Written By: Glenn Michaels
As an old time underwriter, more than fourty years of mortgage underwriting I feel we are heading to another housing bubble. Conversations with other seasoned underwriters also feel that we are also going down the road to another housing bubble.
SOURCE: Mortgage News Feed
Per-loan profits for nonbank lenders, although volatile in recent years, generally have trended lower as the costs to originate residential mortgage loans have increased, surveys by the Mortgage Bankers Association (MBA) suggest. In this past first quarter, the per-loan profit increased by $332, to $825 per loan, but that net gain per loan was down from $1,447 in the first quarter of 2015.
SOURCE: Mortgage News Feed
The fees that Fannie Mae and Freddie Mac charge lenders to guarantee mortgage loans actually serve as a tax on consumers and prevent more potential borrowers from becoming actual borrowers, a coalition of the nation’s largest housing groups said Wednesday.
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As the voice of today's mortgage underwriter, the National Association of Mortgage Underwriters® (NAMU®) offers a variety of mortgage underwriting training webinars, certification programs, mortgage underwriter job postings, job placement resources, networking opportunities and more. Get certified as a mortgage underwriter today, and let us help you find that right mortgage underwriting job. From networking opportunities through our members-only NAMU® Discussion Group to salary requirements, average mortgage underwriter salaries and more.
In partnership with our sister organization, the National Association of Mortgage Processors® (NAMP®), we now offer an online directory of contract processors (www.ContractProcessor.org) as a cost-effective way for contract mortgage processors to advertise their services; at the same time, allow mortgage brokers/lenders an easy way to locate qualified contract processors.
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