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RealEstateRama News
First Quarter Commercial/Multifamily Delinquencies Remain at Low Levels
Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the first quarter of 2018, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.
May New Home Purchase Mortgage Applications Decreased 0.5 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2018 shows mortgage applications for new home purchases decreased 0.5 percent compared to May 2017. Compared to April 2018, applications decreased by 4 percent.This change does not include any adjustment for typical seasonal patterns.
MBA Announces Path to Diversity Scholarship Winners, Thanks Donors
The Mortgage Bankers Association (MBA) today announced that 86 individual employees from 35 different MBA member companies have been awarded the Path to Diversity (P2D) scholarship in the first seven months of the fiscal year. The scholarship recognizes existing industry professionals from diverse backgrounds who are seeking to advance their careers through continuing education.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.5 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, 2018. Last week's results included an adjustment for the Memorial Day holiday
Mortgage Credit Availability Increased in May
Mortgage credit availability increased in May 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 Research Releases Report on Current Trends in Commercial and Multifamily Mortgage Financing
Mortgage Bankers Association (MBA) Research today released a market overview highlighting the current trends in Commercial/Multifamily real estate finance. The report identifies headwinds and tailwinds the market will face in the coming months, summarizes the available data on current market conditions, and discusses the different sources of capital playing a role in the market now
Susan T. Stewart of SWBC Mortgage Nominated to be 2019 MBA Vice Chairman
The Mortgage Bankers Association (MBA) announced that Susan T. Stewart, CEO of SWBC Mortgage, has been nominated to serve as Vice Chairman for the 2019 membership year. She will be elected by MBA members at the Association's 105th Annual Convention this October in Washington, D.C.
MBA Presents Burton C. Wood Award to Primary Residential Mortgage’s David Zitting
The Mortgage Bankers Association (MBA) has presented its annual Burton C. Wood Legislative Service Award to Primary Residential Mortgage CEO, David Zitting, CMB. The award is given annually to an MBA member employee in recognition of his or her sustained superior service to the association and the real estate finance industry as a whole
MBA Selects Robert D. Broeksmit, CMB to be New President and CEO
Mortgage Bankers Association (MBA) Chairman David Motley, CMB announced today that Robert D. Broeksmit, CMB has been selected President and CEO, replacing David H. Stevens, CMB, who announced last October that he would retire in September, 2018.
Independent Mortgage Bankers Report Net Production Losses in the First Quarter of 2018
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $118 on each loan they originated in the first quarter of 2018, down from a reported gain of $237 per loan in the fourth quarter of 2017, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 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 June 1, 2018. This week's results included an adjustment for the Memorial Day holiday
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.9 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, 2018.
Mortgage Rates Increase, 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 May 18, 2018.
Erin Barry Joins MBA as Associate Vice President of Legislative Affairs
The Mortgage Bankers Association (MBA) announced today that Erin Barry has joined MBA as Associate Vice President of Legislative Affairs. In this role, she will be responsible for representing MBA's legislative and policy issues on Capitol Hill, with a primary focus on Democratic members of the U.S. Senate. She starts in her position at MBA today.
MBA Statement on House Passage of S. 2155
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released a statement following the passage of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. "I want to commend the House of Representatives for joining the Senate and passing this bill which will protect consumers and provide greater access to mortgage credit.
MISMO® Seeks Help to Update Commercial Appraisal Data Standards
Fresh off the success of creating new commercial rent roll standards, MISMO, the mortgage industry's standards organization, is seeking industry participants to collaborate on a much-needed update to commercial appraisal data standards.
Commercial/Multifamily Borrowing Up 1 Percent Year-over-Year
According to the Mortgage Bankers Association's (MBA) Quarterly S8urvey of Commercial/Multifamily Mortgage Bankers Originations, first quarter 2018 commercial and multifamily mortgage loan originations increased one percent compared to the same period last year and, in line with the seasonality of market, first quarter originations were thirty-three percent lower than the fourth quarter of 2017.
Mortgage Delinquencies Down in 1st Quarter of 2018
The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally-adjusted rate of 4.63 percent of all loans outstanding at the end of the first quarter of 2018. The delinquency rate was down 54 basis points from the previous quarter, and was eight basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 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 May 11, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7 percent on a seasonally adjusted basis from one week earlier.
MBA Releases Disaster Recovery Guide
The Mortgage Bankers Association (MBA) today released a new consumer-facing information brochure, Disaster Recovery: A Resource for Homeowners, available for use by all MBA members, counseling groups, government agencies, and any other group that offers assistance and advice to homeowners in the aftermath of a natural disaster