The exclusion for forgiven home mortgage debt following a foreclosure, short sale or loan modification should be made permanent to provide relief to troubled borrowers and minimize the damage to families, neighborhoods and communities
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement applauding Senate Banking Chairman Crapo (R-ID) and the bi-partisan coalition of senators that worked to ensure passage of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act.
The MPF Program recently surpassed $1 billion in mortgage-backed securities (MBS) issued. The MPF Government MBS product was the result of a partnership forged by the Federal Home Loan Bank of Chicago and the Government National Mortgage Association (Ginnie Mae) to issue securities guaranteed by Ginnie Mae and backed by mortgages originated by FHLB member financial institutions.
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 March 9, 2018.
The Mortgage Bankers Association (MBA) and the National Association of Minority Mortgage Bankers of America (NAMMBA) announced today that the two associations will form a formal strategic partnership to advance each other's diversity and inclusion efforts
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for February 2018 shows mortgage applications for new home purchases increased 4.6 percent compared to February 2017. Compared to January 2018, applications increased by 3 percent. This change does not include any adjustment for typical seasonal patterns.
Mortgage credit availability decreased 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.
Mortgage applications increased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 2, 2018. The previous week's results included an adjustment for the Washington's Birthday (Presidents' Day) holiday.
Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the fourth quarter of 2017, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. "Commercial and multifamily mortgages ended 2017 continuing to perform extraordinarily well," said Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research.
The Justice Department announced today that Deloitte & Touche LLP has agreed to pay the United States $149.5 million to resolve potential False Claims Act liability arising from Deloitte’s role as the independent outside auditor of Taylor, Bean & Whitaker Mortgage Corp. (TBW), a failed originator of mortgage loans insured by the Federal Housing Administration (FHA) in the Department of Housing and Urban Development (HUD).
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 February 23, 2018. This week's results include an adjustment for the Washington's Birthday (Presidents' Day) holiday.
The Homeownership Collaborative, a coalition of real estate trade associations and nonprofit housing counseling providers, today released its first report on steps that can be taken to increase the utilization of homeownership education and housing counseling services available nationwide. Lenders, real estate agents, and housing counselors sat down together in four cities to increase homeownership opportunities in their markets.
The Mortgage Bankers Association (MBA) announced that in December 2017 and January 2018 it welcomed 33 new regular members to its ranks, which currently numbers more than 2,300 member companies. MBA welcomes the following new members
The Mortgage Bankers Association (MBA) today announced that Deborah Dubois has been hired as President of the MBA Opens Doors Foundation (MBA Opens Doors). MBA Opens Doors provides rental and mortgage payment assistance to families with critically ill children, allowing parents and guardians to be by a child's side during treatment, without fear of jeopardizing their home.
The Mortgage Bankers Association (MBA) today released the following statement on the flawed Reveal News analysis on mortgage lending: "There is no place in our society for discriminatory lending practices and MBA and its members continue to support policies that ensure fair and equal access to mortgage credit regardless of race or ethnicity.