Mortgage servicing proved to be a bright spot for independent mortgage banks in Q3, as roughly half of the companies MBA polled stayed profitable in the quarter, thanks to their production and servicing business lines.
Read More »Tozer Proposes Ginnie Mae Support of Independent Mortgage Bank Funding
Ted Tozer, former President of Ginnie Mae, has issued a paper via The Urban Institute detailing how Ginnie Mae could be utilized to support the nation’s housing system through the financing of independent mortgage banks. Click through to read Tozer’s entire proposal.
Read More »Putting Forbearances Under the Microscope
MBA forecasts that unemployment increases, a rise in property taxes, the resumption of student debt payments, and the potential for natural disasters will impact loan performance in the future months. Here’s what September’s forbearance data reveals.
Read More »Independent Mortgage Banks Report Q2 Losses
Independent banks reported a pre-tax net loss of over $500 on every loan originated during the second quarter of 2023. This marks a notable improvement over losses posted in the first quarter.
Read More »Have Forbearances ‘Reached a Floor?’
The number of homeowners in forbearance plans has dropped by 35,000 month-over-month, however the number of those entering and exiting Fannie Mae, Freddie Mac, and Ginnie Mae loans is nearly equal for these loan types.
Read More »FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers
Request for input seeks to strengthen, and provide transparency, required capital and liquidity for GSE seller/servicers with different business models.
Read More »Profit-Per-Loan Hits Record High in 2020
A record year in the housing market earned independent mortgage bankers record profits in 2020, a near $1,500 annual year-over-year rise in profits.
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