Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the fourth quarter of 2017, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. "Commercial and multifamily mortgages ended 2017 continuing to perform extraordinarily well," said Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research.
The Justice Department announced today that Deloitte & Touche LLP has agreed to pay the United States $149.5 million to resolve potential False Claims Act liability arising from Deloitte’s role as the independent outside auditor of Taylor, Bean & Whitaker Mortgage Corp. (TBW), a failed originator of mortgage loans insured by the Federal Housing Administration (FHA) in the Department of Housing and Urban Development (HUD).
Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 23, 2018. This week's results include an adjustment for the Washington's Birthday (Presidents' Day) holiday.
The Homeownership Collaborative, a coalition of real estate trade associations and nonprofit housing counseling providers, today released its first report on steps that can be taken to increase the utilization of homeownership education and housing counseling services available nationwide. Lenders, real estate agents, and housing counselors sat down together in four cities to increase homeownership opportunities in their markets.
The Mortgage Bankers Association (MBA) announced that in December 2017 and January 2018 it welcomed 33 new regular members to its ranks, which currently numbers more than 2,300 member companies. MBA welcomes the following new members
The Mortgage Bankers Association (MBA) today announced that Deborah Dubois has been hired as President of the MBA Opens Doors Foundation (MBA Opens Doors). MBA Opens Doors provides rental and mortgage payment assistance to families with critically ill children, allowing parents and guardians to be by a child's side during treatment, without fear of jeopardizing their home.
The Mortgage Bankers Association (MBA) today released the following statement on the flawed Reveal News analysis on mortgage lending: "There is no place in our society for discriminatory lending practices and MBA and its members continue to support policies that ensure fair and equal access to mortgage credit regardless of race or ethnicity.
Mortgage applications decreased 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 February 9, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis from one week earlier.
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement praising the House passage of H.R. 3978, the TRID Improvement Act, and, in particular, the inclusion of the language from two individual bills - H.R. 2948 and the previously free-standing H.R. 3978
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2018 shows mortgage applications for new home purchases increased 18.4 percent compared to January 2017. Compared to December 2017, applications increased by 34 percent. This change does not include any adjustment for typical seasonal patterns.
The Mortgage Bankers Association (MBA) today awarded JLL the 2018 Commercial/Multifamily Diversity & Inclusion Leadership Award for its efforts in organizational diversity and inclusion. "JLL's submission detailed a comprehensive, multi-faceted, program that embraces the core concept that diversity and inclusion must be deliberate and intentional," said MBA Chairman-Elect Christopher M. George, founder
The Mortgage Bankers Association (MBA) today awarded Thomas S. Dennard, Chairman and Chief Executive Officer of Grandbridge Real Estate Capital, with the 2018 Commercial Real Estate Finance (CREF) Distinguished Service Award at the Association's 28th annual CREF/Multifamily Housing Convention & Expo held in San Diego, CA
According to the Mortgage Bankers Association's 2017 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes, 6 percent, or $102.2 billion, of the $1.8 trillion outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2018, a 42 percent decrease from the $175.9 billion that matured in 2017.
Commercial and multifamily mortgage originations were up 15 percent for the full year 2017 over 2016, according to preliminary estimates from the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Data for the fourth quarter of 2017 shows a 9 percent increase in originations over the third quarter, and a 10 percent increase compared to the fourth quarter of 2016.
In the past quarter, we have seen mortgage rates hit their highest at 4.5% last week. As the rates have calmed a bit going into this week, it begs the question: could we see 5% mortgage rates in the near future, possible as soon as this year. In order for the rates to continue to rise, there are a number of factors that we can look into for signals.