Today, the Mortgage Bankers Association (MBA) announced that in July and August of 2016 it welcomed 20 new regular members to its ranks, which currently numbers more than 2,200 member companies.
Conifer Realty, LLC is proud to announce that Susan Sturman Jennings, Esq., has been named one of 2016’s Top Counsel from The Daily Record. The Daily Record’s Attorneys of the Year Awards honors outstanding attorneys through the Leaders in Law and Top Counsel. The Top Counsel Award honors in-house or general counsel who have shown tremendous dedication to the legal profession and selfless, tireless commitment to the community.
New report from NeighborWorks America focuses on people who’ve been helped by foreclosure prevention...
While taking care of his mother-in-law, who had a serious medical condition, Brian Martinez was laid off from his job after 33 years. Medical complications of his own set in, and while he eventually secured new employment, like millions of others in the United States, his income didn’t rebound and he and his wife found themselves struggling to pay their mortgage.
The Mortgage Bankers Association today unveiled, One Mod: Principles for Post-HAMP Loan Modifications, which is a proposed successor program to the Home Affordable Modification Program (HAMP). One Mod draws upon the experiences of lenders familiar with HAMP to formulate universal principles that should be applied to a future program.
The operators of an alleged mortgage relief scam that preyed upon distressed homeowners are banned from the mortgage loan modification and debt relief business under a court order obtained by the Federal Trade Commission.
Mortgage applications decreased 7.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 16, 2016. The prior week's results included an adjustment for the Labor Day holiday.
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for August 2016 shows mortgage applications for new home purchases increased by 5 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
Mortgage applications increased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 9, 2016. This week's results included an adjustment for the Labor Day holiday.
A new business procedure to electronically process surety bonds is now a reality through the Nationwide Multistate Licensing System (NMLS). Additionally, NMLS can now be used to electronically process criminal background checks for many more individuals at financial institutions. Both enhancements went live this week.
Regions Bank (Regions) has agreed to pay $52.4 million to the United States to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Department of Justice announced today. Regions is headquartered in Birmingham, Alabama.
MISMO® , the Mortgage Industry Standards Maintenance Organization, announced today that it has launched a new program for organizations that wish to be recognized as leaders in the mortgage industry. The new program, known as MISMO Champions, will be available to organizations that are members of MISMO and that seek to lead and support the development of standards for the benefit of the entire mortgage industry.
Mortgage credit availability decreased 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.
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 September 2, 2016.
The principals of a mortgage relief operation and their companies are banned from the mortgage loan modification and debt relief business under court orders obtained by the Federal Trade Commission. The orders resolve charges that the scheme falsely promised financially distressed homeowners they would receive legal representation to prevent foreclosure or lower their mortgage payments and interest rates, and illegally charged thousands of dollars in advance
The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers' volume as of June 30, 2016. At the top of the list is Wells Fargo Bank N.A. with $502.2 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $499.1 billion, Berkadia Commercial Mortgage LLC with $220.6 billion, KeyBank N.A. with $195.4 billion, and CBRE Loan Services with $108.3 billion.
Delinquency rates for commercial and multifamily mortgage loans remained low in the second quarter of 2016, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,686 on each loan they originated in the second quarter of 2016, up from a reported gain of $825 per loan in the first quarter of 2016, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report.
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 26, 2016.
The Federal Housing Administration (FHA) today announced new procedures to strengthen the process mortgage servicers use to help struggling families avoid foreclosure and remain in their homes. FHA is streamlining its loss mitigation protocols that servicers must use when evaluating and deploying ‘home retention options,’ foreclosure alternatives that allow delinquent borrowers to retain their home.
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 August 19, 2016.