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Dan Phelan Presented with MBA Education Rosser Lifetime Achievement Award

The Mortgage Bankers Association's (MBA) today presented Dan Phelan, CMB, CRI, CCMS, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award. "Dan is one of the industry's strongest advocates for MBA's School of Mortgage Banking," said Bill Emerson, MBA Chairman. "He believes that enhanced industry education is the path to restoring faith and confidence among consumers and policymakers in our industry and those individuals who practice it.

MBA Honors U.S. Bank Home Mortgage’s Dan Arrigoni with Distinguished Service Award

The Mortgage Bankers Association (MBA) honored Dan Arrigoni, formerly president of U.S. Bank Home Mortgage, with its Andrew D. Woodward Distinguished Service Award. The award is presented in recognition of dedication and prominent service to MBA and the mortgage lending industry in a variety of capacities involving both legislative and regulatory activities. Arrigoni was presented the award in a ceremony held at MBA's Annual Convention & Expo in San Diego, CA.

Mortgage Bankers Association and Freddie Mac Announce Alliance to Provide New Benefits to MBA...

The Mortgage Bankers Association (MBA) and Freddie Mac (OTCQB: FMCC) today announced an alliance to offer MBA members a series of quality benefits and solutions designed to add value in today's market. Through this partnership, eligible-MBA members will gain access to special mortgage product flexibilities and enhanced training benefits. This announcement was made at the Mortgage Bankers Association's 102nd Annual Convention and Expo in San Diego, CA.

MORPAC Honors Rick Arvielo with the Distinguished 2015 Schumacher-Bolduc Award

The Mortgage Bankers Association Political Action Committee (MORPAC) today awarded Rick Arvielo, CEO New American Funding, with the 2015 Schumacher-Bolduc Award at the association's Annual Convention and Expo held in San Diego, California. The award was given to Mr. Arvielo in recognition of his outstanding work on behalf of MBA's political advocacy programs and the mortgage lending industry

Remarks by Bill Emerson, MBA Chairman During MBA’s 102nd Annual Convention & Expo

Bill Emerson, Chairman of the Mortgage Bankers Association (MBA) today delivered the following remarks at the association's 102nd Annual Convention and Expo in San Diego, CA

Builder Confidence Rises Three Points in October

Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This month’s reading is a return to HMI levels seen at the end of the housing boom in late 2005.

National Journal and National Association of Home Builders to Hold 2016 Presidential Candidate Forum...

National Journal, with sponsorship from the National Association of Home Builders (NAHB), will convene a 2016 presidential candidate forum, “Building Opportunity: Solutions for the American Dream,” in Las Vegas just weeks before the Iowa caucuses. Held during Design and Construction Week, a gathering of over 100,000 design and construction professionals, the forum will provide candidates the opportunity to address the most pressing economic and domestic policy issues before the largest annual gathering of the housing industry in the country.

Circuit of the Americas Observation Tower and Austin360 Amphitheater Wins National Steel Building Award...

The Circuit of the Americas Observation Tower and Austin360 Amphitheater in Austin, Texas, has earned national recognition in the 2015 Innovative Design in Engineering and Architecture with Structural Steel awards program (IDEAS2). In honor of this achievement, members of the project team will be presented with awards from the American Institute of Steel Construction (AISC) during a ceremony at the structure on Friday, October 23 at 10 a.m.

EPA Finalizes Nationwide Electronic Reporting Rule for Stormwater Permits

The U.S. Environmental Protection Agency (EPA) has finalized a nationwide rule(link is external) that will require construction site operators to submit certain National Pollutant Discharge Elimination System (NPDES) stormwater permit documentation to their permitting authorities using an electronic reporting tool, instead of filing paper. The new rule requires states to share these data with EPA, along with government-administered inspection and enforcement results.

