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Explore the MBA Economic and Mortgage Finance Outlook for insights into changing demographics, industry trends, and the potential for increased household growth. Discover key data on originations, interest rates, lending institutions, production expenses, and more.
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MBA Economic and Mortgage Finance OutlookPrepared for MBA’s Annual National Convention October 25, 2016 Presented by Lynn Fisher, Mike Fratantoni, Marina Walsh Mortgage Bankers Association
Summary of the MBA Outlook Source: MBA Forecast – October 2016
Historical and Forecasted Originations Source: MBA Forecast – October 2016
Rates Expected to Increase Source: Federal Reserve, Freddie Mac, MBA
Potential for 16 Million Additional Households by 2024Changing Demographics and Economy Plus Trends - 2.1 million +12.9 million +5.1 million • Source: IPUMS CPS and MBA
Strong Multifamily Development and Slower Single-Family • Source: Census
Changing Composition of Lending Institutions Source: HMDA
IMB Net Production Income (bps) and Average $ Volume Source: MBA’s Quarterly Mortgage Bankers Performance Report, www.mba.org/performancereport
IMB Fully-Loaded Production Expenses ($ per loan): Source: MBA’s Quarterly Mortgage Bankers Performance Report, www.mba.org/performancereport
Three Things to Watch Source: FDIC, MBA Weekly Applications Survey
MBA Research Sign-ups and Services Mba.org/PerformanceReport
Contact Information & MBA Resources Lynn Fisher, Ph.D. Vice President & Executive Director of RIHA | Research and Economics 202-557-2739 lfisher@mba.org Mike Fratantoni, Ph.D. Chief Economist & Senior Vice President | Research and Industry Technology 202-557-2935 mfratantoni@mba.org Marina B. Walsh Vice President, Industry Analysis | Research and Economics 202-557-2817 mwalsh@mba.org MBA Research: www.mba.org/research RIHA: www.housingamerica.org