News
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MBA, ABA Respond to CFPB’s Mortgage Servicing Proposal
The American Bankers Association (ABA) and Mortgage Bankers Association (MBA) issued the following joint statement in response to the Consumer Financial Protection Bureau’s (CFPB) proposed rule, Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties; Regulation X.
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Harnessing Data and Insights: News from the Affordable Rental Housing Advisory Council
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MBA Agrees with Fed Chair Powell on the Need to Re-Propose Basel III Endgame
MBA’s President and CEO, Bob Broeksmit, CMB, issued the following statement regarding Federal Reserve Chairman Jay Powell’s comments on the Basel III Endgame Proposal before the Senate Banking Committee.
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June 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 June.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 28, 2024.
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Housing Solutions Coalition: There Is No Debate. Rent Caps Hurt Renters and Communities
Statement from the Housing Solutions Coalition in reference to President Biden’s mention of capping rents during the debate.
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Mortgage Application Payments Decreased 1.6 Percent to $2,219 in May
Homebuyer affordability improved in May, with the national median payment applied for by purchase applicants decreasing to $2,219 from $2,256 in April. 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 Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 21, 2024. This week’s results include an adjustment for the Juneteenth holiday.
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MISMO Calls for Industry Professionals to Join New Artificial Intelligence Community of Practice
MISMO, the real estate finance industry's standards organization, is inviting industry professionals to join a newly formed community of practice (CoP) focused on Artificial Intelligence (AI).
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MBA Newslink; MBA Donates “Princess Mackie Buys a House” Books to Nonprofit Event
The Mortgage Bankers Association donated copies of Princess Mackie Buys a House to an event hosted by the Momentum Collective Inc., and the Alexandria, Va., Department of Recreation, as part of an initiative to encourage summer reading.
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MISMO Announces New Additions to Board of Directors
MISMO, the real estate finance industry's standards organization, today announced two new additions to its Board of Directors: Patrick Hartford, Vice President, Architecture and Engineering, at Rocket Mortgage, and Giuseppe “Joe” Lucido, Senior Vice President, Operations, at United Wholesale Mortgage.
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Celebrating National Homeownership Month: MBA’s Commitment to Affordable Housing and Generational Wealth
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Share of Mortgage Loans in Forbearance Decreases Slightly to 0.21% in May
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance declined slightly to 0.21% as of May 31, 2024. According to MBA’s estimate, 105,000 homeowners are in forbearance plans.
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MBA Statement on FHFA’s Conditional Approval of Freddie Mac’s Proposal to Purchase Single-Family Closed-End Second Mortgages
MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement regarding the Federal Housing Finance Agency’s (FHFA) conditional approval of Freddie Mac’s new proposal to purchase certain closed-end second mortgages:
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 14, 2024.
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Commercial and Multifamily Mortgage Debt Outstanding Increased in First-Quarter 2024
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9 percent) in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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MBA Opens Doors Foundation Raises $220,000 During MBA’s Chairman’s Conference
The MBA Opens Doors Foundation (Opens Doors) today announced that it raised $220,000 at its Annual Charity Wine Auction during MBA’s Chairman’s Conference in Santa Barbara, California. The proceeds will support the Foundation's mission of providing mortgage and rental assistance to families with critically ill or injured children, allowing parents and guardians to be by a child's side during treatment without fear of losing their home.
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May New Home Purchase Mortgage Applications Increased 13.8 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2024 shows mortgage applications for new home purchases increased 13.8 percent compared from a year ago. Compared to April 2024, applications increased by 1 percent. This change does not include any adjustment for typical seasonal patterns.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 15.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024.
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Owen Lee of Success Mortgage Partners, Inc., Nominated to Be 2025 MBA Vice Chairman
The Mortgage Bankers Association (MBA) today announced that Owen Lee, Chief Executive Officer at Success Mortgage Partners, Inc., (SMP) has been nominated to serve as MBA's Vice Chairman for the 2025 membership year.