Tag Archives: independent mortgage banks

“In recent years, housing inventory constraints and home-price appreciation have resulted in rising average loan balances for single-family homeownership. Yet, financing lower balance loans is an essential way for the mortgage industry to facilitate access to affordable, lower-valued homes,” said MBA’s VP of Industry Analysis Marina Walsh, CMB.

A white paper laid the groundwork for housing finance policies for independent mortgage banks that can ultimately benefit low- and moderate-income homebuyers. Here’s what it recommended.

The latest data on independent mortgage banks and mortgage subsidiaries of chartered banks reports reduced profitability on the production side of the business outweighed servicing gains.