MBA
MBA Forecasts Commercial and Multifamily Origination Volume at $549 Billion in 2018
The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will decline slightly in 2018, ending the year at $549 billion, down three percent from the 2017 volumes. MBA expects volumes to remain at roughly that level in 2019 as well. MBA forecasts mortgage banker originations of just multifamily mortgages at $248 billion in 2018, with total multifamily lending at $271 billion.
Mortgage Delinquency Rate Up in 4th Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter of 2017. The delinquency rate was up 29 basis points from the previous quarter, and was 37 basis points higher than one year ago
Mortgage Applications Slightly Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 2, 2018.
Prepared Remarks of Chairman Dave Motley,CMB at MBA’s National Mortgage Servicing Conference and Expo...
Dave Motley, CMB, 2018 Mortgage Bankers Association (MBA) Chairman and President of Colonial Savings, F.A. today delivered the following remarks at MBA's National Mortgage Servicing Conference and Expo 2018 in Grapevine, Texas.
Mortgage Credit Availability Increases in January
Mortgage credit availability increased in January 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 Statement on S. 2361, The Housing Opportunity Mortgage Expansion (HOME) Act
David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), released the following statement, and sent a letter of support, commending the introduction of S. 2361, the Housing Opportunity Mortgage Expansion (HOME) Act, which amends the Federal Home Loan Bank Act to restore membership for those captive insurance subsidiaries that were removed from the Federal
MBA Comment on Appeals Court Ruling in PHH v CFPB
David Motley, CMB, Chairman of the Mortgage Bankers Association, issued the following statement in response to the DC Circuit Court Of Appeals ruling in the case of PHH Corporation et al v. Consumer Financial Protection Bureau
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 26, 2018.
MISMO Recognizes Contributor Award Winners
MISMO® , the Mortgage Industry Standards Maintenance Organization, today announced its 2017 Contributor Award Winners. "MISMO's tremendous success over the past year is directly attributable to the contributions of many highly skilled individuals who are ready and willing to collaborate to support the industry. It is a pleasure to have the opportunity to recognize these individuals for their important contributions," said Richard Hill, Executive Vice President of MISMO and Vice President of Industry Technology for the Mortgage Bankers Association.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 19, 2018. This week's results included an adjustment for the MLK Day holiday.
MBA Statement on FHFA’s Perspective on Housing Finance Reform
David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), released the following statement regarding FHFA's paper entitled, "Federal Housing Finance Agency Perspectives on Housing Finance Reform"
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 8.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 5, 2018. This week's results included an adjustment for the New Year's holiday. Results for the previous week ending 12/29/17 were revised.
December New Home Purchase Mortgage Applications Increase 7.8 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for December 2017 shows mortgage applications for new home purchases increased 7.8 percent compared to December 2016. Compared to November 2017, applications decreased by 18 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
Residential Remodeling Spending Trending Up
Spending on residential remodels will continue to grow at a modest pace in the next two years, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers at the International Builders’ Show (IBS) in Orlando, Fla. Professional remodelers from around the country agreed with the forecast, citing increased consumer confidence.
MBA Chairman Dave Motley, CMB, Testifies on Loan Churning in VA Refinance Program
Dave Motley, CMB, Chairman of the Mortgage Bankers Association (MBA), testified today before the U.S. House Committee on Veterans' Affairs Subcommittee on Economic Opportunity at a hearing entitled, "Home Loan Churning Practices and How Veteran Homebuyers are Being Affected." His full written testimony is available here. Below is Motley's oral testimony, as prepared for delivery
MBA Releases 2018 CREF Outlook Survey
Commercial and multifamily mortgage originators expect another strong year according to the 2018 MBA CREF Outlook Survey. Nearly four-in-five (78 percent) of the top commercial/multifamily firms expect originations to increase in 2018, with almost one-quarter (22 percent) expecting an overall increase of 5 percent or more across the entire market.
MBA Awards Over $120,000 in Path to Diversity and Inclusion Scholarships in 2017
The Mortgage Bankers Association (MBA) today announced that it awarded $121,283 in scholarships in 2017 to 102 minorities and women under its Path to Diversity & Inclusion Scholarship Program. The scholarship recognizes existing industry professionals from diverse backgrounds who are seeking to advance their careers through continuing education
Mortgage Applications Decrease Over Two Week Period in Latest MBA Survey
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.
MBA Statement on FHFA Establishing Limited Capital Cushion
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
MBA Opens Doors Celebrates Successful 2017
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.