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Special Report: Defaults & Loss Mitigation.(Brief Article)
The mortgage servicing industry is facing some challenges. Never mind the impairment and amortization charges that have been piling up on balance sheets as homeowners refinance their loans at a record pace. With portfolio churning at a record pace, lenders find that their capacity to board loans on a servicing system and manage lien releases is being stretched. Customer service and call centers are also being challenged by the turnover. On the bright side, with a weak economy, staff turnover rates are down from a few years ago.
If you are in the mortgage industry today, it is imperative that you find ways to increase efficiency by maintaining or, ideally, increasing the number of loans you service per full-time employee. Recently, data from the Mortgage Bankers Association of America suggests that industrywide, loans serviced per FTE declined last year - not surprising given the challenges of managing portfolio churning ...
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- Newspaper article from: Knight Ridder/Tribune Business News December 31, 2001 700+ words
...at a record high. "The peak of the refinancing boom has passed," the Mortgage Bankers Association of America proclaimed. The...record for the pre-Christmas week, the mortgage bankers said, sending the association's index...
- Nation Sees Refinancing Boom in August, September.
- Newspaper article from: Knight Ridder/Tribune Business News September 19, 2002 700+ words
...38 percent, according to the Mortgage Bankers Association of America. America...has thrust the nation into a refinancing boom, with August and the first...Colling, an economist with the Mortgage Bankers Association. "And it's been...
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- Newspaper article from: Chicago Sun-Times JOE CATALANO February 23, 1996 700+ words
...homeowners are again coming down with refinancing fever. "We are in the middle of a refinancing boom," said David Lereah, chief economist for the Mortgage Bankers Association, a trade group that tracks lender activity. Some people are refinancing...
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...economic recovery, the refinancing boom has become a whisper...what sustained the refinancing boom was the fact that...according to the Mortgage Bankers Association of America...Piecenski said. The refinancing boom took off in January...
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- Newspaper article from: The Orlando Sentinel (Orlando, Florida) (via Knight-Ridder/Tribune Business News) May 10, 2002 700+ words
...this year, the refinancing boom is expected to continue...economist for the Mortgage Bankers Association of America...when the first big refinancing boom occurred in the...recalled that, in the refinancing boom of 1986, a "good...
- Refinancing Boom Threatens to Bust.
- Newspaper article from: Knight Ridder/Tribune Business News August 10, 2003 700+ words
...America's mortgage refinancing boom -- which has put...Washington at the Mortgage Bankers Association of America...monthly payments. The refinancing boom propped up an economy...Duncan, of the mortgage bankers association, says...
- Refinancing Boom May Be Ending, Some Mortgage Industry Experts Say.
- Newspaper article from: Knight Ridder/Tribune Business News July 20, 2003 700+ words
...chief economist for the Mortgage Bankers Association. "This happens...on to purchases." The Mortgage Bankers Association of America...vacations. But Duncan of the mortgage bankers' association says the...for the effects of the refinancing boom slowing." Not everyone...
Source: HighBeam Research, Special Report: Defaults & Loss Mitigation.(Brief Article)