In this episode of Lykken on Lending, David interviews Michael Fratantoni, Chief Economist and Senior Vice President of Research and Industry Technology at the Mortgage Bankers Association regarding his insights about the costs associated with loan origination.
Michael is responsible for overseeing MBA's industry surveys and benchmarking studies, economic and mortgage originations forecasts, and industry technology efforts. Additionally, Fratantoni is the Executive Director of MBA’s Research Institute for Housing America (RIHA) and President of the Mortgage Industry Standards Maintenance Organization (MISMO).
Topics Covered in this Episode:
Listen: Economic Update
Listen: The reason why builders can't put up more units... the 4 L's... Labor, Lumber, Land, and Lending...
Listen: Millenials and Boomers...
Listen: A look at the legislative perspective...
Listen: A lot of talk about margin compression...
Listen: Why small builders have difficulty...
Listen: How digital mortgages will reduce costs...