Mortgage

Mortgage
MBA

MBA Offers Detailed GSE Reform Proposal

The Mortgage Bankers Association (MBA) today released a white paper GSE Reform: Creating a Sustainable, More Vibrant, Secondary Mortgage Market which provides a detailed picture of a reformed and revitalized secondary mortgage market. It also attempts to shed light on two critical areas that have tested past reform efforts - the appropriate transition to the reformed system and the role of the secondary market in advancing an affordable housing strategy.
MBA

MISMO Version 3.3 Industry Standards Approved for General Use

MISMO, the Mortgage Industry Standards Maintenance Organization, has elevated Version 3.3 of the MISMO Reference Model standard to "Recommendation" status. "Recommendation" status is the highest possible level given to a MISMO standard. MISMO members recently voted to elevate Version 3.3 to Recommendation status based on evidence of multiple successful industry implementations.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

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 April 14, 2017. This week's results do not include an adjustment for the Good Friday holiday
MBA

March New Home Purchase Mortgage Applications Increased 6.7 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2017 shows mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
MBA

Production Volume and Profits Up in 2016 for Independent Mortgage Bankers

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015, the Mortgage Bankers Association (MBA) reported today in its Annual Mortgage Bankers Performance Report
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2017.
MBA

Mortgage Bankers’ Commercial/Multifamily Originations Totaled $491 Billion in 2016

Commercial and multifamily mortgage bankers closed $490.6 billion of loans in 2016, according to the Mortgage Bankers Association's (MBA) 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation released today
MBA

Jumbo, Government Loans Drive Mortgage Credit Availability Increase in March

Mortgage credit availability increased in March 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

MBA Statement on the Protecting Americans from Credit Entanglements (PACE) Act

MBA President & CEO David H. Stevens, CMB made the following statement regarding yesterday's introduction of S.838 and H.R. 1958, the Protecting Americans from Credit Entanglements (PACE) Act.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 31, 2017.
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.

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NAHB

Increases in Remodeling Market Indicators Reflect Broad-Based Confidence

Some people think about it, while others would rather not. But if you’ve ever wondered what happens to all the water that leaves your home after the dishes are done and the toilet is flushed… now is your chance to find out.

Recent

Brown Statement on CFPB Action Against Ocwen Financial for Failing Homeowners

U.S. Sen. Sherrod Brown (D-OH) – ranking member of the Senate Banking, Housing, and Urban Affairs Committee – issued the following statement regarding today’s action by the Consumer Financial Protection Bureau and state regulators against Ocwen Financial Corp. The CFPB alleges that Ocwen, one of the nation’s largest nonbank mortgage servicers, for years “engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process,” according to the bureau.