MBA report shows 1 in 10 mortgages now delinquent or in foreclosure
February 22, 2010 Posted by RealEstateRama
February 22, 2010 - (RealEstateRama) — The Mortgage Bankers Association (MBA) reported today that serious mortgage delinquencies—those at least 90 days past due or in foreclosure—remained at record levels in the fourth quarter of 2009. These latest statistics show that one in 10 borrowers is seriously delinquent on their mortgage, up from one in 16 borrowers a year ago and one in 33 two years ago
Reckless Lending’s Fallout Continues as MBA Show 1 in 7 Mortgages Past Due
November 20, 2009 Posted by RealEstateRama
November 20, 2009 - (RealEstateRama) — The Mortgage Bankers Association (MBA) reported today that a record number of loans—1 in 7—is delinquent, up from 1 in 10 a year ago. Today’s numbers also show that 1 in 22 families in the U.S. is in the process of losing their home, up from 1 in 34 a year ago. Based on these figures, we are now on track for 2.9 million foreclosure starts in this year alone.
Statement of Financial Services Roundtable, Housing Policy Council and Mortgage Bankers Association on Treasury and HUD Meeting with Mortgage Servicers
July 29, 2009 Posted by RealEstateRama
Washington, D.C. - July 28, 2009 - (RealEstateRama) — Today mortgage servicers met with Treasury and HUD officials in a productive working session to continue discussions on how to help borrowers who are able and desire to stay in their homes do so.
MBA Supports Proposal for $15,000 Tax Credit for All Homebuyers
June 15, 2009 Posted by MBA
WASHINGTON, D.C. - June 15, 2009 - (RealEstateRama) - David G. Kittle, CMB, Chairman of the Mortgage Bankers Association issued the following statement today in support of S. 1230, The Homebuyer Tax Credit Act of 2009.
MBA Lauds the June 2009 Launch of the CMBS TALF Program
May 4, 2009 Posted by MBA
WASHINGTON, D.C. - May 4, 2009 - (RealEstateRama) — John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), today issued the following statement after announcement by the Federal Reserve Board to extend the Term Asset-Backed Securities Loan Facility to commercial mortgage-backed securities with an increased five-year term.“MBA strongly endorses today’s announcement by the Federal Reserve for the June 2009 launch of Term Asset-Backed Securities Loan Facility (TALF) for Commercial Mortgage-Backed Securities (CMBS). We are pleased that the Federal Reserve extended the three-year existing TALF duration for the CMBS TALF program,” said Courson.
Bank of America and Wells Fargo Were Top U.S. Commercial/Multifamily Originators in 2008
April 21, 2009 Posted by MBA
Washington, DC - April 21, 2009 - (RealEstateRama) — Bank of America and Wells Fargo were the top commercial/multifamily originators in 2008, according to a set of listings released today by the Mortgage Bankers Association (MBA). Other originators in the top 10 include PNC Real Estate; Holliday Fenoglio Fowler, L.P.; Wachovia; GE Real Estate; Capmark Financial Group Inc.; CBRE | Melody; Deutsche Bank Commercial Real Estate; and KeyBank Real Estate Capital.
Mortgage Applications Increase in Latest MBA Weekly Survey
April 8, 2009 Posted by MBA
WASHINGTON, D.C. - April 08, 2009 - (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 3, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1250.6, an increase of 4.7 percent on a seasonally adjusted basis from 1194.4 one week earlier.
Commercial/Multifamily Market Feels Economic Pressures
March 31, 2009 Posted by MBA
March 31, 2009 - (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the fourth quarter of 2008. The analysis shows a further decline in origination volume while commercial/multifamily mortgage debt outstanding remained relatively stable.
Commercial/Multifamily Mortgage Debt Outstanding Increases During Fourth Quarter
March 24, 2009 Posted by MBA
Washington, DC - March 24, 2009 - (RealEstateRama) — The level of commercial/multifamily mortgage debt outstanding grew by 0.7 percent in the fourth quarter of 2008, to $3.5 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data. The total was an increase of $166 billion, or 5 percent from the end of 2007.
CampusMBA Welcomes Two New Certified Mortgage Technologist (CMT) Designees to Its Ranks
March 20, 2009 Posted by MBA
Las Vegas, NV - March 20, 2009 - (RealEstateRama) — CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced that Michael Chan, CMT, Vice President of ComplianceEase and Wayland B. Lennone, III, CMT, Relationship Executive of Fiserv have earned the prestigious Certified Mortgage Technologist (CMT) designation.
