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. 65, No. 4, January

A New Level of Industry Maturity: Commercial Real Estate Has Earned Its Place in the Pantheon of Stable and Attractive Investment Classes. While a Smaller Market Than Stocks or Bonds, the Real Estate Market Has New Followers
REAL ESTATE AS AN INVESTMENT CLASS has finally come of age and continues to gain the respect of institutional and retail investors. [ILLUSTRATION OMITTED] Having earned its place with Main Street investors over the past several years when it...
Avoiding Blind Spots
AT THE MORTGAGE BANKERS ASSOCIAtion's (MBA's) Annual Convention in San Francisco this past October, Tim Doyle, director of government affairs at MBA, said, "Emerging [market] borrowers are here, but we're not doing a good job of serving them." To do...
Borrowers Adjust to Higher Rates
CONSUMERS "LOOK FOR ALTERNATIVES to fixed-rate mortgages" when rates are rising, says Michele Nichols, vice president of operations at US Capital Financial Services Inc., a mortgage brokerage in Brandon, Florida. Borrowers who need jumbo loans gain...
Builder Joint Ventures: Several Lenders Are Hot on the Trend of Setting Up Joint Ventures with Home Builders. Big-Name National Lenders as Well as More Moderate-Sized Lenders Are Making These Ventures Work. They Are Also Being Used to Target Emerging-Markets Business
LAST YEAR SAW DEMAND FOR NEW homes continue to soar. Mortgage lenders today are fully realizing what a boon partnerships with home builders can be to their business. Joining forces with home builders has become a popular way to obtain quality purchase-origination...
Business/industrial Parks' Slow Recovery: Recovery Is under Way for Industrial and Business Parks. Three Markets-Northern New Jersey, Chicago and Los Angeles-Illustrate the Factors Fueling the Rebound in the Nation's Stronger Industrial Markets
THE NATION'S BUSINESS/INDUSTRIAL PARK MARKET IS GRADUALLY recovering, following a lackluster 2003. However, this recovery is by no means evenly spread across the board. It's proceeding slowly even in the strongest industrial markets. [??] The national...
California Office and Industrial Markets Making a Comeback
ACCORDING TO RESULTS OF THE CASDEN REAL Estate Economics Forecast released by Los Angeles-based University of Southern California's (USC's) Lusk Center for Real Estate, slow-moving indicators in the office and industrial markets have camouflaged the...
Commercial Real Estate Market Demand Growing
ACCORDING TO THE CHICAGO-BASED NATIONAL Association of Realtors' (NAR's) Commercial Real Estate Quarterly, growth in the U.S. economy and a rise in exports will raise demand for commercial real estate space over the next two years, with increases in...
Consumers Rate the Post-Boom Industry: The Overall Mortgage Industry Customer-Satisfaction Rating Inched Up a Point from the Same Study Done a Year Ago. the New Research Prepared for Mortgage Banking by CFI Group Shows Strong Improvement among First-Time Buyers' Satisfaction Ratings
CERTAINLY EVERYONE IN THE MORTGAGE industry spent the year 2004 living the old cliche, "Change is the only constant." The refinancing boom continues to wind down, bringing overall origination volumes with it. New products and go-to-market strategies...
Digital Disclosures
OVER THE YEARS, I'VE SEEN A NUMber of surveys of mortgage origination companies that ask what these firms are looking for in software. They typically poll companies' management teams about what applications and solutions they want. While this information...
Ginnie Mae's Rosenfeld Appointed FHFB Chairman
RONALD A. ROSENFELD, FORMERLY PRESIdent of Ginnie Mae, took the oath of office Dec. 16 to become a member and chairman of the Federal Housing Finance Board (FHFB). He was nominated to the Federal Housing Finance Board in October by President George...
Homeownership Rates Lower for Migrants Moving to Emerging Gateway Cities
ACCORDING TO A STUDY BY THE UNIVERSITY of Southern California's (USC's) Lusk Center for Real Estate, Los Angeles, both foreign-born and U.S.-born migrants who move to one of 14 "emerging gateway cities" have lower homeownership rates than households...
House Prices Show Annual Rise of Nearly 13 Percent
THE OFFICE OF FEDERAL HOUSING ENTERprise Oversight's (OFHEO's) quarterly House Price Index (HPI) showed average U.S. home prices increased 12.97 percent from the third quarter of 2003 through the third quarter of 2004. Appreciation for third-quarter...
Housing Market Ends 2004 Strongly
ACCORDING TO THE NATIONAL ASSOCIATION of Realtors (NAR), Chicago, stronger-than-expected home sales and higher median prices have caused the organization to revise upward its year-end 2004 forecast. Existing-home sales are expected to jump 7.9 percent...
Industry Leaders Likely to Outsource
ACCORDING TO A STUDY OF MORTGAGE industry leaders conducted by Ocwen Financial Corporation, West Palm Beach, Florida, 42 percent of respondents said they are likely to outsource at least some services within the next two years. The Ocwen-sponsored...
Integrating Disparate Mortgage Processing Systems
WHAT IS THE SECRET TO A GREAT marriage? Libraries of books have been written on the subject. One thing is certain: A successful marriage is much more than simply "two becoming one." As with marriage, the merger of two banks involves many challenges....
