MBA
MBA Welcomes 14 New Members in August
The Mortgage Bankers Association (MBA) announced that in August it welcomed 14 new regular members to its ranks, which currently numbers more than 2,200 member companies. MBA welcomes the following new members
MBA Statement on Passage of Bipartisan Flood Insurance Title in FAA extension
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement applauding the House of Representatives for passing bipartisan, bicameral, clarifying language to increase acceptance of private flood insurance products as part of the Disaster Tax Relief and Airport and Airway Extension Act of 2017.
Mortgage Applications Slightly Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 22, 2017.
Commercial/Multifamily Mortgage Debt Rises to $3.06 Trillion
otal commercial and multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter of 2017, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA)'s Commercial/Multifamily Mortgage Debt Outstanding report.
Second Quarter Delinquencies Remain Low, CMBS Increases Slightly
Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the second quarter of 2017, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 9.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 15, 2017. Last week's results included an adjustment for the Labor Day holiday.
MBA Applauds Senate for Confirming Pam Patenaude
David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released a statement following the Senate confirmation of Pam Patenaude to be the Deputy Secretary of Housing and Urban Development (HUD).
MBA’s RIHA Releases Special Report on Managing Mortgage Product Development Risk
The Mortgage Bankers Association's Research Institute for Housing America (RIHA) today released a new special report, Managing Mortgage Product Development Risk." The report "recommends a more formalized approach to assessing mortgage product risk that takes into account both product and process risk." It was authored by Clifford V. Rossi, Executive in Resident and Professor at the Robert H. Smith School of Business, University of Maryland.
MBA Releases White Paper, “CFPB 2.0: Advancing Consumer Protection”
The Mortgage Bankers Association (MBA) today released a new white paper, prepared for MBA by the law firm of Covington and Burling, entitled CFPB 2.0: Advancing Consumer Protection. The paper examines the approach of the Consumer Financial Protection Bureau (CFPB) during its first five years of undertaking enforcement actions in key areas--including actions that clearly departed from prior published interpretations-without providing sufficient supervisory guidance to the industry in advance.
Statement on Brian Montgomery Being Nominated to Lead the FHA
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement about President Trump nominating Brian Montgomery to be the next Federal Housing Commissioner at the U.S. Department of Housing and Urban Development (HUD)
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 8, 2017. This week's results included an adjustment for the Labor Day holiday.
August New Home Purchase Mortgage Applications Increased 6.8 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2017 shows mortgage applications for new home purchases increased 6.8 percent compared to August 2016. Compared to July 2017, applications increased by 7 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
Mortgage Credit Availability Increases in August
Mortgage credit availability increased slightly in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
MBA Statement on Hurricanes Harvey and Irma Relief Efforts
David H. Stevens, President & CEO of the Mortgage Bankers Association (MBA), released the following statement in response to questions about what steps homeowners should take if their homes suffered damage from Hurricanes Harvey or Irma.
MISMO Seeks Input on Online Notary Standards
MISMO®, the Mortgage Industry Standards Maintenance Organization, is inviting mortgage industry participants to collaborate on developing new electronic and online notary standards and best practices for use within the mortgage process
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2017.
MISMO Seeks Input on New Closing Instruction Standards for the Mortgage Industry
MISMO, the mortgage industry's standards organization, is inviting industry participants to collaborate on new closing instruction standards, which will be designed to improve communication and avoid delays during the closing process.
MBA Statement on Hurricane Harvey and Relief Efforts
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement on Hurricane Harvey. "I want to offer my condolences and sympathy to the millions of people affected by this tragedy. Our thoughts and prayers are with them all.
MBA Statement on HECM Program Changes
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement on the recently announced changes to the Home Equity Conversion (HECM) program. "MBA applauds the announcement by HUD that it is modifying premiums and distribution limits in the HECM program, moves designed to strengthen the FHA fund and lessen risk to taxpayers.
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 August 25, 2017