MBA
MBA Elects New Officers
Chicago, IL - October 23, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the election of Debra W. Still, CMB, President and Chief Executive Officer of Pulte Mortgage LLC, as the 2013 Chairman of MBA at the association’s 99th Annual Convention & Expo in Chicago. E. J. Burke, Executive Vice President and Group Head, KeyBank Real Estate Capital and Corporate Banking Services, was named Chairman-Elect of MBA, while Bill Cosgrove, CMB, President and CEO of Union National Mortgage Company, was named Vice Chairman. All three officers will serve for the 2012-2013 membership year
Paper Examines Historical Origins of America’s Mortgage Laws
WASHINGTON, DC - October 23, 2012 - (RealEstateRama) -- Today the Mortgage Bankers Association (MBA) released a paper entitled, “The Historical Origins of America’s Mortgage Laws,” conducted by Andra Ghent, Assistant Professor of Real Estate at Arizona State University and sponsored by MBA’s Research Institute for Housing America
Stevens Calls for Federal Housing Policy Coordinator, Greater Transparency from FHFA
Chicago, IL - October 23, 2012 - (RealEstateRama) -- David H. Stevens, President & CEO of the Mortgage Bankers Association (MBA) today delivered the following remarks at the association’s 99th Annual Convention and Expo in Chicago, IL.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - October 17, 2012 - (RealEstateRama) -- Mortgage applications decreased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 12, 2012. This week’s results include an adjustment to account for the Columbus Day holiday.
MBA files Comment Letter to CFPB on Servicing Standards
WASHINGTON, D.C. - October 11, 2012 - (RealEstateRama) -- On October 9, 2012 the Mortgage Bankers Association (MBA) provided official comments and exhibits on the Consumer Financial Protection Bureau’s (CFPB’s) Proposed Servicing Rules that amend the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA). CFBP’s proposed rules were released in early August
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - October 10, 2012 - (RealEstateRama) -- Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 5, 2012.
MBA Analysis Pegs 2011 Multifamily Lending at $110 billion, Up 60% From 2010
WASHINGTON, D.C. - October 4, 2012 - (RealEstateRama) -- In 2011, 2,653 different multifamily lenders provided a total of $110.1 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). The 2011 dollar volume represents a 60 percent increase from 2010 levels. Seventy-two percent of the active lenders made five or fewer multifamily loans over the course of the year.
Mortgage Refinance Applications Highest Since 2009 as Rates Reach Record Lows in Latest MBA...
WASHINGTON, D.C. - October 3, 2012 - (RealEstateRama) -- Mortgage applications increased 16.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 28, 2012.
MBA Releases Commercial/Multifamily Quarterly Data Book for Q2 2012
WASHINGTON, D.C. - September 27, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released its second quarter 2012 Commercial Real Estate/Multifamily Finance Quarterly Data Book.
The report includes a summary of major trends during the quarter and detailed charts and tables providing historical information on the commercial/multifamily real estate markets. Among the findings covered in second quarter Data Book:
Commercial/Multifamily Mortgage Debt Outstanding Declines Fueled by Drop in CMBS Loans
WASHINGTON, DC - September 24, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased by $10.4 billion, or 0.4 percent, in the second quarter of 2012, as the balance of loans in CMBS, CDO and other ABS issues continued to decline, according to the Mortgage Bankers Association (MBA).
Mortgage Rates Drop to New Survey Lows
WASHINGTON, D.C. - September 19, 2012 - (RealEstateRama) -- Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 14, 2012
Pete Mills to Lead MBA’s Residential Policy and Member Services
WASHINGTON, D.C. - September 17, 2012 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Pete Mills as Senior Vice President, Residential Policy and Member Services, effective October 1, 2012. In this position, Mr. Mills will lead efforts to enhance MBA’s residential member engagement, retention and recruitment while adding additional strength to MBA’s renowned policy team.
MBA Endorses Campbell Bill on Eminent Domain
WASHINGTON, D.C. - September 14, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), applauded the introduction of the Defending American Taxpayers from Abusive Government Takings Act, filed today in the U.S. House of Representatives by Congressman John Campbell (R-CA). The bill would prohibit Fannie Mae, Freddie Mac, the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) from making, insuring or guaranteeing mortgages in areas where municipalities are seizing loans using the power of eminent domain.
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - September 12, 2012 - (RealEstateRama) -- Mortgage applications increased 11.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 7, 2012. This week’s results include the customary upward adjustment for the Labor Day holiday.
MBA Statement on FHFA’s New Representation and Warranty Framework
WASHINGTON, D.C. - September 12, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the new representation and warranty framework announced by the Federal Housing Finance Agency (FHFA) today.
MBA Sends Letters to FHFA on Eminent Domain
WASHINGTON, D.C. - September 7, 2012 - (RealEstateRama) -- MBA sent a letter to the Federal Housing Finance Agency's (FHFA) General Counsel Alfred Pollard in response to the agency's request for input concerning proposals in California and elsewhere to utilize eminent domain powers to refinance performing, underwater mortgages. In the letter, MBA's President and CEO David H. Stevens concurs with FHFA's own comment that, "utilizing eminent domain in this way could undermine and have a chilling effect on the extension of credit" to prospective homeowners and investors
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - September 5, 2012 - (RealEstateRama) -- Mortgage applications decreased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 31, 2012.
Commercial and Multifamily Mortgage Delinquency Rates Continue to Drop for Banks, Rise for CMBS...
WASHINGTON, D.C. - August 30, 2012 - (RealEstateRama) -- Commercial and multifamily mortgage delinquency rates continued to drop for banks and rise for commercial mortgage backed securities (CMBS) during the second quarter of 2012. Delinquency rates also declined for Fannie Mae during the second quarter, and increased by 0.01 percentage points for life companies and 0.04 percentage points for Freddie Mac according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
Second Quarter Independent Mortgage Banker Profits Increase
WASHINGTON, DC - August 30, 2012 - (RealEstateRama) -- Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,152 on each loan they originated in the second quarter of 2012, up from $1,654 per loan in the first quarter, the Mortgage Bankers Association (MBA) reported today.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - August 28, 2012 - (RealEstateRama) -- Mortgage applications decreased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 24, 2012.