Mortgage

Mortgage
MBA

MBA Announces Nomination of CBRE’s Brian Stoffers to be 2018 Vice Chairman

The Mortgage Bankers Association (MBA) announced the nomination of Brian F. Stoffers, CMB, Global President, Debt & Structured Finance at CBRE, to be its Vice Chairman for the 2018 membership year. He will be elected by MBA members at the Association's 104th Annual Convention, which will be held this October in Denver, Colorado
MBA

First Quarter Commercial/Multifamily Delinquencies Remain Low

Delinquency rates for commercial and multifamily mortgage loans were flat or decreased in the first quarter of 2017, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.
MBA

MBA Welcomes 15 New Members in April

The Mortgage Bankers Association (MBA) announced that in April it welcomed 15 new regular members to its ranks, which currently numbers more than 2,200 member companies. MBA welcomes the following new members
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 3.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 26, 2017.
USDOJ

Orange County Man Pleads Guilty to Taking $2.2 Million from Distressed Homeowners in Bogus...

An Orange County man pleaded guilty this morning to federal charges relating to his operation of a fraud scheme that took $2.2 million from distressed homeowners through false promises that he could help them avoid foreclosure by obtaining modifications to their mortgages
MBA

Refi Apps Up, Purchase Apps Slightly Down in Latest MBA Weekly Survey

Mortgage applications increased 4.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 19, 2017.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

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 May 12, 2017.
USDOJ

Financial Freedom Settles Alleged Liability for Servicing of Federally Insured Reverse Mortgage Loans for...

Financial Freedom has agreed to a settlement with the United States of more than $89 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) in connection with its participation in a federally insured Home Equity Conversion Mortgages (HECM) or ‘reverse mortgage’ program, the Justice Department announced today.
MBA

Delinquencies Decline in Latest MBA Mortgage Delinquency Survey

The delinquency rate for mortgage loans on one- to four-unit residential properties decreased to a seasonally adjusted rate of 4.71 percent of all loans outstanding at the end of the first quarter of 2017.  The delinquency rate was down nine basis points from the previous quarter, and was six basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
NAR

Metro Home-Price Growth Heats Up 6.9 Percent in First Quarter

The strongest quarterly sales pace in exactly a decade put significant downward pressure on inventory levels and caused price growth to further accelerate during the first three months of 2017, according to the latest quarterly report by the National Association of Realtors®. Metro home prices have now accelerated for three consecutive quarters.
MBA

April New Home Purchase Mortgage Applications Drop 4.3 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for April 2017 shows mortgage applications for new home purchases decreased 4.3 percent compared to April 2016. Compared to March 2017, applications decreased by 20 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 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 5, 2017.
MBA

Commercial/Multifamily Borrowing Up 9 Percent from Last Year

According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, first quarter 2017 commercial and multifamily mortgage loan originations increased 9 percent compared to the same period last year, and in line with the seasonality of market, first quarter originations were twenty-seven percent lower than the fourth quarter of 2016
MBA

Mortgage Credit Availability Decreases Slightly in April

Mortgage credit availability decreased in April 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

Purchase Apps Up, Refis Down in Latest MBA Weekly Survey

Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 28, 2017
MBA

Prepared Remarks of MBA CEO David H. Stevens, CMB, at MBA’s 2017 National Secondary...

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association delivered the following remarks at the opening general session of MBA's National Secondary Market Conference and Expo in New York City.
NAHB

Statement from NAHB Chairman Granger MacDonald on President Trump’s Tax Reform Plan

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following response to President Trump’s tax reform proposal
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

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 April 21, 2017
MBA

MBA Offers Detailed GSE Reform Proposal

The Mortgage Bankers Association (MBA) today released a white paper GSE Reform: Creating a Sustainable, More Vibrant, Secondary Mortgage Market which provides a detailed picture of a reformed and revitalized secondary mortgage market. It also attempts to shed light on two critical areas that have tested past reform efforts - the appropriate transition to the reformed system and the role of the secondary market in advancing an affordable housing strategy.
MBA

MISMO Version 3.3 Industry Standards Approved for General Use

MISMO, the Mortgage Industry Standards Maintenance Organization, has elevated Version 3.3 of the MISMO Reference Model standard to "Recommendation" status. "Recommendation" status is the highest possible level given to a MISMO standard. MISMO members recently voted to elevate Version 3.3 to Recommendation status based on evidence of multiple successful industry implementations.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 14, 2017. This week's results do not include an adjustment for the Good Friday holiday
MBA

March New Home Purchase Mortgage Applications Increased 6.7 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2017 shows mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
MBA

Production Volume and Profits Up in 2016 for Independent Mortgage Bankers

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015, the Mortgage Bankers Association (MBA) reported today in its Annual Mortgage Bankers Performance Report
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2017.
MBA

Mortgage Bankers’ Commercial/Multifamily Originations Totaled $491 Billion in 2016

Commercial and multifamily mortgage bankers closed $490.6 billion of loans in 2016, according to the Mortgage Bankers Association's (MBA) 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation released today
MBA

Jumbo, Government Loans Drive Mortgage Credit Availability Increase in March

Mortgage credit availability increased 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

MBA Statement on the Protecting Americans from Credit Entanglements (PACE) Act

MBA President & CEO David H. Stevens, CMB made the following statement regarding yesterday's introduction of S.838 and H.R. 1958, the Protecting Americans from Credit Entanglements (PACE) Act.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 31, 2017.
MBA

Mortgage Applications Slightly Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 24, 2017
MBA

Congressional Testimony of Chairman-Elect Dave Motley on “The State of Bank Lending in America”

Dave Motley, CMB, Chairman-Elect of MBA and President of Colonial Savings, F.A. and its divisions -- Colonial National Mortgage and CU Members Mortgage testified before the House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit, during a hearing titled "The State of Bank Lending in America." Chairman-Elect Motley's prepared opening statement is enclosed below.

Popular Government & Nonprofit Press Releases

NAR

Pam Patenaude Right Choice for HUD Deputy Secretary, Say Realtors®

The U.S. Senate today approved the nomination of Pam Patenaude as deputy secretary at the Department of Housing and Urban Development. Following is a statement from NAR President William E. Brown on the vote

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.