Mortgage

Mortgage
MBA

Refi Apps Up, Purchase Apps Slightly Down in Latest MBA Weekly Survey

Mortgage applications increased 4.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 19, 2017.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 12, 2017.
USDOJ

Financial Freedom Settles Alleged Liability for Servicing of Federally Insured Reverse Mortgage Loans for...

Financial Freedom has agreed to a settlement with the United States of more than $89 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) in connection with its participation in a federally insured Home Equity Conversion Mortgages (HECM) or ‘reverse mortgage’ program, the Justice Department announced today.
MBA

Delinquencies Decline in Latest MBA Mortgage Delinquency Survey

The delinquency rate for mortgage loans on one- to four-unit residential properties decreased to a seasonally adjusted rate of 4.71 percent of all loans outstanding at the end of the first quarter of 2017.  The delinquency rate was down nine basis points from the previous quarter, and was six basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
NAR

Metro Home-Price Growth Heats Up 6.9 Percent in First Quarter

The strongest quarterly sales pace in exactly a decade put significant downward pressure on inventory levels and caused price growth to further accelerate during the first three months of 2017, according to the latest quarterly report by the National Association of Realtors®. Metro home prices have now accelerated for three consecutive quarters.
MBA

April New Home Purchase Mortgage Applications Drop 4.3 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for April 2017 shows mortgage applications for new home purchases decreased 4.3 percent compared to April 2016. Compared to March 2017, applications decreased by 20 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 5, 2017.
MBA

Commercial/Multifamily Borrowing Up 9 Percent from Last Year

According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, first quarter 2017 commercial and multifamily mortgage loan originations increased 9 percent compared to the same period last year, and in line with the seasonality of market, first quarter originations were twenty-seven percent lower than the fourth quarter of 2016
MBA

Mortgage Credit Availability Decreases Slightly in April

Mortgage credit availability decreased in April 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

Purchase Apps Up, Refis Down in Latest MBA Weekly Survey

Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 28, 2017
MBA

Prepared Remarks of MBA CEO David H. Stevens, CMB, at MBA’s 2017 National Secondary...

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association delivered the following remarks at the opening general session of MBA's National Secondary Market Conference and Expo in New York City.
NAHB

Statement from NAHB Chairman Granger MacDonald on President Trump’s Tax Reform Plan

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following response to President Trump’s tax reform proposal
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 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 April 21, 2017
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.

Popular

Habitat

Habitat for Humanity and Wells Fargo team up with veterans to...

Habitat for Humanity and Wells Fargo & Company today announced a new commitment to improve 100 homes with veterans in nearly 30 communities across the country from Seattle to South Palm Beach, Florida.

Recent

DG Pitkin LA

The Boulder Group Arranges Sale of Triple Net Lease Dollar General...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 12904 Highway-10 in Pitkin, Louisiana for $1,117,300