Mortgage

Mortgage
MBA

Mortgage Applications Slightly Decrease in Latest MBA Weekly Survey

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 March 24, 2017
MBA

Congressional Testimony of Chairman-Elect Dave Motley on “The State of Bank Lending in America”

Dave Motley, CMB, Chairman-Elect of MBA and President of Colonial Savings, F.A. and its divisions -- Colonial National Mortgage and CU Members Mortgage testified before the House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit, during a hearing titled "The State of Bank Lending in America." Chairman-Elect Motley's prepared opening statement is enclosed below.
MBA

MISMO® Seeks Leaders to Develop New Business Glossary

The Mortgage Industry Standards Maintenance Organization (MISMO), announced today that it is seeking participants to create a new mortgage industry Business Glossary.  The MISMO Glossary will reflect all processes in the mortgage industry, from initial borrower queries to loan payoff, and all events in between, including the provision of services by vendors to regulatory reporting. 

MBA Releases 2016 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes

According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), Wells Fargo; JP Morgan Chase & Company; HFF, L.P.; Eastdil Secured; PNC Real Estate; CBRE Capital Markets, Inc.; Key Bank; Meridian Capital Group; Capital One Financial Corp.; and JLL were the top commercial/multifamily mortgage originators in 2016.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 17, 2017.
MBA

Independent Mortgage Bank Volumes Decrease, Production Profits Drop in 4th Quarter 2016

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $575 on each loan they originated in the fourth quarter of 2016, down from a reported gain of $1,773 per loan in the third quarter of 2016, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report.
MBA

Commercial/Multifamily Mortgage Debt Ends Year Strong, Despite CMBS Decline

The level of commercial/multifamily mortgage debt outstanding increased by $46.0 billion in the fourth quarter of 2016, as three of the four major investor groups increased their holdings.  That is a 1.6 percent increase over the third quarter of 2016.    On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2016 was $162.0 billion higher than at the end of 2015, an increase of 5.8 percent.
MBA

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 March 10, 2017.
MBA

Mortgage Credit Availability Increases in February

Mortgage credit availability increased in February 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

Commercial/Multifamily Delinquencies Remain Low in Fourth Quarter, CMBS Continues to Increase

Delinquency rates for commercial and multifamily mortgage loans remained low in the fourth quarter of 2016, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.
MBA

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 March 3, 2017. The previous week's results included an adjustment for the President's Day holiday.
MBA

MBA Announces New Strategic Alliance with Lenders One

The Mortgage Bankers Association (MBA) announced today a new strategic alliance with the Lenders One® Cooperative that will provide new benefits to both MBA and Lenders One member companies.
MBA

MBA Statement on Dr. Ben Carson Being Confirmed as HUD Secretary

Statement by MBA President & CEO David Stevens on the U.S. Senate approving the nomination of Dr. Ben Carson to run the Department of Housing and Urban Development
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 5.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 24, 2017. This week's results included an adjustment for the Presidents' Day holiday.
ABA

ABA Conference: Lenders Gain Insight into the Future of Mortgage Lending

Real estate lenders will explore ways to broaden their competitive edge and enhance their lending potential at the American Bankers Association’s Real Estate Lending Conference in Orlando, March 29-31.
FTC

Final Defendant in Alleged Mortgage Relief Scam Settles FTC Charges

The final defendant in an alleged mortgage relief scam that preyed upon distressed homeowners will be banned from selling mortgage or debt relief services under a settlement with the Federal Trade Commission.

Spike in FHA Delinquencies Shows President Trump Right to Suspend Last-Minute Obama Move

House Financial Services Committee Chairman Jeb Hensarling (R-TX) said today’s announcement that Federal Housing Administration mortgage delinquencies jumped at the end of 2016 shows President Trump made the right decision to suspend and review the outgoing Obama Administration’s lowering of FHA mortgage insurance premiums

Prepared Remarks of Dave Motley at MBA’s National Mortgage Servicing Conference and Expo 2017

Dave Motley, 2017 Mortgage Bankers Association (MBA) Chairman-Elect and President of Colonial Savings, F.A. and its divisions -- Colonial National Mortgage and CU Members Mortgage, today delivered the following remarks at MBA's National Mortgage Servicing Conference and Expo 2017 in Grapevine, Texas.