Life Companies Still like Real Estate: The Share of Commercial Real Estate Loan Originations by Life Companies Has Slipped in Recent Years as Conduits Have Come on Strong. but Life Companies Still like Commercial Mortgages, and Their Origination Volume Should Remain Strong in 2005
LIFE INSURANCE COMPANIES HAVE BECOME LESS DOMINANT originators of commercial real estate debt as the commercial mortgage-backed securities (CMBS) market has taken off in the last few years. In fact, it is estimated that as much as 40 percent of commercial...
Lofty Ambitions: In Many Markets Today, Converted Old Urban Buildings Are Becoming Prime Loft Space for a Growing Market of Tenants
Lofts are hot. If you Google the word "lofts," you'll get 624,000 results pointing you to projects in places you would expect (San Francisco, Chicago, Manhattan) and some you wouldn't (Galveston, Texas; Tampa, Florida; Columbus, Ohio). All over...
MBA/STRATMOR Group Survey Shows Profits Down for First Half of 2004
ACCORDING TO FIGURES FROM THE LATEST peer group survey and roundtables conducted by MBA and the STRAT-MOR Group, overall pre-tax production margins for mortgage banking companies declined by 40 percent during the first half of 2004. While the Peer...
Moderation in the Outlook: A Modest Rise in Rates and Moderation in the Pace of Economic Growth Are Both Part of the Outlook for 2005. Some Wild Cards Include the Price of Oil and Potential Fall-Off in Foreign Demand for U.S. Debt and Mortgage-Backed Assets
THE MORTGAGE INDUSTRY COMPLETED A FOURTH-STRAIGHT RECORD YEAR of home-purchase fundings in 2004, all the while looking over its shoulder. Could the good times possibly continue? When will the other shoe finally drop? How hard will the industry be hit...
Moody's Downgrades Five Classes of Banc of America Commercial Mortgage
NEW YORK-BASED MOODY'S INVESTORS Service affirmed the ratings of 12 classes and downgraded the ratings of five classes of Banc of America Commercial Mortgage Inc. commercial mortgage passthrough certificates, series 2001-1 as follows: class A-1, $112,...
Part 2: AMCO's Board Adds Kemp
ON OCT. 11, 2004, FORMER U.S. DEPARTMENT OF HOUSing and Urban Development (HUD) Secretary Jack F. Kemp joined Cleveland-based AMCO's board of directors as its newest member. AMCO, an independent valuations solutions company, beefed up its board of...
Preparing for an IPO
IF YOU BELIEVE YOUR COMPANY IS A CANdidate to go public, the best time to start planning is at least two years in advance. A good first step is to develop a three-year business plan. The discipline required to prepare a detailed business plan forces...
Rates Not the Problem
MORTGAGE BANKERS ARE SETTLING IN FOR MUCH LEANER TIMES IN 2005. WHILE SALES activity is still brisk in both homes and commercial properties, it can't add up to the level of financing that took place in the last two years when refis were in full throttle....
Residential Mortgage Delinquencies and Foreclosures Down from 2003
THE MORTGAGE BANKERS ASSOCIATION'S (MBA's) third-quarter 2004 National Delinquency Survey (NDS) shows that the seasonally adjusted (SA) delinquency rate for mortgage loans on one-to-four-unit residential properties was 4.41 percent at the end of third-quarter...
Second WTC Insurance Verdict Favors Leaseholder
A VERDICT WAS REACHED IN THE SECOND World Trade Center (WTC) insurance case, citing the World Trade Center attacks as two distinct occurrences. The decision puts Larry Silverstein, president and chief executive officer of Silverstein Properties, New...
The Hispanic Housing Boom: During the Next Few Years, Lenders Will Be Doing Their Best to Tap Growing Demand from Hispanic Homebuyers. the Numbers All Indicate This Is Where a Large Slice of New Home-Buying Demand Will Come From
EARLIER LAST YEAR, THE FIRST AMERICAN CORPORATION, SANTA ANA, CALI-FORNIA, announced it had a formed an alliance with the National Association of Hispanic Real Estate Professionals (NAHREP), San Diego, a trade organization for Latinos in the real estate...
Top 30 Counties-Existing-Home Transactions
Top 30 Counties--Existing-Home Transactions Third-Quarter 2004, Nationwide / Sort Order: Number of Loans Market Avg. Rank County Count Dollar Amount Share Amount 1 ...
Top 30 Counties-New-Home Transactions
Top 30 Counties--New-Home Transactions Third-Quarter 2004, Nationwide/Sort Order: Number Of Loans Market Rank County Count Dollar Amount Share Avg. Amount 1 MARICOPA, AZ...
Transitioning out of Transition
FOR MOST OF THE LAST FOUR YEARS THE mortgage business has been the apple of the economy's eye. Even the shrinking market of 2004 represented the second-largest origination year ever. While things have been real good for a real long time, there is...
Trickle Training and Echo Training
IT WOULD BE NICE IF, WHEN PEOPLE NEEDed a skill set, you could send them to training, they would acquire the skill set and that would be the end of it. Sometimes it does work that way--especially with mechanical skill sets. A soldier is expected...
U.S. Markets Still Tempting to Foreign Money: Foreign Investors Have Been Pouring Money into U.S. Real Estate in Recent Years. in 2003, One Survey Estimates That Foreign Investment in Our Real Estate Markets Grew by 59 Percent
ONLY IN THE LAST 30 YEARS OR SO HAVE FOREIGN INVESTORS COME TO EXERT a major impact on U.S. investment markets. In fact, according to a recent Wall Street Journal column, in the last 25 years the value of U.S. assets abroad has declined dramatically...
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