Mortgage Banker Profits Drop as Production Slows and Origination Costs Balloon

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Home Today's Headlines ATW Forums Q&A Mortgage Rates   Top Stories       Mortgage Banker Profits Drop as Production Slows and Origination Costs Balloon Lower loan volume and a decreased pull-through rate led to higher production costs and reduced profits for independent mortgage companies and subsibiaries... - MND NewsWire New Construction of Single-Family Homes Goes Stagnate After a huge improvement in May, multi-family housing starts led the overall starts number lower with a 26,000 unit decline. Single-family starts fell... - MND NewsWire HECMs Stuck in Reverse. HUD Considers "Two Product" Solution As home prices have continued their downward spiral, another reduction in reverse mortgage proceeds coupled with a spike in premiums seniors pay for FHA... - Voice of Housing Mortgage Rates Not Following the... - Mortgage Rate Watch FHA Commissioner Discusses Underwriting... - MND NewsWire Small Banks Behind on TARP Repayment;... - Pipeline Press Rates Chop Around Range as Stocks... - MBS Commentary Homelessness: Focus Shifts to Shelters... - MND NewsWire DATA FLASH: Housing Starts Down... - MBS Commentary A Mortgage Market Specific Summary... - MND NewsWire Home Builder Confidence Expectedly... - MND NewsWire »View more top stories jeffer90576 Profile View Edit Member Toolbox -MBS/Treasury Quotes -Mortgage Rates -Write an Article -Mobile MND -News / Rate Widgets -Manage Email Alerts -Update Profile -Not a Premium Member Yet? Upgrade Here. MBS Quotes FNMA 4.0 101-19 0-01 FNMA 4.5 103-24 0-01 FNMA 5.0 105-29 0-01 FNMA 5.5 107-17 0-03 FNMA 6.0 108-21 -0-01 Updated: 7/20/10 4:35 PM Treasuries 3 MO 0.1600 0.0129 2 YR 0.6100 0.0255 5 YR 1.7100 0.0104 10 YR 2.9800 0.0263 30 YR 3.9900 0.0128 Updated: 7/20/10 5:51 PM Mortgage Rates 30 Yr FRM 4.68 0.02 15 Yr FRM 4.06 0.01 FHA 30 Year 4.69 0.01 Jumbo 30 Year 6.10 0.02 5/1 Yr ARM 3.70 0.02 Updated: 7/20/10 8:15 PM Latest Video       View:All Videos Fight on the Home Front 7/20/2010 Struggling homeowners taking mortgage modifications are seeing their credit scores take a hit, with Rep. Jackie Speier, (D-CA) and Mark Calabria, Cato... June Building Permits Up 2.1% 7/20/2010 Insight on housing starts and building premits, with CNBC's Rick Santelli. June Housing Starts in U.S. Decrease More Than Forecast: Video 7/20/2010 July 20 (Bloomberg) -- Housing starts fell in June to the lowest level since October as a slump in sales following the expiration of a government tax incentive... Around The Web       More Than 40% Leave Obama Mortgage-Aid Program in June Unemployment Benefits Bill Clears Key Vote Lowest Level of Housing Activity Since WW II Solving Haiti's Housing Problems with Old Tires, Bottles Secondary Sources: Fannie and Freddie, Panic, Social Security State Unemployment Rates: Generally lower in June Remember Jumbo Loans? They're Back! Moody's: Commercial Real Estate Price Index increases in May Lawler: Preview on Existing Home Sales Global Housing Boom »View All Recent Articles JOIN THE CONVERSATION Recent Comments Jason Harris on 7/20/2010 - read this comment John, The point that Bryan is making is that many folks make a mistake when shopping too hard. For example, there are plenty of people in this business who do not have the first clue about how to efficiently... John Roberts on 7/20/2010 - read this comment Bryan, I wouldn't "slit your throat for a nickel", but I am cost conscious. Having a 1 and 3 year old counting on you tends to do that. However, I am in the process of getting my third loan... Bryan/Mortgage Finance Group, Inc. on 7/20/2010 - read this comment Agreed - Getting the job done professionally, timely, and at competitive rates/fees trumps all. When a potential client leads with the question "What's the lowest rate you can offer for...?"... Larry Gray on 7/20/2010 - read this comment Is anyone able to successfully sell themselves over discussing rates these days very often? Or is it becoming the central part of acquiring new clients for you? My lender most competitive on rates/pricing... Questions What percentage of rent on an option to buy would go toward the... When, if at all, is a basement considered part of the homes square... If I become the owner of a home property by a quick deed, am... How can I get jobs doing broker priced opinions with pay and... Answers Can a person have two or more second home loans? How can I pay-off a mortgage faster? I am in the middle of a short sale and am now being told that... How do I prove my true income when I work for tips? I average... Forum Discussions What if you sell your home before it goes into a full foreclosure and the bank auctions it off? No beneficiaries at the time of death, what happens to the mortgage? Loan Scenario: CA, $400,000, 588, Purchase VA IRRRL without an appraisal? Sell My House Quickly Loan Scenarios Post | View All   State Date Amount Loan Type MD 7/16/2010 880,000.00 Refinance (Rate and Term) WA 7/13/2010 209,000.00 Refinance (Rate and Term) NV 7/5/2010 1,800,000.00 Construction CA 7/2/2010 400,000.00 Purchase CA 7/2/2010 333,000.00 Refinance (Rate and Term) FL 7/2/2010 700,000.00 Cash Out Refinance Mortgage News Daily

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