Mortgage Banking

Founded in 1939, Mortgage Banking Magazine is a professional trade magazine published by Mortgage Bankers Association of America. Its headquarters are located in Washington, D.C. The magazine is published monthly and serves the banking, real estate and financial markets. Janet Hewitt is the editor-in-chief.

Articles from Vol. 62, No. 7, April

A Record Year for Residential MBS
COVER REPORT: SECONDARY MARKET A host of new records were set in the MBS market last year. Issuance surged to a new record for private-label prime and subprime MRS, but the number of defaults also hit a record. Of the 12 percent of outstanding credit...
A Record Year for Residential MBS. (Cover Report: Secondary Market)
FOR U.S. RESIDENTIAL MORTGAGE-BACKED securities (RMBS), 2001 was a banner year that set a host of new records. Benefiting from the aggressive monetary easing by the Federal Reserve to stave off recession, mortgage rates dropped to their lowest level...
Commercial Markets Hinge on Recovery. (Cover Report: Secondary Market)
The delinquency rate on CMBS mortgages soared to 2 percent in early 2002, from just 0.85 percent at the start of last year. Office vacancies jumped to nearly 20 percent in several markets, and the outlook is not that rosy. A strong second-half recovery...
Commerical Markets Hinge on Recovery
COVER REPORT: SECONDARY MARKET The delinquency rate on CMBS mortgages soared to 2 percent in early 2002, from just 0.85 percent at the start of last year. Office vacancies jumped to nearly 20 percent in several markets, and the outlook is not that rosy....
Depth in Training
DEPTH IN AN ATHLETIC TEAM, A business organization or a work unit is a good thing. It denotes competence. And it denotes three very valuable things in addition to competence. They are: * flexibility to meet rapidly changing demands for performance; *...
Depth in Training. (Training)
DEPTH IN AN ATHLETIC TEAM, A business organization or a work unit is a good thing. It denotes competence. And it denotes three very valuable things in addition to competence. They are: * flexibility to meet rapidly changing demands for performance;...
Dorado Launches Retail ChannelMaster 2.0 and Wholesale ChannelMaster 2.0
DORADO CORPORATION, SAN MATEO, CALIfornia, has launched Dorado Retail ChannelMaster(TM) 2.0 with Lender Advantage(TM) and Dorado Wholesale ChannelMaster(TM) 2.0 with Lender Advantage. Retail Channel Master 2.0 helps mortgage institutions increase revenue...
Dorado Launches Retail ChannelMaster 2.0 and Wholesale ChannelMaster 2.0. (Tech Newz)
DORADO CORPORATION, SAN MATEO, CALifornia, has launched Dorado Retail ChannelMaster [TM] 2.0 with Lender Advantage [TM] and Dorado Wholesale ChannelMater [TM] 2.0 with Lender Advantage. Retail Channel Master 2.0 helps mortgage institutions increase...
Following a Boom
THE SECONDARY MARKETS WERE THRIVING IN 2001. THE MONEY WAS FLOWING freely into housing and commercial property markets. Both the private-- issuer markets and the government-sponsored enterprises (GSEs) posted huge issuance numbers fueled by a record...
Following a Boom. (Portfolio)
THE SECONDARY MARKETS WERE THRIVING IN 2001. THE MONEY WAS FLOWING freely into housing and commercial property markets. Both the privateissuer markets and the government-sponsored enterprises (GSEs) posted huge issuance numbers fueled by a record year...
GMAC-RFC Reports Record Securitization Volumes. (Business Alert)
GMAC RESIDENTIAL FUNDING Corporation (GMAC-RFC), Minneapolis, announced it closed a record volume of ABS in the United States during January, totaling $3.1 billion. The company's ABS issuance volume included a $1.9 billion subprime security, the second-largest...
GreenPoint's Nonconforming Niche
Novato, California-based Green Point Mortgage did a whopping $26 billion worth of lending last year. That is a huge amount for a nonconforming player, and the mortgage company's executives say that is just the beginning. THE REFINANCING MARKET HAD BEEN...
GreenPoint's Nonconforming Niche. (Cover Report: Secondary Market)
Novato, California-based GreenPoint Mortgage did a whopping $26 billion worth of lending last year. That is a huge amount for a nonconforming player, and the mortgage company's executives say that is just the beginning. THE REFINANCING MARKET HAD...
Integrity
Executive Suite I'VE OFTEN THOUGHT OF INTEGRITY AS A shadow that follows every man and woman. You cannot escape your integrity. It accurately illustrates the depth of your ethics and morality. Integrity can be likened to a shadow on a sunny day, which...
Integrity. (Executive Suite)
I'VE OFTEN THOUGHT OF INTEGRITY AS A shadow that follows every man and woman. You cannot escape your integrity. It accurately illustrates the depth of your ethics and morality. Integrity can be likened to a shadow on a sunny day, which is clearly visible...
Job Hunt
PERSONNEL IF YOU'VE CHOSEN A CAREER IN MORTGAGE BANKING, YOU'VE CHOSEN A CAREER IN CHANGE. Mergers, acquisitions and corporate exits guarantee that even if you excel at your job and are as loyal as Lassie, you're unlikely to win lifetime tenure from...
Job Hunt: Tracking Down Your Next Job in Mortgage Banking Could Be a Lot Easier Than the Last Time You Took Your Updated Resume to the Printer. Lots of Online Tools Have Emerged to Sleuth out the Best Industry Job Offerings. (Personnel)
