Mortgage

Mortgage
MBA

MBA Presents Burton C. Wood Award to Primary Residential Mortgage’s David Zitting

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
MBA

MBA Selects Robert D. Broeksmit, CMB to be New President and CEO

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.
MBA

Independent Mortgage Bankers Report Net Production Losses in the First Quarter of 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.
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

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
FTC

Mortgage Relief Defendant Banned from Debt Relief Business in Settlement with FTC

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.
Private Mortgage Insurance

5 Things You Need to Know About Private Mortgage Insurance

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).
CSBS

West Virginia Begins Using Uniform Mortgage Test; 58 State Agencies Now Using the Test

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

Ginnie Mae announces changes to eligibility of VA refinance loans in Ginnie Mae securities...

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
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

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.

Is the Mortgage Industry’s Sky Falling? 4 Reasons Why Chicken Little May Be Right

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.
NAHB

Statement from NAHB Chairman Randy Noel on Signing Banking Bill into Law

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.
MBA

MISMO® to Create eNote Validation Decision Model

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.
MBA

Mortgage Rates Increase, Applications Decrease in Latest MBA Weekly Survey

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.

Erin Barry Joins MBA as Associate Vice President of Legislative Affairs

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.
MBA

MBA Statement on House Passage of S. 2155

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.

Business Real Estate Press Releases

365 Connect Partners with Electric Girls to Provide Scholarships to Next...

365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced today that the company will provide scholarship grants for Electric Girls educational programs.

Recent Gov & Nonprofit Real Estate Press Releases

Appraisal Institute

Appraisal Institute Opposes Effort to Reduce Risk Management for SBA Loans

The nation’s largest professional association of real estate appraisers today announced its opposition to proposed federal legislation that would reduce the requirements for appraisals in major Small Business Administration loan programs.