News

WASHINGTON, D.C. - September 28, 2011 - (RealEstateRama) -- Mortgage applications increased 9.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 23, 2011.

Washington, DC - September 23, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) and MERSCORP,Inc.® (the parent company of Mortgage Electronic Registration Systems, Inc., MERS) jointly announced today that management of the Mortgage Industry Standards Maintenance Organization, Inc. (MISMO®) will transfer to MBA on December 1, 2011.

Washington, DC - September 22, 2011 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding increased by 0.1 percent in the second quarter of 2011, the first quarterly increase since the third quarter of 2009, according to the Mortgage Bankers Association (MBA).

WASHINGTON, D.C. - September 21, 2011 - (RealEstateRama) -- Mortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 16, 2011.

WASHINGTON, D.C. - September 15, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), testified today before the Senate Banking Subcommittee on Housing, Transportation and Community Development at a hearing titled, “New Ideas for Refinancing and Restructuring Mortgage Loans.”

WASHINGTON, D.C. - September 14, 2011 - (RealEstateRama) -- Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 9, 2011. This week’s results include an adjustment to account for the Labor Day holiday

WASHINGTON, D.C. - September 12, 2011 - (RealEstateRama) -- Commercial/multifamily mortgage delinquency rates among four out of five major investor groups decreased in the second quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

WASHINGTON, D.C. - September 8, 2011 - (RealEstateRama) -- Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 2, 2011.

WASHINGTON, D.C. - September 7, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Jeffrey M. Schummer as Vice President of Education. In this role, Schummer will be driving the strategic vision, development and growth of MBA's educational programs.

WASHINGTON, D.C. - September 2, 2011 - (RealEstateRama) -- MBA's Annual Convention and Expo is the premier conference for professionals in all sectors of the mortgage banking industry. The convention addresses key industry-related strategic issues and provides in-depth analysis concerning leadership, growth strategies and trends. Garner insight from influential industry executives as they share their views on the current market, and their projections for the future of real estate finance.

WASHINGTON, D.C. - September 2, 2011 - (RealEstateRama) -- MBA's Annual Convention and Expo is the premier conference for professionals in all sectors of the mortgage banking industry. The convention addresses key industry-related strategic issues and provides in-depth analysis concerning leadership, growth strategies and trends. Garner insight from influential industry executives as they share their views on the current market, and their projections for the future of real estate finance.

WASHINGTON, DC - August 31, 2011 - (RealEstateRama) -- Independent mortgage banks and subsidiaries made an average profit of $575 on each loan they originated in the second quarter of 2011, up from $346 per loan in the first quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Second Quarter 2011 Mortgage Bankers Performance Report released today.

WASHINGTON, D.C. - August 31, 2011 - (RealEstateRama) -- Mortgage applications decreased 9.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 26, 2011.

WASHINGTON, D.C. - August 26, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2011. On top of the list of firms is Wells Fargo with $442.9 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $346.5 billion, Berkadia Commercial Mortgage with $184.2 billion, Bank of America Merrill Lynch with $123.7 billion and KeyBank Real Estate Capital with $107.7 billion.

WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.44 percent of all loans outstanding as of the end of the second quarter of 2011, an increase of 12 basis points from the first quarter of 2011, and a decrease of 141 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 32 basis points to 8.11 percent this quarter from 7.79 percent last quarter.

WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The Mortgage Bankers Association's (MBA) Economic and Mortgage Finance Forecasts released today project $1.1 trillion in residential mortgage origination volume in 2011, roughly $100 billion more than earlier forecasts, as low mortgage rates have brought in higher than expected refinance volume, while purchase volume has been less than anticipated. However, despite lower forecasted mortgage rates, weaker projected economic growth in 2012 led to a reduction in MBA's origination forecast for that year to $931 billion, which would be the lowest volume originated since 1997.

WASHINGTON, D.C. - August 17, 2011 - (RealEstateRama) -- Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 12, 2011.

WASHINGTON, D.C. - August 10, 2011 - (RealEstateRama) -- Mortgage applications increased 21.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 5, 2011.

WASHINGTON, D.C. - August 8, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Brian Hartman as Associate Vice President of Marketing. In this role, he will help develop, execute and manage MBA’s direct marketing programs. He will work in close partnership with other departments in MBA’s Communications, Marketing and Education Group to maximize marketing impact. He will also serve as a strategic partner to other MBA business units in an effort to maintain and improve the customer’s and member’s “return on investment.”

WASHINGTON, D.C. - August 4, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) today supported the introduction of S. 1508, the Homeownership Affordability Act of 2011, a bill that will allow the Federal Housing Administration (FHA), Government Sponsored Enterprises (GSE) and the Veterans Administration (VA) to insure home loans at their current maximum levels until December 31, 2013. The Senate bill joins similar efforts in the House to extend the current limits, which are set to expire September 30, 2011.