Nonprofit Coalition Applauds Greater Transparency in New Home Mortgage Disclosure Rules

In response to the Consumer Financial Protection Bureau’s new Home Mortgage Disclosure Act (HMDA) rules announced earlier yesterday, Kevin Stein, associate director at the California Reinvestment Coalition released this statement

South Carolina REALTORS® Release September Market Data

According to the reports, there are five percent more new listings across South Carolina totaling 8,622. Pending Sales decreased three percent to 5,203, and there is five percent less inventory to choose from with 38,368 homes on the market. Prices moved higher as Median Sales Price was up seven percent to $174,460. Homes sold faster throughout September with most on the market for 99 days. Months Supply of Inventory was down almost 17 percent to six months

Stevens’ Statement on Final HMDA Rule

David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) released the following statement regarding the Consumer Financial Protection Bureau's (CFPB) final Home Mortgage Disclosure Act (HMDA) rule

Solar Industry Commends Bakersfield City Council’s Leadership on Federal ITC

The Solar Energy Industries Association (SEIA) joined with the California Solar Energy Industries Association (CALSEIA) in praising the Bakersfield City Council for tonight’s swift passage of a resolution urging Congress to take immediate action to extend the federal solar investment tax credit (ITC)

The International Housing Association Calls for Advancing Housing Affordability

The International Housing Association (IHA) issued a call for advancing housing affordability during its 2015 Interim Meeting this week in Ottawa, Ontario, Canada. The group aims to provide access to safe and decent housing to the broadest population possible. The National Association of Home Builders (NAHB) serves as the Secretariat of IHA

CEDIA REPORT FINDS NEW CONNECTED HOME TECHNOLOGIES AND RISING CONSUMER CONFIDENCE WILL TRANSLATE TO...

DALLAS - CEDIA EXPO 2015 (October 15, 2015) - As more American homeowners purchase high-end home entertainment, lighting control, whole home control and security...

Comprehensive Enforcement Action, Federal Court Filings Require Rhode Island State Government to Reduce Pollution...

The United States has taken comprehensive enforcement action to resolve several years of significant noncompliance by the Rhode Island Department of Transportation (RIDOT) with its obligations under the federal Clean Water Act and the permit that governs day-to-day operations of its stormwater drainage systems, announced Assistant Attorney General John C. Cruden of the Department of Justice’s Environmental and Natural Resources Division, U.S. Attorney Peter F. Neronha for the District of Rhode Island and the Environmental Protection Agency (EPA) Region 1 Administrator H. Curtis Spalding.

NCRC Applauds Final Home Mortgage Disclosure Act Data Rule

Today, in reaction to the Consumer Financial Protection Bureau’s release of a final rule regarding modifications to Regulation C, which will implement changes to the Home Mortgage Disclosure Act (HMDA), NCRC President and CEO John Taylor made the following statement:

ABA Members Saved Over $15 Million With Endorsed Mortgage Solutions

The American Bankers Association, through its subsidiary the Corporation for American Banking, announced today that it has saved participating member banks more than $15 million in 2015 through its endorsed mortgage lending programs. With more than 1,200 member banks taking advantage of one or more endorsed lending solutions, each active participating bank saved an average of more than $21,000

MERS is a Beneficiary with the Power to Assign

In pdf Ferguson v. Bank of New York Mellon Corp. (128 KB), borrowers sued MERS, their servicer and the trustee seeking an injunction and declaratory relief preventing the trustee from foreclosing. They alleged that Bank of New York Mellon violated the false lien statute by falsely asserting a right to foreclose. The district court granted MERS and Bank of New York Mellon’s motion to dismiss. On appeal, the borrowers argued that the MERS assignment was void because Texas law did not permit MERS to act as beneficiary of a Deed of Trust.

Effort to Protect 600 Acres a Success: Meccawe Club Conserves Forest for Future Generations

A large tract of forestland in the towns of Reading and Bridgewater was permanently conserved by the Meccawe Club, the Vermont Land Trust announced today. The Meccawe Club is a 100-year-old private trout fishing club. Over the years it had acquired lands to protect Meccawe Pond and provide for the club’s future