Mortgage

Mortgage
MBA

MBA Forecasts Commercial/Multifamily Mortgage Originations to Decline in 2017

The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will be down slightly in 2017, ending the year at $478 billion, a decrease of 3 percent from the 2016 volumes. Mortgage banker originations of just multifamily mortgages are forecast at $206 billion in 2017, with total multifamily lending at $245 billion
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 16, 2017
Habitat

Nine out of 10 Americans and Canadians call for affordable housing solutions

A majority of Americans and Canadians have made it clear: we are not paying enough attention to affordable housing needs and solutions, according to Habitat for Humanity’s Affordable Housing Survey. With critical housing shortages across both countries, cost remains a top barrier preventing families from accessing decent homes with an affordable mortgage
MBA

MBA Statement Regarding FHFA’s Annual Report to Congress

David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released a statement following the Federal Housing Finance Agency's (FHFA) annual report to Congress. "We strongly support a number of the recommendations made in this report, including the need for comprehensive housing finance reform as well as measures to reduce barriers to investor participation in credit risk transfers. Both of these recommendations would facilitate liquidity in the secondary markets, which ultimately benefits borrowers, lenders, and investors
MBA

May New Home Purchase Mortgage Applications Up 15 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2017 shows mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 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 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2017. Last week's results included an adjustment for the Memorial Day holiday.
MBA

MBA Applauds Senate Banking Committee for Advancing Pam Patenaude Nomination

David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released the following statement following the Senate Banking Committee approving the nomination of Pam Patenaude to be the Deputy Secretary of Housing and Urban Development (HUD)
MBA

Commercial/Multifamily Mortgage Debt Tops $3 Trillion

Total commercial/multifamily debt outstanding rose to $3.01 trillion at the end of the first quarter of 2017, the first time it has broken the $3 trillion mark.  Multifamily mortgage debt outstanding rose to $1.17 trillion, an increase of $23.4 billion, or 2.0 percent, from the fourth of quarter of 2016.
Wendy Sisneroz OpesAdvisors

Wendy Sisneroz joins Opes Advisors

Opes Advisors, a Division of Flagstar Bank and innovative mortgage lending and wealth management firm with division headquarters in Cupertino, California has named Wendy Sisneroz as the new Area Manager for the region’s four offices in California’s Central Valley. This experienced mortgage lending team has been helping Central Valley residents achieve their dream of homeownership for more than 10 years.
MBA

Mortgage Credit Availability Decreases in May

Mortgage credit availability decreased in May 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

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 2, 2017. This week's results included an adjustment for the Memorial Day holiday.
MBA

Independent Mortgage Bank Volumes Decrease, Production Profits Drop in 1st Quarter 2017

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $224 on each loan they originated in the first quarter of 2017, down from a reported gain of $575 per loan in the fourth quarter of 2016, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report
NAR

Realtor® Volunteering Works Program Announces 2017 Mentoring and Grant Recipients

REALTOR® Magazine and the Good Neighbor Society have announced the recipients of the ninth annual Volunteering Works grants and mentoring program, which matches Realtors ® who work on small-scale charitable efforts with mentors and awards them grant money.
MBA

MBA Announces Nomination of CBRE’s Brian Stoffers to be 2018 Vice Chairman

The Mortgage Bankers Association (MBA) announced the nomination of Brian F. Stoffers, CMB, Global President, Debt & Structured Finance at CBRE, to be its Vice Chairman for the 2018 membership year. He will be elected by MBA members at the Association's 104th Annual Convention, which will be held this October in Denver, Colorado
MBA

First Quarter Commercial/Multifamily Delinquencies Remain Low

Delinquency rates for commercial and multifamily mortgage loans were flat or decreased in the first quarter of 2017, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.
MBA

MBA Welcomes 15 New Members in April

The Mortgage Bankers Association (MBA) announced that in April it welcomed 15 new regular members to its ranks, which currently numbers more than 2,200 member companies. MBA welcomes the following new members
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 3.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 26, 2017.
USDOJ

Orange County Man Pleads Guilty to Taking $2.2 Million from Distressed Homeowners in Bogus...

An Orange County man pleaded guilty this morning to federal charges relating to his operation of a fraud scheme that took $2.2 million from distressed homeowners through false promises that he could help them avoid foreclosure by obtaining modifications to their mortgages
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

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NAR

Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends...

Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month.

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NIBS

IAPMO to Serve as Building Innovation 2018 Technical Programs Sponsor

With planning underway for Building Innovation 2018: The National Institute of Building Sciences Sixth Annual Conference and Expo, the Institute welcomes the International Association of Plumbing and Mechanical Officials (IAPMO) as the returning Technical Programs Sponsor. This is the third straight year that IAPMO has taken the role.