Independent mortgage banks hit a seven-year high in profits in Q3 2019, but what was the biggest cause for this record high?
Read More »Gauging the Profitability of Selling a Home
How easy is it for sellers to purchase a new home at today’s prices, even with their newfound returns?
Read More »Production Profits, Volumes Drop at Independent Mortgage Lenders
Despite a record-high first mortgage loan balance, independent mortgage banks and mortgage subsidiaries weathered falling production profits and production volumes in 2017.
Read More »Lenders’ Sentiments on Profit Margins Hit a Low Note
Lender sentiment is at an all-time low according to the latest Mortgage Lender Sentiment Survey by Fannie Mae that was released on Thursday. The profit margin outlook, as ...
Read More »Mortgage Bankers Report Rising Profits
Independent mortgage bankers profits are up, according to the Annual Mortgage Bankers Performance Report. Independent mortgage banks and mortgage subsidiaries of chartered banks made an average of $157 more on average per loan originated in 2016 compared to 2015. The report also found that average production volume was $2,679 million per company, another increase from 2016’s $2,504 million per company.
Read More »Lender Optimism High, Profits Low
Fannie Mae’s survey respondents point to competition from other lenders and market trend changes, such as a shift from refinance to purchases, as top reasons for low profit margins. However, respondents point to government regulatory compliance, a historically top reason for lenders’ decreased profit outlooks, as a lesser reason.
Read More »Fannie Mae Takes Earnings Report as Positive
Like fellow GSE Freddie Mac earlier this week, Fannie Mae reported solid financial results for the third quarter. What factors drove the positive earnings for Fannie Mae?
Read More »Nationstar Beats Financial Expectations for Q3
Q3 was the first profitable quarter overall of 2016 for Nationstar Mortgage. What was the reason for the turnaround?
Read More »Freddie Mac: The News is All Positive
Freddie Mac's earnings sailed through some rough waters late last year and early this year. But there was no sign of that in Q3's earnings report.
Read More »Ocwen’s Financial Fortunes Turn Around in Q3
Ocwen reported its first quarterly profit in more than a year. What was the reason for the turnaround?
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