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.

Mortgage Technology news
Technology news for originators, executives and servicers. Coverage of LOS systems, loan product and p r i c i n g engines and other technology offered to the mortgage industry.


Community Bankers Expand Online

America's Community Bankers release survey

February 9, 2006

By MortgageDaily.com staff


Community bankers are expanding mortgage products and services and remain optimistic about their lending activity this year, despite declining volume. The group saw the share of bankers using automated applications nearly double.

Those were findings derived from the responses of 239 community banks to the 13th annual Real Estate Lending Survey by America's Community Bankers.

In the single-family category, 41 percent expect increased volume, down from 48 percent in the 2005 survey. But 37 percent anticipated stability in single-family originations, compared to 31 percent a year ago, according to the announcement.

ACB said 90 percent of the respondents expect to do as much or more home equity business in 2006, down from 97 percent in the previous survey.

The share of fixed-rate mortgages fell to 58 percent from 78, with the 30-year loans accounting for the majority. Fifteen-year loans were outpaced by 5/1 ARMs, which had an 18 percent share. Interest-only loans comprised 8 percent of originations, according to the announcement.

The percentage of bankers accepting applications online jumped 16 percent annually to 37 percent, ACB reported. Those who said they could render decisions online grew from 9 percent to 17 percent, while 1 percent offered online closings.

Rising home prices helped fuel a surge in jumbo mortgages, as these accounted for 23 percent of overall production. Other nonconforming loans also represented a growing portion of community bankers output last year, with the share for Alt-A loans at 3 percent and for subprime at 1 percent, the announcement said.

One-third of respondents retained all loans in portfolio, ACB reported.

Sales into the secondary market as a percentage of originations remained stable in 2005, with 34 percent sold. About two-fifths of this volume was sold to conduits/wholesalers, with the most often used identified as Countrywide, CitiMortgage, Washington Mutual, SunTrust and Wells Fargo. One-fifth was sold to Freddie Mac and Fannie Mae, and the rest to the Federal Home Loan Banks and other financial institutions.


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.


Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.



Mortgage Rate News | Mortgage Market Index | ARM indices | ARM Statistics
Average fixed and ARM rates. Rate forecasts. Quotes on ARM indexes including COFI, MTA, LIBOR & Treasuries. Rate reset studies and reports. Mortgage rate litigation.



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