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MBA Statement on FHFA Extending Pandemic-Related Programs
MBA's President and CEO Bob Broeksmit, CMB, issued the following statement on the announcement by the Federal Housing Finance Agency (FHFA) extending, through September 30, 2020, Fannie Mae and Freddie Mac's loan origination flexibilities
Share of Mortgage Loans in Forbearance Declines Slightly to 7.20%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 7.21% of servicers' portfolio volume in the prior week to 7.20%
Existing-home sales continued on a strong, upward trajectory in July, marking two consecutive months...
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 7.21%
Do I Need Personal Liability Insurance for My Property?
When you own a property, you have a lot of responsibilities which you must deal with. You have to maintain and look after that property, as well as ensure that it is safe. You’ll want to ensure that you have secured your home for the whole family
How Credit Score Affects Your Home Loan
Your credit score is crucial when you are applying for a home loan. Lenders, upon knowing what your credit score, can fairly estimate the quality of your credit, or the amount of risk that may be involved in extending you a loan.
New Refinancing Fee Could Roil Mortgage Market
National Association of Realtors® President Vince Malta issued the following statement in response to Wednesday’s announcement by Fannie Mae and Freddie Mac of plans to impose a new 0.5% adverse-market fee
Mortgage Delinquencies Spike in the Second Quarter of 2020
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.22 percent of all loans outstanding at the end of the second quarter
Share of Mortgage Loans in Forbearance Decreases for the Eighth Straight Week to 7.44%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 23 basis points from 7.67% of servicers
July New Home Purchase Mortgage Applications Increased 39 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2020 shows mortgage applications for new home purchases increased 39 percent compared from a year ago.
MBA Study Finds Home Equity Lending Growth Hindered by Alternative Products and COVID-19
Home equity loan debt outstanding and borrower utilization rates declined in 2019, and mortgage lenders anticipate originations to fall again this year before increasing modestly in 2021. This is according to the Mortgage Bankers Association's (MBA)
Mortgage Credit Availability Increased in July
Mortgage credit availability increased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
Commercial/Multifamily Borrowing Falls 48 Percent in the Second Quarter of 2020
Commercial and multifamily mortgage loan originations were 48 percent lower in the second quarter compared to a year ago, and declined 31 percent from the first quarter of 2020
Share of Mortgage Loans in Forbearance Decreases for Seventh Straight Week to 7.67%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 7.74% of servicers' portfolio volume in the prior week to 7.67% as of July
MBA Opens Doors Foundation Receives $100,000 from AmeriHome Mortgage Company
The MBA Opens Doors Foundation (Opens Doors) today announced that it has received a $100,000 donation from AmeriHome Mortgage Company. With this gift, Opens Doors will further deliver on its mission of providing mortgage and rental
Construction Loans
There are plenty of reasons to build your own home. The level of customization you get to have about every aspect of the building process means that you can build your home to your exact specifications and fit your own needs.
NAR’s Victoria Gillespie, Shannon McGahn named “Women of Influence” by HousingWire
National Association of Realtors®’ senior executives Victoria Gillespie and Shannon McGahn have been recognized as part of HousingWire’s 2020 “Women of Influence” awards.
Multifamily Lending Increased 7 Percent to New Record High in 2019
Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided a total of $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units
Share of Mortgage Loans in Forbearance Decreases for Fifth Straight Week to 7.80%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020
COVID-19 Pandemic to Cause Pullback in Commercial/Multifamily Lending in 2020
Commercial and multifamily mortgage bankers are expected to close $248 billion of loans backed by income-producing properties in 2020, a 59 percent decline from 2019's record volume of $601 billion, according to a new forecast released today
MISMO® Certifies First Two Remote Online Notary Products
MISMO®, the mortgage industry's standards organization, today announced that eNotaryLog and Notarize are the first two companies to complete MISMO's new Remote Online Notarization (RON) certification program.