home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


Increased 2005 Production Expected by Community Bankers

Half of surveyed banks expect increase in fundings

February 9, 2005

By COCO SALAZAR


Residential real estate finance originations will rise this year. At least that's what the nation's community bankers expect.

Nearly half of community banks expect their single-family mortgage volume to increase from 2004, while only 21% forecast a shrinkage, according to America's Community Bankers' 12th Annual Real Estate Lending Survey.

The survey reportedly compiled the responses of 553 small-and medium-sized banks nationwide. The questionnaire was mailed to the banks in the fourth quarter and requested information as of Sept. 30, 2004.

Optimism in the sector contrasts the fallout expected for mortgage lenders as a whole: Projected industry production for 2005 is $2.5 trillion, according to the Mortgage Bankers Association, off from $2.9 trillion last year.

A majority of the bankers anticipate higher home equity volume than in 2004.

The responses reportedly showed that the share of fixed-rate mortgage production decreased last year to 70% from 79% in 2003, while ARM share jumped to 30% from 21%.

As a percentage of originations, loans sold in the secondary market decreased from half in 2003 to 43%. Banks lowered the percentage of loans they sold to Fannie Mae and Freddie Mac from 32% to 18% last year, while they increased the percentage of loans sold to conduits/wholesalears, the Federal Home Loan Banks and other financial institutions from 15% to 24%, according to the announcement.

Respondents said the most often used conduits were Washington Mutual, Countywide, CitiMortgage, ABN AMRO, Chase Manhattan and Wells Fargo.

The survey also found that the use of underwriting and origination technology has stabilized, as 66% of the lenders reported using automated underwriting systems and automated originations technology, and two-thirds of these respondents linked them together.

About three-quarters of the banks said they offered general mortgage-related information on the Internet, an improvement from only 57% in 2003. More than half, or 52%, of the respondents provide mortgage rate and production information, 21% accept applications online and 9% give an approval or rejection online, the ABC reported.


Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.

email: [email protected]


SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders