MBA
MBA Applauds Inclusion of Housing Provisions in the Tax Bill
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, offered the following statement lauding the inclusion of important real estate provisions in the conference report for HR 1, the Tax Cuts and Jobs Act, passed by the House of Representatives today.
MBA Statement on Financial Services Committee Passage of Mortgage-Related Bills
MBA President and CEO David H. Stevens, CMB, released the following statement regarding the final passage by the House Financial Services Committee of H.R. 2948, The SAFE Transitional Licensing Act; H.R. 4545, The Financial Institutions Examination Fairness and Reform Act; and H.R. 4560, The GSE Jumpstart Reauthorization Act of 2017.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 8, 2017.
Commercial/Multifamily Mortgage Debt Rises to $3.11 Trillion; CMBS Debt Outstanding Reverses Years-Long Decline
The level of commercial/multifamily mortgage debt outstanding increased by $45.4 billion, or 1.5%, to $3.11 trillion in the third quarter of 2017 as all four major investor groups, including Commercial Mortgage Backed Securities (CMBS), increased their holdings over the second quarter.
November New Home Purchase Mortgage Applications Increase 12.2 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for November 2017 shows mortgage applications for new home purchases increased 12.2 percent compared to November 2016. Compared to October 2017, applications decreased by 6 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
MBA Retains Spencer Stuart for President and CEO Search
The Mortgage Bankers Association (MBA) today announced that it has retained Spencer Stuart, a leading global executive search and leadership advisory firm, to assist with the search for the Association's next President and CEO. Current President and CEO, David H. Stevens, announced his plans to retire this past October. Mr. Stevens will remain in his position until September 30, 2018 to ensure a smooth and successful transition.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 1, 2017. The prior week's results included an adjustment for the Thanksgiving holiday.
MBA Chairman-Elect Chris George Testifies on Regulatory Relief
Christopher M. George, Chairman-Elect of the Mortgage Bankers Association (MBA) and the founder, President and CEO of CMG Financial, testified today before the U.S. House of Representatives Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit at a hearing entitled, "Legislative Proposals for a More Efficient Federal Financial Regulatory Regime: Part II." His full written testimony is available here. Below is George's oral testimony, as prepared for delivery
MBA Applauds HUD Announcement on PACE Loan Reforms
Mortgage Bankers Association (MBA) President and CEO David H. Stevens, CMB, issued the following statement in response to the Department of Housing and Urban Development's revised policies for Federal Housing Administration (FHA) insurance of Property Assessed Clean Energy (PACE) obligations
MBA Statement on Senate Banking Committee Approval of Regulatory Relief Bill
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA) released the following statement applauding the Senate Banking Committee and Chairman Mike Crapo (R-Idaho) for approving today S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act.
MBA Applauds Senate for Inclusion of Rounds Amendment in Tax Bill
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, offered the following statement praising efforts by Senate Leadership, Senator Mike Rounds (R-SD), Senate Finance Committee Chairman Orrin Hatch (R-UT), Senate Banking Committee Chairman Mike Crapo (R-ID) and Senator David Perdue (R-GA), to address language in Section 13221 of the Senate Tax Reform Bill relating to mortgage servicing rights (MSRs)
MBA Calls on Senate to Fix Tax Bill’s Treatment of Mortgage Servicing Rights
David H. Stevens, President and CEO of the Mortgage Bankers Association, released the following statement regarding a provision (Section 13221 ) in the Senate Tax Reform Bill that would require any item of income that an accrual taxpayer recognizes for accounting purposes, including mortgage servicing rights, also be recognized for tax purposes
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 24, 2017. This week's results include an adjustment for the Thanksgiving holiday.
Mortgage Applications Slightly Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 17, 2017.
Delinquencies Up in MBA’s National Delinquency Survey for Q3 2017
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.88 percent of all loans outstanding at the end of the third quarter of 2017. The delinquency rate was up 64 basis points from the previous quarter, and was 36 basis points higher than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
MBA Statement on Senate Regulatory Relief Legislation
David H. Stevens, President and CEO of the Mortgage Bankers Association, released the following statement applauding Chairman Mike Crapo (R-Idaho) and a bipartisan group of cosponsors on the introduction of their regulatory relief package
MBA Statement on FHA’s Annual Report to Congress
David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association, issued the following statement regarding FHA's Annual Report to Congress. "FHA and its leadership should be commended for their continued commitment to improving the value of the FHA single-family MMI fund.
MBA Statement on Resignation of CFPB Director Richard Cordray
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, released the following statement regarding the resignation of Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB):
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 10, 2017. This week's results do not include an adjustment for the Veterans' Day holiday.
Mortgage Applications Flat in Latest MBA Weekly Survey
Mortgage applications remained unchanged from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 3, 2017.