Mortgage market survey: May 2021
MGIC Connects | Mortgage Industry Blog
by Tom LaMalfa
3y ago
Tom LaMalfa In early May 2021, I conducted my 25th survey of the mortgage banking industry’s thinking, attitudes and expectations. This survey is the latest in a series dating back to May 2008 and conducted every 6 months since. In it, I polled 33 senior executives from 33 separate firms. The executives answered 72 questions on a wide variety of issues and topics important to lenders and the industry. Those surveyed included 17 banks and 16 IMBs of widely varying sizes; the smallest was $170M and the largest over $200B. The group mean production was $36.8B last year an ..read more
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Jim Park Q&A: Connecting with Asian Americans in the community and the mortgage industry
MGIC Connects | Mortgage Industry Blog
by MGIC, featuring Jim Park
3y ago
MGIC, featuring Jim Park In honor of Asian American Pacific Islander (AAPI) Heritage Month, we reached out to several prominent AAPI leaders in the housing and mortgage industry to celebrate their success, learn from their experience and gain insight into the challenges facing the mortgage industry. Today, we’re happy to share this interview with Jim Park (Executive Chairman & Founding Partner of The Mortgage Collaborative). Jim discusses Asian American outreach and connection, why diversity in America isn’t going away anytime soon, and what defines the AAPI community. Some of our readers ..read more
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Danny Gardner Q&A: Overcoming hurdles to build more culturally inclusive communities
MGIC Connects | Mortgage Industry Blog
by MGIC, featuring Danny Gardner
3y ago
MGIC, featuring Danny Gardner In honor of Asian American Pacific Islander (AAPI) Heritage Month, we reached out to several prominent AAPI leaders in the housing and mortgage industry to celebrate their success, learn from their experience and gain insight into the challenges facing the mortgage industry. Today, we’re happy to share this interview with Danny Gardner (Senior Vice President of Client and Community Engagement for Freddie Mac’s Single-Family business). Danny discusses how Freddie Mac supports equitable housing, why homeownership is the backbone of family stability, and minority hom ..read more
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Patty Gong Q&A: On success and not being afraid to ask questions
MGIC Connects | Mortgage Industry Blog
by MGIC, featuring Patty Gong
3y ago
MGIC, featuring Patty Gong In honor of Asian American Pacific Islander (AAPI) Heritage Month, we reached out to several prominent AAPI leaders in the housing and mortgage industry to celebrate their success, learn from their experience and gain insight into the challenges facing the mortgage industry. Today, we’re happy to share this interview with Patty Gong (Executive Vice President of Secondary Marketing at Parkside Lending). Patty discusses her path to leadership, how women can succeed in their career journey, and why it’s important to let yourself shine. Congratulations on being named one ..read more
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Community Banks as Partners
MGIC Connects | Mortgage Industry Blog
by Kevin Hearden
3y ago
Kevin Hearden April is Community Bank Month! This month we’re spotlighting how community banks support homeownership. MGIC partners with thousands of community banks to help customers finance their version of the American Dream. According to the FDIC, there are over 4,500 community banks across the country. The majority are partners of MGIC. And we’re proud of that. The foundational element of our partnership is our shared support of homeownership. Homeownership forms the fabric of communities. We recognize it as an integral part of the American Dream. To promote homeownership, community banks ..read more
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Survey of Mortgage Market Conditions – March 2021
MGIC Connects | Mortgage Industry Blog
by Tom LaMalfa
3y ago
Tom LaMalfa The rise in the yield on the 10-year T-note since the lows of last August, then punctuated by the sharp rise from January 2021 to early March, raised the question of whether the mortgage industry was yet feeling the effects of the higher yields on production pipelines and spreads. To get some answers, 10 questions were drafted and 8 senior executives at 8 different mortgage companies were contacted to see what could be learned about activity, spreads, pricing, operations, servicing elements, and expectations. All 8 were either production or capital market executives, 3 at banks and ..read more
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Something New for New Construction and Home Renovation Opportunities
MGIC Connects | Mortgage Industry Blog
by Kevin Hearden
3y ago
Kevin Hearden People like new things. New phones, new pets, new cars, new foods… new kitchens, new bathrooms and new houses. The mere concept of “new” can trigger excitement and motivation. But other feelings often come along with this excitement. An article I read recently noted that fear is often tied to new things. I’ve found that to be true. Think about how you may have felt when taking a new job or starting a new romantic relationship. Probably excited, and probably with a measure of fear about what might go wrong. Or even how you felt about something less consequential, like skipping you ..read more
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Senator Tim Scott Q&A: Closing the Economic Gap Through Financial Literacy
MGIC Connects | Mortgage Industry Blog
by MGIC, featuring Tim Scott
3y ago
MGIC, featuring Tim Scott In honor of Black History Month, we reached out to several prominent black leaders in the housing and mortgage industry to celebrate their success, learn from their experience and gain insight into the challenges facing the mortgage industry. Today, we’re honored to share our interview with Senator Tim Scott, a Republican from South Carolina.  Senator Scott opens up about how his humble beginnings and the help of a mentor who showed him the dignity of work led to his life of public service and a dedication to helping others escape poverty. He also shares what he ..read more
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Tony Thompson Q&A: Increasing Diversity in the Mortgage Banking Industry
MGIC Connects | Mortgage Industry Blog
by MGIC, featuring Tony Thompson
3y ago
MGIC, featuring Tony Thompson In honor of Black History Month, we reached out to several prominent black leaders in the housing and mortgage industry to celebrate their success, learn from their experience and gain insight into the challenges facing the mortgage industry. Today, we’re happy to share this interview with Tony Thompson, founder and CEO of the National Association of Minority Mortgage Bankers of America (NAMMBA). Tony discusses how the lack of women, millennials and minorities in the mortgage banking industry was the impetus for founding an organization dedicated to increasing the ..read more
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Congresswoman Gwen Moore Q&A: Hope for the Future and Expanding Opportunities for Black Americans
MGIC Connects | Mortgage Industry Blog
by MGIC, featuring Gwen Moore
3y ago
MGIC, featuring Gwen Moore In honor of Black History Month, we reached out to several prominent black leaders in the housing and mortgage industry to celebrate their success, learn from their experience and gain insight into the challenges facing the mortgage industry. Today we’re honored to share this interview with Congresswoman Gwen Moore, U.S. Representative for Wisconsin’s 4th Congressional District. Gwen reflects on the events of 2020, the storming of our Capitol, and how the pandemic shined a spotlight on racial inequality and economic disparity for Black Americans. She also offers ..read more
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