MBA
Commercial/Multifamily Mortgage Debt Rose over $200 Billion in 2017
The level of commercial/multifamily mortgage debt outstanding at the end of 2017 was $3.18 trillion, $200.3 billion higher than at the end of 2016, or an increase of 6.7 percent, according to MBA's latest Commercial/Multifamily Mortgage Debt Outstanding report released today. The fourth quarter of 2017 saw an increase of $73.6 billion, or 2.4 percent, over the third quarter, as all four of the major investor groups increased their holdings.
MBA Applauds Passage of S. 2155
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement applauding Senate Banking Chairman Crapo (R-ID) and the bi-partisan coalition of senators that worked to ensure passage of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act.
Purchase Apps Up, Refis Down in Latest MBA Weekly Survey
Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 9, 2018.
MBA, NAMMBA Announce Partnership to Promote Diversity and Inclusion Efforts
The Mortgage Bankers Association (MBA) and the National Association of Minority Mortgage Bankers of America (NAMMBA) announced today that the two associations will form a formal strategic partnership to advance each other's diversity and inclusion efforts
February New Home Purchase Mortgage Applications Increased 4.6 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for February 2018 shows mortgage applications for new home purchases increased 4.6 percent compared to February 2017. Compared to January 2018, applications increased by 3 percent. This change does not include any adjustment for typical seasonal patterns.
Mortgage Credit Availability Decreases in February
Mortgage credit availability decreased in February 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.
Mortgage Applications Slightly Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 2, 2018. The previous week's results included an adjustment for the Washington's Birthday (Presidents' Day) holiday.
Fourth Quarter Commercial/Multifamily Delinquencies Remain Low, Bank Delinquencies Lowest on Record
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.
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 February 23, 2018. This week's results include an adjustment for the Washington's Birthday (Presidents' Day) holiday.
Homeownership Collaborative Creates Opportunities, Releases First Report
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.
MBA Welcomes 33 New Members in December and January
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
Deborah Dubois Appointed President of MBA Opens Doors Foundation
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.
MBA Statement on Flawed Reveal News Analysis on Mortgage Lending
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 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 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.
MBA Applauds House Passage of H.R. 3978, the TRID Improvement Act
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
January New Home Purchase Mortgage Applications Increased 18.4 Percent Year over Year
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.
MBA Presents JLL with Commercial/Multifamily Diversity & Inclusion Leadership Award
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
MBA Honors Tom Dennard with 2018 CREF Distinguished Service Award
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
Volume of Commercial and Multifamily Mortgages Maturing Drops 42 percent in 2018
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/Multifamily Borrowing Up 15 percent Year-over-Year
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.