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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 15, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7 percent compared with the previous week.

Commercial/Multifamily Mortgage Debt Outstanding Down 1.3 Percent on Bank and CMBS Balances in 3Q...

Washington, DC - December 14, 2010 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased in the third quarter, to $3.2 trillion, according to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data.

MBA Study Shows Mortgage Banker Production Profits Improved with Higher Refinancing Activity in Third...

WASHINGTON, DC - December 14, 2010 - (RealEstateRama) -- Independent mortgage banks and subsidiaries made an average profit of $1,423 on each loan they originated in the third quarter of 2010, up from $917 per loan in the second quarter of 2010, according to the Mortgage Bankers Association (MBA)’s 3rd Quarter 2010 Mortgage Bankers Performance Report released today.

MBA Launches Council on Residential Mortgage Servicing for the 21st Century

WASHINGTON, D.C. - December 9, 2010 - (RealEstateRama) -- Michael D. Berman, CMB, Chairman of the Mortgage Bankers Association (MBA) and John A. Courson, MBA's President and CEO, announced today the MBA has assembled a task force of key MBA members to examine and issue recommendations for the future of residential mortgage servicing. The Council on Residential Mortgage Servicing for the 21st Century will be led by Debra W. Still, CMB, President and Chief Executive Officer of Pulte Mortgage LLC of Englewood, CO and MBA's Vice Chairman.

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 8, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 3, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.8 percent compared with the previous week, which included the Thanksgiving Holiday.

MBA Sends Letter to FHA on Proposed Lender Indemnification Guidance

WASHINGTON, D.C. - December 7, 2010 - (RealEstateRama) -- On Monday, December 6, 2010, The Mortgage Bankers Association, (MBA) submitted the attached comment letter to the Federal Housing Administration (FHA) on the proposed guidance for the Department of Housing and Urban Development (HUD), Federal Housing Administration Single Family Insurance process: Eligibility, Indemnification, and Termination. The proposed rule, which would affect lenders who participate in the Lender Insurance (LI) process, would provide more stringent indemnification requirements regarding mortgagee indemnification to HUD

MBA Statement on Fiscal Commission Proposal

WASHINGTON, D.C. - December 2, 2010 - (RealEstateRama) -- Michael D. Berman, CMB, Chairman of the Mortgage Bankers Association, today issued the following statement reacting to the proposal from the co-chairs of the National Commission on Fiscal Responsibility and Reform.

MBA: Commercial and Multifamily Mortgage Delinquency Rates Mixed in Third Quarter

Washington, DC - December 1, 2010 - (RealEstateRama) -- Delinquency rates for different commercial/multifamily mortgage investor groups were mixed in the third quarter, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. The delinquency rate for loans held in CMBS is the highest since the series began in 1997. Delinquency rates for other groups remain below levels seen in the early 1990's, some by large margins.

Refinance Activity Continues to Decline as Rates Rise in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- ” The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 16.5 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Thanksgiving holiday. On an unadjusted basis, the Index decreased 34.2 percent compared with the previous week

Mortgage Purchase Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - November 24, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 19, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.1 percent compared with the previous week.

MBA Names Patrick “P.J.” Harrigan as Chair of Mortgage Action Alliance Steering Committee

Washington, D.C. (November 18, 2010) – Patrick “P.J.” Harrigan of Franklin American Mortgage Co. has been named the chairman of the Mortgage Action Alliance Steering Committee, the grassroots advocacy affiliate of the Mortgage Bankers Association (MBA)

CampusMBA Extends Partnership with Insurance Advisors to Offer Live Online Workshops for Commercial/Multifamily Professionals

WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced it has extended its partnership with Stamford, Connecticut-based Insurance Advisors LLC. Under the agreement, CampusMBA, in conjunction with Insurance Advisors, will offer live online workshops addressing insurance issues for commercial/multifamily real estate loans.

Delinquencies and Loans in Foreclosure Decrease, but Foreclosure Starts Rise in Latest MBA National...

WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 9.13 percent of all loans outstanding as of the end of the third quarter of 2010, a decrease of 72 basis points from the second quarter of 2010, and a decrease of 51 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased one basis point to 9.39 percent this quarter from 9.40 percent last quarter. The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure.

Mortgage Applications Decline as Mortgage Rates Jump in Latest MBA Weekly Survey

WASHINGTON, D.C. - November 17, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 12, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 14.4 percent on a seasonally adjusted basis from one week earlier. The results do not include an adjustment for Veterans Day. On an unadjusted basis, the Index decreased 15.0 percent compared with the previous week.

Register Today for MBA’s 3rd Quarter 2010 National Delinquency Survey (NDS) Conference Call

WASHINGTON, D.C. - November 16, 2010 - (RealEstateRama) -- Conducted quarterly since 1972, MBA's National Delinquency Survey covers more than 40 million loans on one-to-four-unit residential properties, representing more than 80 percent of all first-lien residential mortgage loans outstanding in the United States.

MBA’s Quinn Sounds Caution on Senate Housing Package

WASHINGTON, D.C. (February 14, 2008) – Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) expressed reservations about several of the provisions contained in the Foreclosure Prevention Act of 2008, introduced in the Senate yesterday.Mr.

Mortgage Applications Decrease In Latest MBA Weekly Survey

WASHINGTON, D.C. (February 20, 2008) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 15, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 822.8, a decrease of 22.6 percent on a seasonally adjusted basis from 1063.5 one week earlier.

MBA Reports Commercial/Multifamily Originations Down in Q4

Washington, DC - February 4, 2008 - Commercial and multifamily mortgage bankers' loan originations fell on a year-over-year basis in the fourth quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Fourth quarter originations were sixteen percent lower than during the same period last year.

MBA’s “Stop the Cram Down Resource Center” Puts a Price Tag on Bankruptcy Reform

WASHINGTON, D.C. - Jan. 15, 2007 - A proposed change in the bankruptcy law that would allow bankruptcy judges to unilaterally change the terms of mortgage contracts would cost home buyers across the country hundreds of dollars every month and thousands of dollars a year, according to a new resource on MBA’s website

CampusMBA Launches Robust “Enterprise Certification Program”

WASHINGTON, D.C. - January 11, 2008 - CampusMBA, the award winning education division of the Mortgage Bankers Association (MBA) today launched the Enterprise Certification Program, a specialized and comprehensive bundle of top tier, certification-based and results-oriented learning solutions designed to elevate and uphold a company's quality and excellence.