Cart

Inside Mortgage Trends

November 3, 2017

View Archived Issues

Mortgage Banking Profits Declined Slightly for Banks in Third Quarter

Most banks and thrifts continued to report solid earnings from their mortgage banking activities during the third quarter, but profits generally weakened and year-to-date performance clearly has not kept up with the pace set in 2016. A diverse group of 24 banks reported a combined $2.36 billion in mortgage banking income for the third quarter, down 11.3 percent from the previous period. Half of them posted declines. The group generated $7.33 billion in mortgage ... [Includes one data chart] Read More

Mortgage Brokers Poised to Gain Market Share

The industry’s shift toward originations of purchase mortgages could help mortgage brokers gain market share, according to industry analysts. “This is a much more promising sector of the business than it was three or four years ago,” James Modrycki, a vice president of correspondent sales at Impac Mortgage Holdings, said at the Mortgage Bankers Association’s annual convention in Denver. Brokers originated $87.0 billion of mortgages in the first half of 2017, accounting for ... Read More

Newcomer Unveils Next-Gen POS Solution

A lender doesn’t have to be one of the big dogs in the industry to be competitive, thanks to continuing technological innovation. A case in point: Former U.S. Comptroller of the Currency Gene Ludwig and former Freddie Mac Chief Operating Officer Bruce Witherell have formed a new company in the mortgage technology and fulfillment solutions spaces, Promontory MortgagePath, which just rolled out what it’s touting as the next generation of point-of-sale solutions for lenders ... Read More

MBA CEO Retires in Less Than A Year

It’s been less than two weeks since Mortgage Bankers Association CEO Dave Stevens surprised the industry by announcing his retirement next fall – and already speculation is mounting about his successor. One participant involved in the effort said the trade group is looking to hire at least two private firms to aid in the search, which is being managed internally. MBA members, speaking under the condition of anonymity, laid out a few parameters for the job: first and foremost, the likely ... Read More

Here Are Five Steps to Sound Digital Investments

Stratmor Senior Partner Garth Graham recently offered a handful of things mortgage lenders should consider to make the best decisions possible about their investments in digital technology. First, lender executives should be sure they clearly know the business case for the investments they are making. “Without a very specific business case, it is very difficult to generate the additional revenue or lower the expense necessary to handle the investments that are being made in new technology ... Read More

Uptick in Purchase Mortgages Expected in 2018

Purchase-mortgage originations are expected to increase slightly in 2018, but not enough to offset declines in refinance activity, according to industry analysts. On average, economists at Fannie Mae, Freddie Mac and the Mortgage Bankers Association project that $1.21 trillion in purchase mortgages will be originated next year, up 5.9 percent from the amount expected in 2017. “All the pieces are in place for stronger growth in 2018 and beyond,” Michael Fratantoni, the MBA’s chief economist ... Read More

Collateral Analytics Estimates Appraisal Accuracy

Property value estimates from traditional appraisals may have a significant amount of uncertainty behind them, but Collateral Analytics says it may have a solution that could improve the accuracy of appraisals. Loan purchasers and portfolio lenders can benefit from CA’s new tool, which can be used for strategic lending and better risk management, according to Michael Sklarz, founder and president of Collateral Analytics. “We are taking an appraisal and its accompanying information ... Read More

Retail Still Largest Source of Agency Loans

Nearly half of the loans securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the third quarter came from lenders’ retail platforms, a new Inside Mortgage Trends analysis shows. Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent. Mortgage brokers were involved in 11.6 percent of agency business, with a relatively high 35.9 percent refinance distribution ... [Includes one data chart] 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