“In recent years, housing inventory constraints and home-price appreciation have resulted in rising average loan balances for single-family homeownership. Yet, financing lower balance loans is an essential way for the mortgage industry to facilitate access to affordable, lower-valued homes,” said MBA’s VP of Industry Analysis Marina Walsh, CMB.
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Implementing Regulation for Independent Mortgage Banks
A white paper laid the groundwork for housing finance policies for independent mortgage banks that can ultimately benefit low- and moderate-income homebuyers. Here’s what it recommended.
Read More »Mortgage Lenders Experience a Drop in Profits
The latest data on independent mortgage banks and mortgage subsidiaries of chartered banks reports reduced profitability on the production side of the business outweighed servicing gains.
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