Mortgage

Mortgage
MBA

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

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

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

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):
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 November 10, 2017. This week's results do not include an adjustment for the Veterans' Day holiday.
MBA

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.
MBA

MBA Lauds Passage of H.R. 2148, Clarifying Commercial Real Estate Loans Act

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement, praising the House of Representatives for passing by a voice vote H.R. 2148, the Clarifying Commercial Real Estate Loans Act
MBA

Mortgage Credit Availability Decreases Slightly in October

Mortgage credit availability decreased slightly in October 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.
Financial Services Committee

Subcommittee Meets to Further Review Sustainable Housing Finance

The Subcommittee on Housing and Insurance held a hearing today entitled “Sustainable Housing Finance Part III.” The hearing allowed the Subcommittee to further assess views and perspectives on the need to enact comprehensive housing finance reform
NAHB

NAHB Calls on Congress to Enact Comprehensive Housing Finance Reform

The National Association of Home Builders (NAHB) called on Congress today to move swiftly to implement comprehensive reforms to the nation’s housing finance system to ensure that housing credit remains readily available and affordable in the future
MBA

MBA President and CEO David Stevens Testifies on Housing Finance Reform

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), testified today before the House Financial Services Committee Subcommittee on Housing and Insurance. His full written testimony is available here. Below is Stevens' oral testimony, as prepared for delivery

Tips To Finding The Best Location For Your Startup

The world of startups has an infinite amount of factors that can impact the success of a business. Location can be one of these factors depending on the industry, service you provide, and type of business. There are some businesses that do better in a remote location as they can pay below industry norm without worrying about being outbid for talent. The same location for two different businesses can mean completely different results even if they are providing the same service. The following are tips to find the best location for your startup.
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel on the...

The tax reform legislation proposed by House Republican leaders takes a historic step in directly revising the mortgage interest deduction (MID), a $70 billion annual tax expenditure that primarily benefits higher income households—including the top 1% of earners in the country. The Republican tax proposal makes sensible reforms in lowering the amount of a mortgage against which the MID can be claimed to $500,000 for new home loans and doubling the standard deduction. This change to the MID would impact fewer than 6% of mortgages nationwide and would save an estimated $95.5 billion over the first decade
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2017.
MBA

MBA Forecasts Commercial/Multifamily Originations Flat in 2018

The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will increase in 2017, ending the year at $515 billion, up 5 percent from the 2016 volumes. MBA expects volumes to remain at roughly that level in 2018. MBA forecasts mortgage banker originations of just multifamily mortgages at $235 billion in 2017, with total multifamily lending at $271 billion. After strong growth in 2017, multifamily lending is expected to slow slightly in 2018.

Popular Government & Nonprofit Press Releases

MBA

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.

Recent Government & Nonprofit Press Releases

DCHFA

Thanksgiving Dinner at the DC Housing Finance Agency

DCHFA is opening its doors on Thanksgiving Day to distribute 200 dinners to at risk, homeless families and/or individuals in need of a meal. Dinner will be served by DCHFA staff members and their families who are giving up a part of their Thanksgiving holiday to ensure that others in the community are fed.