IF YOU'VE CHOSEN A CAREER IN MORTGAGE BANKING, YOU'VE CHOSEN A CAREER IN CHANGE. Mergers, acquisitions and corporate exits guarantee that even if you excel at your job and are as loyal as Lassie, you're unlikely to win lifetime tenure from your current...
MGIC Data Shows REFI Boom Hurt Retention. (Business Alert)
MILWAUKEE-BASED MORTGAGE GUARANTY Insurance Corporation (MGIC) reported that the mortgage refi boom of 2001 proved challenging for customer retention. Information from MGIC's multimillion-loan data warehouse shows that retention rates started 2001...
Midwest Commercial Markets Rock Solid: Midwest Market Lenders Report All the Fundamentals Are Sound in the Commercial Real Estate Sector. This Year's Second Half Could Yield Strong Lending Volume as the Recovery Kicks in. (Commercial)
MIDWEST COMMERCIAL REAL ESTATE lenders in the early months of 2002 are steering a course toward expected loan volume gains for the year. Should 2002 loan volume eclipse last year's it would be quite a feat, because most Midwestern lenders we polled...
Midwest Commerical Markets Rock Solid
Midwest market lenders report all the fundamentals are sound in the commercial real estate sector. This year's second half could yield strong lending volume as the recovery kicks in. MIDWEST COMMERCIAL REAL ESTATE lenders in the early months of 2002...
Mortgage Capital Funding Ratings Raised
STANDARD & POOR'S RAISED ITS RATINGS ON five classes of Mortgage Capital Funding Inc. multifamily/commercial mortgage pass-through certificates series 1996-- MC1. At the same time, ratings are affirmed on the five remaining classes in the pool. The...
Mortgage Capital Funding Ratings Raised. (Commercial)
STANDARD & POOR's RAISED ITS RATINGS ON five classes of Mortgage Capital Funding Inc. multifamily/commercial mortgage pass-through certificates series 1996 MC1. At the same time, ratings are affirmed on the five remaining classes in the pool. The...
Mortgage Delinquencies Fall, Foreclosure Inventory Rises. (Business Alert)
ACCORDING TO THE LATEST QUARTERLY National Delinquency Survey (NDS) conducted by the Mortgage Bankers Association of America (MBA), the share of homeowners paying their mortgages late decreased in fourth-quarter 2001, while the percentage of mortgages...
Once-Elusive Technologies Now Reality for Small to Medium-Sized Mortgage Bankers
IN THE OCTOBER 2001 ISSUE OF MORTgage Banking, Angelo Mozilo, chairman, chief executive officer and president of Calabasas, Californiabased Countrywide Credit Industries Inc., laid it on the line-stating that, without superior technological capabilities,...
Raines Wants Baseball in D.C
On The Road IN A SOLO APPEARANCE AT THE PLATE AT the National Press Club in Washington, D.C., in January, Fannie Mae Chairman and Chief Executive Officer Frank Raines told the gathered journalists what they wanted to hear. "We will have RFK Stadium ready...
Raines Wants Baseball in D.C. (on the Road)
IN A SOLO APPEARANCE AT THE PLATE AT the National Press Club in Washington, D.C., in January, Fannie Mae Chairman and Chief Executive Officer Frank Raines told the gathered journalists what they wanted to hear. "We will have RFK Stadium ready by spring...
S&P Examines Outlook for Subprime Home-Equity. (Business Alert)
ACCORDING TO THOMAS WARRACK, A director in New York-based Standard & Poor's (S&P's) residential mortgage-backed securities (RMBS) sector, delinquencies have increased moderately in tandem with the current economic slowdown, but it is unclear...
Taking Stock
COVER REPORT: SECONDARY MARKET With the economy perking up and the stock market starting to roll, what's the outlook for mortgage industry stocks? THE CLANG OF THE OPENING BELL AT THE NEW YORK Stock Exchange has taken on a whole new tone as the nation's...
Taking Stock: With the Economy Perking Up and the Stock Market Starting to Roll, What's the Outlook for Mortgage Industry Stocks? (Cover Report: Secondary Market)
THE CLANG OF THE OPENING BELL AT THE NEW YORK Stock Exchange has taken on a whole new tone as the nation's economy drags itself back from recession. March came in like a lion on Wall Street, with the Dow Jones Industrial Average hitting 10,368.86 the...
The Day the Fax Machines Disappeared
e Mortgage This is the story of Bootstraps Mortgage, a mid-sized West Coast mortgage company, and its chief executive officer, Will Cambio. THE STORY YOU ARE ABOUT TO READ may seem unbelievable or impossible. I leave it up to you to decide whether it...
The Day the Fax Machines Disappeared. (eMortgage)
THE STORY YOU ARE ABOUT TO READ may seem unbelievable or impossible. I leave it up to you to decide whether it is true or not, or even possible. This is the story of Bootstraps Mortgage, a mid-sized West Coast mortgage company, and its chief executive...
The Predatory Lending Obstacle Course
Do more restrictive laws on predatory lending curb abuses or just discourage lenders from serving the borrowing needs of nonstandard borrowers? IT IS A TOPIC SO EXTENSIVELY REPORTED AND DISCUSSED LATELY AS TO BRING TEARS OF TEDIUM TO SOME EYES. Yet the...
The Predatory Lending Obstacle Course: Do More Restrictive Laws on Predatory Lending Curb Abuses or Just Discourage Lenders from Serving the Borrowing Needs of Nonstandard Borrowers? (Regulatory/Legislative)
IT IS A TOPIC SO EXTENSIVELY REPORTED AND DISCUSSED LATELY AS TO BRING TEARS OF TEDIUM TO SOME EYES. Yet the inexorable spread of regulation aimed at eradicating real and alleged predatory lending practices has rendered the subject impossible for the...