The Mortgage Bankers Association (MBA) has presented its annual Burton C. Wood Legislative Service Award to Primary Residential Mortgage CEO, David Zitting, CMB. The award is given annually to an MBA member employee in recognition of his or her sustained superior service to the association and the real estate finance industry as a whole
Mortgage Bankers Association (MBA) Chairman David Motley, CMB announced today that Robert D. Broeksmit, CMB has been selected President and CEO, replacing David H. Stevens, CMB, who announced last October that he would retire in September, 2018.
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $118 on each loan they originated in the first quarter of 2018, down from a reported gain of $237 per loan in the fourth quarter of 2017, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report.
Mortgage applications increased 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 June 1, 2018. This week's results included an adjustment for the Memorial Day holiday
Benjamin R. Horton is banned from the debt relief business under a settlement with the Federal Trade Commission for his role in a mortgage relief scheme that falsely promised financially distressed homeowners foreclosure prevention and more affordable mortgage payments.
The average mortgage loan is for around $300,000. Regardless of how much money you need to buy your dream home, finding an affordable loan is a must. If you get a loan that offers 100 percent financing, you may be required to pay private mortgage insurance (PMI).
The Conference of State Bank Supervisors (CSBS) announced today that the West Virginia Division of Financial Institutions began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content starting today, bringing the total number of state agencies that use the test to 58
Ginnie Mae issued an All Participants Memorandum (APM) APM 18-04 announcing implementation of changes to pooling eligibility requirements for Department of Veteran’s Affairs (VA) insured or guaranteed mortgages pursuant to the “Loan Seasoning for Ginnie Mae Mortgage-Backed Securities” provision in the Economic Growth, Regulatory Relief
Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 25, 2018.
According to Forbes magazine contributor Kevin Hawkins, “There is blood in the streets” for those in the mortgage business. Despite a May 23, 2018 reform bill passage in Congress to remove stiff banking regulations and boost the economy, Hawkins reports four crucial factors within real estate that have taken mortgage lenders and reduced them to carnage. Why? Because the mortgage industry has failed to keep up with the times. Here’s what Hawkins means.
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement after President Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) into law.
MISMO, the mortgage industry's standards organization, is inviting mortgage industry participants to join its new practice community which is developing a decision model to validate eNotes, which are a key component for digital mortgages.
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 18, 2018.
The Mortgage Bankers Association (MBA) announced today that Erin Barry has joined MBA as Associate Vice President of Legislative Affairs. In this role, she will be responsible for representing MBA's legislative and policy issues on Capitol Hill, with a primary focus on Democratic members of the U.S. Senate. She starts in her position at MBA today.
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released a statement following the passage of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. "I want to commend the House of Representatives for joining the Senate and passing this bill which will protect consumers and provide greater access to mortgage credit.