News
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Total Commercial Real Estate Borrowing and Lending Increased 16 Percent in 2024
Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16 percent increase from the $429 billion in 2023, and a 39 percent decrease from $816 billion in 2022. This is according to the Mortgage Bankers Association’s (MBA) 2024 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
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Mortgage Application Payments Decreased 1.4 Percent to $2,173 in March
Homebuyer affordability improved in March, with the national median payment applied for by purchase applicants decreasing to $2,173 from $2,205 in February. This is according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 12.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 18, 2025.
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CONVERGENCE in Action: Land Expo in Memphis
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Share of Mortgage Loans in Forbearance Decreases Slightly to 0.36% in March
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.38% of servicers’ portfolio volume in the prior month to 0.36% as of March 31, 2025.
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March New Home Purchase Mortgage Applications Increased 5.5 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2025 shows mortgage applications for new home purchases increased 5.5 percent compared from a year ago. Compared to February 2025, applications increased by 14 percent. This change does not include any adjustment for typical seasonal patterns.
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Independent Mortgage Bankers Post Net Production Profits in 2024
Independent mortgage banks and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 8.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2025.
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MBA Statement on FHA’s Adoption of New Loss Mitigation Safeguards
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the Federal Housing Administration’s (FHA) adoption of new loss mitigation safeguards.
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MBA Promotes Brendan Kelleher to Associate Vice President of Government Housing Finance
The Mortgage Bankers Association (MBA) today announced that Brendan Kelleher has been promoted to fill the role of Associate Vice President of Government Housing Finance. In his new role, Kelleher will help lead the execution of MBA’s residential government housing policy and regulatory advocacy priorities, develop and strengthen important agency and industry relationships, and manage key MBA committees.
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MBA Statement on the Reintroduction of House and Senate Bills to Stop Abusive Trigger Leads
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the reintroduction of the Homebuyers Privacy Protection Act in the U.S. House of Representatives and Senate.
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MBA Presents Burton C. Wood Award to Becky Sandiland, CMB, of Belay Bank Mortgage
The Mortgage Bankers Association (MBA) today presented its annual Burton C. Wood Legislative Service Award to Rebecca “Becky” Sandiland, CMB, Senior Loan Advisor at Belay Bank Mortgage, at MBA's 2025 National Advocacy Conference (NAC).
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 20.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 4, 2025.
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Mortgage Credit Availability Increased in March
Mortgage credit availability increased in March 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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March 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 March.
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MBA Calls on VA and Congress to Implement Permanent Partial Claim Program to Assist Veteran Homeowners at Risk of Foreclosure
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Veterans Affairs’ (VA) reported plans of a phase-out of its Veterans Affairs Servicing Purchase (VASP) program.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 28, 2025.
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Mortgage Application Payments Remain Flat in February
Homebuyer affordability remained flat in February with the national median payment applied for by purchase applicants remaining unchanged at $2,205 in February. This is according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 21, 2025.
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MISMO Seeks Comment on SMART Doc® V3 Security Instrument Specification
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on the SMART Doc® V3 Security Instrument Specification. The 60-day public comment period will run through May 24, 2025.