News
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MBA Statement on FHFA Order Rescinding Regulated Entity UDAP Compliance
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the Federal Housing Finance Agency’s (FHFA) order that rescinds Advisory Bulletin 2024:06: Regulated Entity Unfair or Deceptive Acts or Practices (UDAP) Compliance.
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MBA Releases 2024 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes
According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), the following firms were the top commercial/multifamily mortgage originators in 2024.
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MISMO Seeks Comment on New Loan Boarding Data Standard
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on the Loan Boarding Data Segment, which is the first published subset of the Industry Transfer of Servicing Dataset (ITSD). The 60-day public comment period runs through May 19, 2025.
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Commercial and Multifamily Mortgage Delinquency Rates Increased in Fourth-Quarter 2024
Commercial mortgage delinquencies increased in the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
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FOMC Commentary from MBA's Mike Fratantoni
The following is MBA SVP and Chief Economist Mike Fratantoni’s commentary following the Federal Reserve’s FOMC statement released this afternoon on monetary policy and the economy.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 14, 2025.
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MBA Statement on the Nomination of Michelle Bowman as Federal Reserve Vice Chair for Supervision
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on President Donald Trump nominating Federal Reserve Board Member Michelle Bowman to be the next Vice Chair for Supervision.
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Commercial and Multifamily Mortgage Debt Outstanding Increased in the Fourth Quarter of 2024
The level of commercial and multifamily mortgage debt outstanding at the end of 2024 was $172 billion (3.7 percent) higher than at the end of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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Share of Mortgage Loans in Forbearance Decreases Slightly to 0.38% in February
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 0.40% of servicers’ portfolio volume in the prior month to 0.38% as of February 28, 2025. According to MBA’s estimate, 190,000 homeowners are in forbearance plans. Mortgage servicers have provided approximately 8.6 million forbearances since March 2020.
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IMBs Report Production Losses in Fourth Quarter of 2024
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in the fourth quarter of 2024, a decrease from the reported net profit of $701 per loan in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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February New Home Purchase Mortgage Applications Decreased 6.9 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2025 shows mortgage applications for new home purchases decreased 6.9 percent compared from a year ago. Compared to January 2025, applications increased by 0.3 percent. This change does not include any adjustment for typical seasonal patterns.
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MBA Statement on the Confirmation of William Pulte as FHFA Director
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on William Pulte’s confirmation by the full Senate to serve as Director of the Federal Housing Finance Agency (FHFA).
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 7, 2025.
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Statement of Elizabeth Balce, EVP of Servicing, Carrington Mortgage Services, on VA Home Lending Before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity
Elizabeth Balce, Executive Vice President of Servicing, Carrington Mortgage Services, testified today at a legislative hearing before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity.
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MBA Statement on the Nomination of Andrew Hughes as HUD Deputy Secretary
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on Andrew Hughes’ nomination to serve as Deputy Secretary at the Department of Housing and Urban Development (HUD).
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Mortgage Credit Availability Increased in February
Mortgage credit availability increased in February 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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February 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 January.
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MISMO Introduces SMART Doc® V3 Sample Package Resource to Facilitate Enhanced Data Exchange Methods
MISMO®, the real estate finance industry's standards organization, today announced the publication of the SMART Doc® V3 Sample Package. This resource is part of MISMO’s larger effort to modernize the industry’s data exchange methods by facilitating broad adoption of SMART Docs® beyond the eNote.
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MBA Calls on Senate to Confirm William Pulte as FHFA Director, Jonathan McKernan as CFPB Director
MBA's President and CEO Bob Broeksmit, CMB, released the following statement after the Senate Banking Committee’s votes to recommend the confirmations of William Pulte to serve as Director of the Federal Housing Finance Agency (FHFA) and Jonathan McKernan to serve as Director of the Consumer Financial Protection Bureau (CFPB).
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 20.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 28, 2025.