MBA
MBA Comments on Proposed Loan Officer Compensation Rule
WASHINGTON, D.C. - August 21, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement on the Loan Officer Compensation proposed rule released today by the Consumer Financial Protection Bureau (CFPB).
MBA Statement on Treasury Announcement of Modifications to Agreements with GSEs
WASHINGTON, D.C. - August 20, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the U.S. Treasury Department’s announcement of modifications to the Preferred Stock Purchase Agreements (PSPAs) between the Treasury Department and the Federal Housing Finance Agency (FHFA).
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - August 15, 2012 - (RealEstateRama) -- Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 10, 2012.
MBA Announces Nomination of Bill Cosgrove, CMB as 2013 Vice Chair-Elect
WASHINGTON, D.C. - August 9, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the nomination of Bill Cosgrove, President and CEO of Union National Mortgage Company, to be its Vice Chair-Elect. He will be elected by MBA members at the Association's 99th Annual Convention, which will be held in October in Chicago, Illinois.
Mortgage Delinquencies Increase in Latest MBA Survey
WASHINGTON, D.C. - August 9, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 7.58 percent of all loans outstanding as of the end of the second quarter of 2012, an increase of 18 basis points from the first quarter, but a decrease of 86 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 41 basis points to 7.35 percent this quarter from 6.94 percent last quarter. Delinquency rates typically increase between the first and second quarters of the year.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - August 8, 2012 - (RealEstateRama) -- Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 3, 2012.
Refinance Applications Increase Again to Three-Year High in Latest MBA Weekly Survey
WASHINGTON, D.C. - August 1, 2012 - (RealEstateRama) -- Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 27, 2012.
Second Quarter Commercial/Multifamily Mortgage Originations Up 25 Percent from Q2 2011
Washington, DC - July 31, 2012 - (RealEstateRama) -- Commercial/multifamily mortgage origination volumes during the second quarter of 2012 were up 25 percent from second quarter 2011 levels, and up 39 percent from the first quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations
As Low Rate Environment Persists, Refinance Applications Reach Highest Level Since 2009 in Latest...
WASHINGTON, D.C. - July 25, 2012 - (RealEstateRama) -- Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 20, 2012.
Record Low Mortgage Rates Lead to Jump in Refinance Activity
WASHINGTON, D.C. - July 18, 2012 - (RealEstateRama) -- Mortgage applications increased 16.9 percent from one week earlier, according to data from the Mortgage...
MBA Chairman-Elect Debra Still Testifies on Qualified Mortgage Rulemaking
WASHINGTON, D.C. - July 11, 2012 - (RealEstateRama) -- Debra Still, CMB, Chairman-Elect of the Mortgage Bankers Association (MBA), today testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit at a hearing title “The Impact of Dodd-Frank’s Home Mortgage Reforms: Consumer and Market Perspectives.”
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - July 11, 2012 - (RealEstateRama) -- Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 6, 2012. This week’s results include an adjustment for the Fourth of July holiday
MBA Comments on CFPB’s Qualified Mortgage Provisions
WASHINGTON, D.C. - July 10, 2012 - (RealEstateRama) -- On Tuesday July 10, 2012, the Mortgage Bankers Association (MBA) submitted a comment letter to the Bureau of Consumer Financial Protection (CFPB) in response to the reopening of the comment period for the proposed rule to implement the Ability to Repay/Qualified Mortgage (QM) provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The letter outlines MBA’s views and recommendations as the CFPB undertakes further refinements.
MBA: First Quarter Mortgage Banker Production Profits Improve
WASHINGTON, DC - July 2, 2012 - (RealEstateRama) -- Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,654 on each loan they originated in the first quarter of 2012, up from $1,093 per loan in the fourth quarter of 2011, the Mortgage Bankers Association reported this morning.
Stevens to Stay at MBA
Washington, DC - July 2, 2012 - (RealEstateRama) -- The Mortgage Bankers Association is pleased to announce that David H. Stevens has agreed to stay on as President and CEO. Recently, Stevens indicated he planned to leave the association in order to accept a position at SunTrust Mortgage, a long-standing active MBA member.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 27, 2012 - (RealEstateRama) --Mortgage applications decreased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 22, 2012.
Government Refinance Applications More Than Double in Latest MBA Survey
WASHINGTON, D.C. - June 20, 2012 - (RealEstateRama) -- Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 15, 2012.
MBA Comments on FHFA’s Draft Strategic Plan
WASHINGTON, D.C. - June 18, 2012 - (RealEstateRama) -- On Wednesday, June 13, 2011, the Mortgage Bankers Association (MBA) sent the attached letter to the Federal Housing Finance Agency (FHFA) in response to the FHFA’s draft Strategic Plan: Fiscal Years 2013-2017. The letter outlines MBA’s views and recommendations as the FHFA undertakes further refinements and continues its implementation
Mortgage Applications Reach Highest Level Since 2009 in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 14, 2012 - (RealEstateRama) -- Mortgage applications increased 18.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 8, 2012. Last week’s results included an adjustment for the Memorial Day holiday
Commercial/Multifamily Mortgage Balances Up $8.1 Billion in First Quarter
Washington, DC - June 12, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by $8.1 billion, or 0.3 percent, in the first quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).