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 10, 2017.

Delinquencies Increase in Fourth Quarter from Ten-Year Lows, Foreclosure Starts Continue Decline in Latest...

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.80 percent of all loans outstanding at the end of the fourth quarter of 2016. The delinquency rate was up 28 basis points from the previous quarter, and was three basis points higher than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.

MBA Appoints Pete Carroll and Andy Crisenbery to MISMO Board of Directors

The Mortgage Bankers Association (MBA), parent corporation of the Mortgage Industry Standards Maintenance Organization (MISMO), appointed Pete Carroll, Executive Vice President at Quicken Loans, and Andy Crisenbery, Senior Vice President, Managing Director of eLending Solutions at Black Knight Financial Services, to the MISMO Board of Directors.

MBA Statement on Steven Mnuchin Being Confirmed as Treasury Secretary

Statement by MBA President & CEO David Stevens on the U.S. Senate approving the nomination of Steven Mnuchin to run the Department of Treasury

United States Resolves Civil Fraud Suit Against Melville-Based Mortgage Lender

Robert L. Capers, United States Attorney for the Eastern District of New York, Christina D. Scaringi, Special Agent in Charge, North East Region, Office of the Inspector General for the Department of Housing and Urban Development, and Jay N. Lerner, Inspector General for the Federal Deposit Insurance Corporation announced the settlement of claims against Franklin First Financial, Ltd., its Chief Executive Officer, Frederick Assini, its Chief Operating Officer, Christopher Bertman, and Andrew Dauro, a manager of the company.

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 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 February 3, 2017.

Mortgage Credit Availability Increases in January

Mortgage credit availability increased in January 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.
Ron Penir-OpesAdvisors

Opes Advisors named Top Purchase Lender in San Luis Obispo County for second consecutive...

Real Estate Market Reports named Opes Advisors as San Luis Obispo County’s leading purchase lender for 2016. The company handled a total of 282 home purchases and 201 refinances last year, placing it in the top spot among local lenders for the second consecutive year. More...

New RIHA Study Details Shifts in Rented vs. Owned Housing Stock

The Research Institute for Housing America (RIHA) today released a new study examining the shift of existing housing stock between owner-occupied and rental over time. The study was authored by Stuart S. Rosenthal, Maxwell Advisory Board Professor of Economics at Syracuse University

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 3.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 27, 2017.  The previous week's results included an adjustment for the MLK Day holiday

MBA Introduces GSE Reform Principles and Guardrails

The Mortgage Bankers Association (MBA) released a paper outlining its recommended approach for secondary mortgage market reform, with the objective of ending the conservatorship of Fannie Mae and Freddie Mac (the GSEs) and establishing a new, durable foundation for the secondary mortgage market. Specifically, this paper outlines a preferred end-state, the principles that should be incorporated in any future system, the key components and guardrails of the end-state, and emphasizes the need to ensure a smooth transition to a reformed secondary mortgage market

MISMO Extends Comment Period for Proposed Rent Roll Standards for Commercial Property

MISMO®, the Mortgage Industry Standards Maintenance Organization has extended the public comment period for the proposed data standard for the exchange of rent roll information on commercial property. The public comment period has been extended through Wednesday, March 15th, 2017.

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AWWA

AWWA’s ACE17 super-saver registration deadline is March 30

The deadline for early registration for the American Water Works Association’s 2017 Annual Conference and Exposition (ACE17) is this Thurs., March 30, at midnight EDT. ACE17 will be held June 11-14 in Philadelphia, Penn.

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Speaker Paul Ryan

Speaker Ryan on Executive Order on Energy

House Speaker Paul Ryan (R-WI) issued the following statement on President Trump’s executive action on energy: “Today’s executive order is based on a fundamental truth: Energy drives our economy. President Obama disregarded this, and the result was a barrage of regulations that crippled America’s energy industry.