Commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association's (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
MISMO, the mortgage industry's standards organization, has created a new group to foster conversation about the potential for using Blockchain within the mortgage industry. The new group, officially known as the Blockchain Community of Practice, will explore this emerging technology to understand where and how it could be used within the industry as well as what might be required to implement the technology. MISMO invites all interested parties to participate in this new group. By joining this Community of Practice, participants will also gain access to blockchain experts and related educational materials that explain blockchain technology
In commemoration of the 50th anniversary of the signing of the Fair Housing Act, David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, offered the following statement. "The Fair Housing Act is a landmark piece of legislation that ensures equal access to housing for everyone.
Mortgage credit availability decreased 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.
Mortgage applications decreased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 30, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.3 percent on a seasonally adjusted basis from one week earlier.
The United States has reached agreement with Barclays Capital, Inc. and several of its affiliates (together, Barclays) to settle a civil action filed in December 2016 in which the United States sought civil penalties for alleged conduct related to Barclays’ underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. Barclays will pay the United States two billion dollars ($2,000,000,000) in civil penalties in exchange for dismissal of the Amended Complaint.
Mortgage applications increased 4.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 23, 2018.
According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), the following firms were the top commercial/multifamily mortgage originators in 2017
MISMO®, the Mortgage Industry Standards Maintenance Organization, is inviting mortgage industry participants to collaborate in a new effort to create a more trustworthy, verifiable process that provides assurance that loan documents and associated data are consistent, reliable and unaltered.
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $237 on each loan they originated in the fourth quarter of 2017, down from a reported gain of $929 per loan in the third quarter of 2017, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report.
Home ownership is an accomplishment in itself. However, it can be difficult for first time home owners to keep up with their mortgage payments. Every years, thousands of borrowers fall behind on their payments due to unforeseen circumstances. If this ever happens to you, there might be a way to save your home through bankruptcy.
Mortgage applications decreased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 16, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.1 percent on a seasonally adjusted basis from one week earlier.
Rise in Retail Bankruptcies Puts Spotlight on Restructuring Commercial Mortgage Loans, According to March...
As brick-and-mortar retailers continue filing for bankruptcy, commercial real estate lenders and borrowers should focus on case law and recent legal developments for restructuring a commercial mortgage, according to an article in the March ABI Journal. “A change in only a percentage or two on a multi-million-dollar commercial loan can mean the difference between a plan being 'feasible' or not,” David R. Kuney of Whiteford Taylor Preston LLP (Washington, D.C.) writes in his article, “The Myth of the ‘Efficient Market’: Restructuring Real Estate Mortgages.”
Mortgage applications decreased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 16, 2018.
A federal jury on Thursday convicted a Dallas man of six counts related to a mortgage fraud scheme, announced U.S. Attorney Erin Nealy Cox of the Northern District of Texas. This investigation was led by the Internal Revenue Service’s (IRS) Criminal Investigation and the Federal Housing Finance Agency’s Office of Inspector General; U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) assisted