MGIC Connects | Mortgage Industry Blog
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Founded in 1957 by Max Karl, MGIC has pioneered the modern private mortgage insurance industry. MGIC Connects is a mortgage industry blog where experts share their insights to help readers learn about mortgage finance and the mortgage industry.
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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
MGIC Connects | Mortgage Industry Blog
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