News

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.

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

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.

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.

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.

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.

WASHINGTON, D.C. - August 23, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2012. At the top of the list of firms is Wells Fargo with $430.5 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $357.0 billion, Berkadia Commercial Mortgage LLC with $206.6 billion, Bank of America Merrill Lynch with $110.1 billion, and KeyBank Real Estate Capital with $100.1 billion.

WASHINGTON, D.C. - August 22, 2012 - (RealEstateRama) -- Mortgage applications decreased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 17, 2012.

WASHINGTON, D.C. - August 21, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement on the Loan Officer Compensation proposed rule released today by the Consumer Financial Protection Bureau (CFPB).

WASHINGTON, D.C. - August 20, 2012 - (RealEstateRama) -- David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the U.S. Treasury Department’s announcement of modifications to the Preferred Stock Purchase Agreements (PSPAs) between the Treasury Department and the Federal Housing Finance Agency (FHFA).

WASHINGTON, D.C. - August 15, 2012 - (RealEstateRama) -- Mortgage applications decreased 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 August 10, 2012.

WASHINGTON, D.C. - August 9, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the nomination of Bill Cosgrove, President and CEO of Union National Mortgage Company, to be its Vice Chair-Elect. He will be elected by MBA members at the Association's 99th Annual Convention, which will be held in October in Chicago, Illinois.

WASHINGTON, D.C. - August 9, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 7.58 percent of all loans outstanding as of the end of the second quarter of 2012, an increase of 18 basis points from the first quarter, but a decrease of 86 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 41 basis points to 7.35 percent this quarter from 6.94 percent last quarter. Delinquency rates typically increase between the first and second quarters of the year.

WASHINGTON, D.C. - August 8, 2012 - (RealEstateRama) -- Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 3, 2012.

WASHINGTON, D.C. - August 1, 2012 - (RealEstateRama) -- Mortgage applications increased 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 July 27, 2012.

Washington, DC - July 31, 2012 - (RealEstateRama) -- Commercial/multifamily mortgage origination volumes during the second quarter of 2012 were up 25 percent from second quarter 2011 levels, and up 39 percent from the first quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations

WASHINGTON, D.C. - July 25, 2012 - (RealEstateRama) -- Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 20, 2012.

WASHINGTON, D.C. - July 18, 2012 - (RealEstateRama) -- Mortgage applications increased 16.9 percent from one week earlier, according to data from the Mortgage...

WASHINGTON, D.C. - July 11, 2012 - (RealEstateRama) -- Debra Still, CMB, Chairman-Elect of the Mortgage Bankers Association (MBA), today testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit at a hearing title “The Impact of Dodd-Frank’s Home Mortgage Reforms: Consumer and Market Perspectives.”

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