News
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MBA Opens Doors Launches Disaster Relief Program for Children’s Hospital Los Angeles
The Mortgage Bankers Association’s (MBA) Opens Doors Foundation (Opens Doors) today welcomed Owen Lee, 2025 MBA Vice Chair and CEO of Success Mortgage Partners (SMP), and philanthropist Mary Clarke Stevens to its Board of Directors.
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MBA Calls on Senate to Confirm Scott Turner as HUD Secretary
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the Federal Housing Administration’s (FHA) release of its permanent loss mitigation waterfall.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2025.
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Share of Mortgage Loans in Forbearance Decreases Slightly to 0.47% in DecemberThe Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior month to 0.47% as of December 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020.
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MBA Promotes Megan Booth to Vice President of Commercial/Multifamily Policy
The Mortgage Bankers Association (MBA) today announced the promotion of Megan Booth to Vice President of Commercial/Multifamily Policy. In her new role, Booth will manage the development and execution of MBA members’ policy objectives and goals and will serve as a staff lead on federal and state regulatory issues pertaining to commercial real estate finance.
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MBA Congratulates President Donald Trump and Vice President JD Vance
MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement congratulating President Donald Trump and Vice President JD Vance on their inauguration and the executive order to lower costs for Americans.
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December New Home Purchase Mortgage Applications Increased 8.9 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2024 shows mortgage applications for new home purchases increased 8.9 percent compared from a year ago. Compared to November 2024, applications decreased by 3 percent. This change does not include any adjustment for typical seasonal patterns.
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MBA Statement on the Nomination of Bill Pulte as FHFA Director
MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement on Bill Pulte being nominated by President-elect Donald Trump to be Director of the Federal Housing Finance Agency (FHFA).
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MISMO Honors Annual Award Recipients at 2025 Winter Summit
MISMO®, the real estate finance industry's standards organization, announced the recipients of its MISMO Awards program during a ceremony held at its 2025 Winter Summit. The MISMO Awards program recognizes volunteer contributors for their efforts to solve issues or create new opportunities on behalf of the industry.
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MBA Statement on FHA’s Loss Mitigation Waterfall Updates
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the Federal Housing Administration’s (FHA) release of its permanent loss mitigation waterfall.
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MBA Launches Cleveland State University Mortgage Banking Bound Program
MBA Education, the award-winning education division of the Mortgage Bankers Association (MBA), today launched its Mortgage Banking Bound (MBB) program at Cleveland State University. The program offers a three-credit undergraduate course on residential mortgage origination and processing.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 33.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 10, 2025. Last week’s results included an adjustment for the New Year’s holiday.
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December Jobs Report Commentary from MBA's Mike Fratantoni
The following is MBA SVP and Chief Economist Mike Fratantoni’s reaction to this morning’s U.S. Bureau of Labor Statistics report on employment conditions in December.
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MBA Statement on the Victims of the Southern California Wildfires
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the victims affected by the wildfires in Southern California.
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Mortgage Credit Availability Increased in December
Mortgage credit availability increased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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MBA Applauds HUD Move on Multifamily Underwriting Enhancements
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Housing and Urban Development’s (HUD) announcement of changes to the minimum debt service coverage ratio (DSCR) and maximum loan-to-cost percentage (LTC) levels for Federal Housing Administration (FHA) multifamily loans.
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Nanci Weissgold Appointed Chair of MORPAC for 2025-2026
The Mortgage Bankers Association (MBA) today announced that Nanci L. Weissgold, Partner and Co-Chair of the Alston and Bird law firm's Financial Services Group, has been appointed chair of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2025-2026 election cycle.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 3, 2025. This week’s results include an adjustment for the New Year’s holiday.
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Bill Nelson Appointed Chairman of MAA for 2025-2026
The Mortgage Bankers Association (MBA) announced today that William (Bill) Nelson, Executive Vice President, Secondary and Mortgage Operations of Standard Mortgage Corporation, has been appointed Chairman of the Mortgage Action Alliance (MAA) for the 2025-2026 election cycle.
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MBA Names Jamie Woodwell SVP of Commercial/Multifamily Policy and Strategic Industry Engagement
The Mortgage Bankers Association (MBA) today announced the promotion of Jamie Woodwell to Senior Vice President of Commercial/Multifamily Policy and Strategic Industry Engagement. Woodwell, a 20-year veteran at MBA, will oversee the association’s public policy and member engagement efforts across all commercial real estate finance sectors, working closely with member leaders and staff to advance MBA members’ business and policy objectives.