Transfer Tax

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Lykken on Lending

A Weekly Podcast by Mortgage Professionals

5-11-20 Becoming Approved by Ginnie Mae and a Look Ahead after the Pandemic

With all that's going on in the mortgage industry right now we thought it'd be best to take a detailed look at what it takes to become approved by Ginnie Mae, and with that, also look to the future for what may be happening after the pandemic! In today's Hot Topic we have Gregory Keith on the program to provide us with his insights on the Ginnie Mae Approval process! Want to know more about Gregory Keith? Gregory A. Keith joined Ginnie … Show Notes

11-4-19 Hot Topic – Growing Real Estate Transfer Tax Trends and the Risk They Represent

In this episode of Lykken on Lending we have 2 guests in our Hot Topic segment: Liz Gilchrist Kelly is the Director of Research for Ernst Fee Service at Black Knight, and Jan Dalton Clark who leads sales and marketing operations for the Ernst Fee Service product at Black Knight. The growing trend of localized and graduated and otherwise … [Read more...]

11-4-19 Growing Real Estate Transfer Tax Trends and the Risk They Represent

Dale Vermillion on Industry’s Feast or Famine

Over his career, Dale Vermillion estimates he has trained more than a million mortgage and financial services professionals from more than 600 organizations. And he recently told Mortgage Media that after nearly 40 years in the industry, he has never seen the type of market we have today. “We are in the biggest feast or The post Dale Vermillion on Industry’s Feast or Famine appeared first on Mortgage Media.
Share of Loans in Forbearance by Investor Type – MBA Chart of the Week

This week’s chart shows the course of the share of loans in forbearance by investor type over the past three months – from the earliest stages of the COVID-19 pandemic to the most recent reporting. According to MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance grew from 0.25% as of The post Share of Loans in Forbearance by Investor Type – MBA Chart of the Week appeared first on Mortgage Media.
Friday Wrap: Fed Pushes Congress; Data Clouds Recovery; Housing Market Blooms

Fed pushes Congress Strong words this week from the Federal Reserve as Chairman Jerome Powell made his case on political policy. In his regular testimony to the House of Representatives Financial Services Committee, this week Powell pushed for Congress to extend unemployment insurance benefits, support state and local governments and continue to get cash to The post Friday Wrap: Fed Pushes Congress; Data Clouds Recovery; Housing Market Blooms appeared first on Mortgage Media.
Friday Wrap: Market Volatility; Yield Curve; Record Low Rates

Market volatility returns as virus concerns reignite A tumultuous final hour of trading Thursday was followed immediately by an uptick of 600 points in futures Friday morning as the Dow Jones Industrial Average tries to right the ship following a major selloff. The Dow spiraled south on Thursday afternoon, dropping 1,800 points, spurred by reports The post Friday Wrap: Market Volatility; Yield Curve; Record Low Rates appeared first on Mortgage Media.
IMB Production Revenues and Costs – MBA Chart of the Week

MBA last week released its Quarterly Performance Report for the first quarter of 2020. The total sample of 336 independent mortgage banks and mortgage subsidiaries of chartered banks earned an average pre-tax production profit of 61 basis points (or $1,600) on each loan they originated – a solid showing particularly for a first quarter. In The post IMB Production Revenues and Costs – MBA Chart of the Week appeared first on Mortgage Media.