Tag Archives: mortgage originations

A working paper titled, “What’s Behind the Non-Bank Mortgage Boom?”, released by the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School found that, non-bank lending institutions have increased their market share of agency purchase mortgage originations from 27 percent in mid-2012 to 48 percent in late 2014. The study is authored by senior fellow, Marshall Lux, and research assistant, Robert Greene.

Adapting automation technology on a timely basis to help lenders weather increasing regulatory demands, meet mandates and stay ahead of the competition relies on a solid workflow management foundation.

The decline can be attributed to a reduction of $757 in equity investment income and $211 million related to additional market-related adjustments on the bank's debt securities portfolio, due to long-term lower interest rates' impact.

“Purchase application volume picked up for the week and on a seasonally adjusted basis reached its highest level since January 30, 2015, and continues to run about 3 percent ahead of last year’s pace,” MBA Chief Economist Mike Frantantoni said. “Low mortgage rates and more importantly continued improvements in the job market are the likely drivers behind this increase.”