MBA
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - July 11, 2012 - (RealEstateRama) -- Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 6, 2012. This week’s results include an adjustment for the Fourth of July holiday
MBA Comments on CFPB’s Qualified Mortgage Provisions
WASHINGTON, D.C. - July 10, 2012 - (RealEstateRama) -- On Tuesday July 10, 2012, the Mortgage Bankers Association (MBA) submitted a comment letter to the Bureau of Consumer Financial Protection (CFPB) in response to the reopening of the comment period for the proposed rule to implement the Ability to Repay/Qualified Mortgage (QM) provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The letter outlines MBA’s views and recommendations as the CFPB undertakes further refinements.
MBA: First Quarter Mortgage Banker Production Profits Improve
WASHINGTON, DC - July 2, 2012 - (RealEstateRama) -- Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,654 on each loan they originated in the first quarter of 2012, up from $1,093 per loan in the fourth quarter of 2011, the Mortgage Bankers Association reported this morning.
Stevens to Stay at MBA
Washington, DC - July 2, 2012 - (RealEstateRama) -- The Mortgage Bankers Association is pleased to announce that David H. Stevens has agreed to stay on as President and CEO. Recently, Stevens indicated he planned to leave the association in order to accept a position at SunTrust Mortgage, a long-standing active MBA member.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 27, 2012 - (RealEstateRama) --Mortgage applications decreased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 22, 2012.
Government Refinance Applications More Than Double in Latest MBA Survey
WASHINGTON, D.C. - June 20, 2012 - (RealEstateRama) -- Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 15, 2012.
MBA Comments on FHFA’s Draft Strategic Plan
WASHINGTON, D.C. - June 18, 2012 - (RealEstateRama) -- On Wednesday, June 13, 2011, the Mortgage Bankers Association (MBA) sent the attached letter to the Federal Housing Finance Agency (FHFA) in response to the FHFA’s draft Strategic Plan: Fiscal Years 2013-2017. The letter outlines MBA’s views and recommendations as the FHFA undertakes further refinements and continues its implementation
Mortgage Applications Reach Highest Level Since 2009 in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 14, 2012 - (RealEstateRama) -- Mortgage applications increased 18.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 8, 2012. Last week’s results included an adjustment for the Memorial Day holiday
Commercial/Multifamily Mortgage Balances Up $8.1 Billion in First Quarter
Washington, DC - June 12, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by $8.1 billion, or 0.3 percent, in the first quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).
Rodrigo Lopez Testifies on the Role of FHA in the Multifamily Mortgage Markets
WASHINGTON, D.C. - June 7, 2012 - (RealEstateRama) -- Rodrigo Lopez, CMB, President and CEO of AmeriSphere Multifamily Finance headquartered in Omaha, Nebraska, today testified on behalf of the Mortgage Bankers Association (MBA) before the U.S. House of Representatives Committee on Financial Services Subcommittee on Insurance, Housing and Community Opportunity at a hearing titled, “Oversight of Federal Housing Administration’s Multifamily Insurance Programs.”
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 6, 2012 - (RealEstateRama) -- Mortgage applications increased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 1, 2012. This week’s results include an adjustment for the Memorial Day holiday.
MBA Calls on FHA to Allow Investors into 203(k) Program
WASHINGTON, D.C. - June 6, 2012 - (RealEstateRama) -- On Tuesday, June 6, 2012 MBA sent a letter to FHA Commissioner Carol Galante asking FHA to lift the moratorium on allowing investors to participate in FHA’s Section 203(k) Rehabilitation Loan Program.
Commercial and Multifamily Mortgage Delinquency Rates Drop for Banks, Rise for CMBS in First...
WASHINGTON, D.C. - June 5, 2012 - (RealEstateRama) -- Commercial and multifamily mortgage delinquency rates dropped for banks and rose for commercial mortgage backed securities (CMBS) during the first quarter of 2012. Delinquency rates also declined for life insurance companies and Fannie Mae during the first quarter, and increased by 0.01 percentage points for Freddie Mac, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
Mortgage Rates Drop to New Survey Lows
WASHINGTON, D.C. - May 30, 2012 - (RealEstateRama) -- Mortgage applications decreased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 25, 2012. This week’s results do not include an adjustment for early closings on Friday before the Memorial Day holiday.
MBA Announces David H. Stevens to Leave Association
Washington, DC - May 30, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced that David H. Stevens, the association’s President and CEO, will be leaving the organization effective June 30, 2012. SunTrust Bank, a long-standing and active member of MBA, has announced that it has hired Stevens to be President of SunTrust Mortgage.
MBA Increases Originations Estimate for 2012 by Almost $200 Billion
Washington, DC - May 24, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced it is increasing its mortgage origination forecast for 2012 by almost $200 billion, due entirely to an increase in refinances. MBA now expects that mortgage originations will reach $1.28 trillion in 2012, up from $1.26 trillion in 2011
Record Low Mortgage Rates Fuel Third Consecutive Increase In Refinance Applications In Latest MBA...
WASHINGTON, D.C. - May 23, 2012 - (RealEstateRama) -- Mortgage applications increased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 18, 2012.
Q1 2012 Commercial/Multifamily Mortgage Originations Up 36 Percent from Q1 2011
Washington, DC - May 16, 2012 - (RealEstateRama) -- First quarter 2012 commercial and multifamily mortgage loan originations were 36 percent higher than during the same period last year and 12 percent lower than the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decrease from fourth quarter 2011 reflects the industry’s usual push to finalize deals before the end of the year, and subsequent drop-offs in first quarter numbers.
Delinquencies Decline in Latest MBA Mortgage Delinquency Survey
WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the first quarter of 2012, a decrease of 18 basis points from the fourth quarter of 2011, and a decrease of 92 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased 121 basis points to 6.94 percent this quarter from 8.15 percent last quarter.
Refinance Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- Mortgage applications increased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 11, 2012