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 February 9, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis from one week earlier.
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement praising the House passage of H.R. 3978, the TRID Improvement Act, and, in particular, the inclusion of the language from two individual bills - H.R. 2948 and the previously free-standing H.R. 3978
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2018 shows mortgage applications for new home purchases increased 18.4 percent compared to January 2017. Compared to December 2017, applications increased by 34 percent. This change does not include any adjustment for typical seasonal patterns.
The Mortgage Bankers Association (MBA) today awarded JLL the 2018 Commercial/Multifamily Diversity & Inclusion Leadership Award for its efforts in organizational diversity and inclusion. "JLL's submission detailed a comprehensive, multi-faceted, program that embraces the core concept that diversity and inclusion must be deliberate and intentional," said MBA Chairman-Elect Christopher M. George, founder
The Mortgage Bankers Association (MBA) today awarded Thomas S. Dennard, Chairman and Chief Executive Officer of Grandbridge Real Estate Capital, with the 2018 Commercial Real Estate Finance (CREF) Distinguished Service Award at the Association's 28th annual CREF/Multifamily Housing Convention & Expo held in San Diego, CA
According to the Mortgage Bankers Association's 2017 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes, 6 percent, or $102.2 billion, of the $1.8 trillion outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2018, a 42 percent decrease from the $175.9 billion that matured in 2017.
Commercial and multifamily mortgage originations were up 15 percent for the full year 2017 over 2016, according to preliminary estimates from the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Data for the fourth quarter of 2017 shows a 9 percent increase in originations over the third quarter, and a 10 percent increase compared to the fourth quarter of 2016.
In the past quarter, we have seen mortgage rates hit their highest at 4.5% last week. As the rates have calmed a bit going into this week, it begs the question: could we see 5% mortgage rates in the near future, possible as soon as this year. In order for the rates to continue to rise, there are a number of factors that we can look into for signals.
The Mortgage Bankers Association (MBA) today released its year-end ranking of commercial and multifamily mortgage servicers' volumes as of December 31, 2017. At the top of the list of firms is Wells Fargo Bank NA with $633.0 billion in master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $566.9 billion, KeyBank National Association with $214.8 billion, Berkadia Commercial Mortgage LLC with $205.9 billion, and CBRE Loan Services with $164.5 billion
The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will decline slightly in 2018, ending the year at $549 billion, down three percent from the 2017 volumes. MBA expects volumes to remain at roughly that level in 2019 as well. MBA forecasts mortgage banker originations of just multifamily mortgages at $248 billion in 2018, with total multifamily lending at $271 billion.
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter of 2017. The delinquency rate was up 29 basis points from the previous quarter, and was 37 basis points higher than one year ago
On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership
On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership.
Mortgage applications increased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 2, 2018.
Prepared Remarks of Chairman Dave Motley,CMB at MBA’s National Mortgage Servicing Conference and Expo...
Dave Motley, CMB, 2018 Mortgage Bankers Association (MBA) Chairman and President of Colonial Savings, F.A. today delivered the following remarks at MBA's National Mortgage Servicing Conference and Expo 2018 in Grapevine, Texas.