anticipates Lower Originations in 2011

Despite excellent interest rates, mortgage originations in 2011 are predicted to decline because of slumping refinance activity and ongoing sluggishness in the housing market, according to outlook reports from the industry. “Incremental underwriting tightening and higher refinancing friction have reduced... Read More

Reform Underscores Need for Technology

Mortgage lenders will need to turn to automation tools and greater consolidation in the lending process to cope with new regulatory challenges resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, analysts say. “Regulatory compliance is... Read More

Fewer Borrowers in Negative Equity Position

The recovery has been painfully slow, but the rate of negative equity for residential properties declined for the third quarter in a row, according to CoreLogic data released this week. At the end of the third quarter, roughly 22.5 percent (10.8 million) of all residential mortgages exceeded... Read More

‘Intelligent Granularity’ Drives New Valuations

Mortgage servicers face an unprecedented level of borrower demand and unparalleled public scrutiny, but emerging valuation technologies that feature “intelligent granularity” may help them handle the volume, keep borrowers in their homes as much as possible and facilitate... Read More

Element Funding: Ready for 2011

The mortgage industry expects a decline in refinance originations and an increase in home loan purchases in 2011 and Element Funding is about ready to hit the ground running. Executives at the Atlanta-based correspondent lender are poised to carry over last year’s growth into 2011, continuing... Read More

Industry Urges FASB to Eliminate TDRs

Mortgage lenders are calling for the withdrawal of proposed troubled debt restructuring disclosures that will go into effect in 2011 for fear they might result in virtually all loan modifications being reported as troubled debt restructurings. In comment letters to the Financial Accounting Standards Board, lenders said... Read More

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