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.
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
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.
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):
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.
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.
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
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.
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
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
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
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.
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
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.
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.