Mortgage applications decreased 2.8 percent from two weeks earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 29, 2017. The results include adjustments to account for the Christmas holiday.
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, offered the following statement regarding FHFA's decision to allow the GSEs to build a limited capital cushion
WASHINGTON, D.C. (December 2@, 2017) - (RealEstateRama) -- The Mortgage Bankers Association (MBA) announced that in October it welcomed 18 new regular members to...
The Mortgage Bankers Association Opens Doors Foundation (MBA Opens Doors) today announced it raised a record $1.8 million in calendar year 2017, furthering its mission to help families meet their housing costs while dealing with a critically ill or injured child receiving medical treatment. Currently in its fifth full operating year, MBA Opens Doors has helped nearly 1,600 families.
Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 15, 2017.
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, offered the following statement lauding the inclusion of important real estate provisions in the conference report for HR 1, the Tax Cuts and Jobs Act, passed by the House of Representatives today.
Two Los Angeles-Area Managers of Foreclosure Rescue Companies Convicted for Roles in Mortgage Fraud...
A federal jury found two Los Angeles, California-area managers of foreclosure rescue companies guilty today for their roles in a foreclosure rescue scheme. Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division
MBA President and CEO David H. Stevens, CMB, released the following statement regarding the final passage by the House Financial Services Committee of H.R. 2948, The SAFE Transitional Licensing Act; H.R. 4545, The Financial Institutions Examination Fairness and Reform Act; and H.R. 4560, The GSE Jumpstart Reauthorization Act of 2017.
Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 8, 2017.
Commercial/Multifamily Mortgage Debt Rises to $3.11 Trillion; CMBS Debt Outstanding Reverses Years-Long Decline
The level of commercial/multifamily mortgage debt outstanding increased by $45.4 billion, or 1.5%, to $3.11 trillion in the third quarter of 2017 as all four major investor groups, including Commercial Mortgage Backed Securities (CMBS), increased their holdings over the second quarter.
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for November 2017 shows mortgage applications for new home purchases increased 12.2 percent compared to November 2016. Compared to October 2017, applications decreased by 6 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
The Mortgage Bankers Association (MBA) today announced that it has retained Spencer Stuart, a leading global executive search and leadership advisory firm, to assist with the search for the Association's next President and CEO. Current President and CEO, David H. Stevens, announced his plans to retire this past October. Mr. Stevens will remain in his position until September 30, 2018 to ensure a smooth and successful transition.
Mortgage applications increased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 1, 2017. The prior week's results included an adjustment for the Thanksgiving holiday.
Christopher M. George, Chairman-Elect of the Mortgage Bankers Association (MBA) and the founder, President and CEO of CMG Financial, testified today before the U.S. House of Representatives Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit at a hearing entitled, "Legislative Proposals for a More Efficient Federal Financial Regulatory Regime: Part II." His full written testimony is available here. Below is George's oral testimony, as prepared for delivery
Mortgage Bankers Association (MBA) President and CEO David H. Stevens, CMB, issued the following statement in response to the Department of Housing and Urban Development's revised policies for Federal Housing Administration (FHA) insurance of Property Assessed Clean Energy (PACE) obligations