Mortgage

Mortgage
MBA

Mortgage Bankers Close Record $530 Billion in Commercial/Multifamily Originations in 2017

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.
MBA

MISMO® Creates Blockchain Group

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
MBA

MBA Statement on Fair Housing Act Anniversary

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.
MBA

Mortgage Credit Availability Decreases in March

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.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

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.
USDOJ

Barclays Agrees to Pay $2 Billion in Civil Penalties to Resolve Claims for Fraud...

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.
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

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.
MBA

MBA Releases 2017 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes

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
MBA

MISMO® Starts New Effort to Enhance Trust in the Digital Process

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.
MBA

MBA News (3.23.18) Independent Mortgage Bank Production Profits Down in Fourth Quarter 2017

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.

How Bankruptcy Can Stop Foreclosure On Your House

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.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

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.
ABI

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.”
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

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.
ICE

Dallas man convicted of mortgage fraud offenses; 6 charges related to tax fraud still...

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

Business Real Estate Press Releases

Multi-Tenant Retail Property

Hanley Investment Group Arranges Sale of Newly Constructed Multi-Tenant Retail Property...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of a 6,777-square-foot new construction multi-tenant retail pad building occupied by The Coffee Bean & Tea Leaf (with drive-thru), Chipotle, Jersey Mike’s Subs and WaBa Grill at 13916 Garvey Avenue in Baldwin Park, Calif.

Recent Gov & Nonprofit Real Estate Press Releases

Financial Services Committee

An Overview of Homelessness in America

The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness