Mortgage

Mortgage
MBA

Mortgage Credit Availability Increases Slightly in July

Mortgage credit availability increased slightly in July 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 Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 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 July 28, 2017.
MBA

MBA Announces Personnel Changes in Residential Policy Department

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), announced the promotion of two current staffers, and the planned departure of Ken Markison, MBA Vice President and Regulatory Counsel. The promotions became effective July 16, 2017
DCHFA

DCHFA Launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes

On August 3, the District of Columbia Housing Finance Agency (DCHFA) will launch the Housing Investment Platform (HIP) and Single Family Investment Pilot at the site of HIP’s first project Elvans Road Townhomes (2501 Elvans Road Southeast, 10-11:00 a.m.) As a part of the Single Family Investment Pilot, DCHFA has partnered with H2DesignBuild, a Certified Business Enterprise with Small Business Enterprise points and City First Bank, to construct five new townhomes in Ward 8’s Barry Farm neighborhood.
MBA

Commercial/Multifamily Borrowing Up 20 Percent Year-over-Year

According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, second quarter 2017 commercial and multifamily mortgage loan originations were 20 percent higher than during the same period last year and 28 percent higher than the first quarter of 2017.
NLIHC

NLIHC Releases New Report on the Benefits of Reforming the Mortgage Interest Deduction to...

The National Low Income Housing Coalition (NLIHC) released the “Reforming the Mortgage Interest Deduction: How Tax Reform Can Help End Homelessness and Housing Poverty” report today calling for Congress and the Trump administration to use mortgage interest deduction (MID) reform to end homelessness and housing poverty in America.
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 0.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 21, 2017.
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 14, 2017. Last week's results included an adjustment for the Fourth of July holiday.
MBA

June New Home Purchase Mortgage Applications Increased 10 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2017 shows mortgage applications for new home purchases increased 10 percent compared to June 2016. Compared to May 2017, applications decreased by 4 percent. This change does not include any adjustment for typical seasonal patterns
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 7, 2017. This week's results include an adjustment for the Fourth of July holiday.
HUD - U.S. Department of Housing and Urban Development

HUD’S MORTGAGEE REVIEW BOARD SUSPENDS SECKEL CAPITAL, LLC

The U.S. Department of Housing and Urban Development today announced that the Department's Mortgagee Review Board (MRB) is immediately suspending Pennsylvania-based mortgage lender Seckel Capital, LLC from originating and underwriting new mortgages insured by the Federal Housing Administration (FHA). In addition, HUD's Departmental Enforcement Center suspended owner John Seckel from doing business with the Federal government
MBA

MBA Statement Regarding Updated Know Before You Owe Rule

David H. Stevens, President & CEO Mortgage Bankers Association (MBA), released the following statement regarding the Consumer Financial Protection Bureau (CFPB) finalized updates to its "Know Before You Owe" mortgage disclosure rule
HUD - U.S. Department of Housing and Urban Development

U.S. AND JAPAN TO COLLABORATE ON AGING IN PLACE

Me The United States and Japan face the common challenges associated with an aging population, and both nations are exploring ways to expand housing opportunities to allow seniors to remain in their own homes and 'age in place.' Today, the U.S. Department of Housing and Urban Development (HUD) and Japan formally agreed to work cooperatively on researching innovated approaches to housing both nation's vulnerable senior population.
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 30, 2017.
MBA

MBA President and CEO David Stevens Testifies on Housing Finance Reform

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), testified today before the U.S. Senate Committee on Banking, Housing, and Urban Affairs at a hearing entitled, "Principles of Housing Finance Reform." His full written testimony is available here. Below is Stevens' oral testimony, as prepared for delivery
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 23, 2017.
ABI

Health Care Insolvencies, Retail Distress and CFPB’s Amended Mortgage Servicing Regulations Among Topics to...

Eight bankruptcy judges and more than 300 attendees will gather to discuss the latest bankruptcy topics at ABI’s 22nd Annual Southeast Bankruptcy Workshop on July 27-30 at The Westin Hilton Head Island Resort & Spa at Hilton Head Island, S.C. The workshop brings together the region’s top insolvency professionals for four days of intense learning and networking. A faculty of outstanding judges, academics and practitioners will present workshops on the hottest topics of the day, including separate tracks for business, consumer and new practitioners.
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.

Popular Government & Nonprofit Press Releases

NARI

NATIONAL ASSOCIATION OF THE REMODELING INDUSTRY (NARI) JOINS KBIS AND...

The National Association of the Remodeling Industry (NARI) will serve as a platinum sponsor supporting organization of the fifth annual Design & Construction Week (DCW).

Recent Government & Nonprofit Press Releases

DOI

Secretary Zinke Announces $94.3 Million to States for Parks and Outdoor...

U.S. Secretary of the Interior Ryan Zinke today announced that $94.3 million will be distributed for outdoor recreation and conservation projects to the 50 states, U.S. territories, and the District of Columbia from the Land and Water Conservation Fund (LWCF), which is funded through offshore oil and gas leasing. These funds are awarded through federal matching grants that leverage public and private investment in America’s state and local public parks.