News
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MBA Agrees with Fed Vice Chair Barr on Re-Proposing Basel III Endgame
MBA’s President and CEO, Bob Broeksmit, CMB, issued the following statement following Federal Reserve Vice Chair Michael Barr’s speech outlining recommendations to re-propose the Basel III Endgame proposal.
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Mortgage Credit Availability Increased in AugustMortgage credit availability increased in August 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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August 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 August.
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David Menke Joins MBA as Director of Member Relations
The Mortgage Bankers Association (MBA) announced today that David Menke has joined the association as Director of Member Relations. In his role, Menke will manage MBA’s portfolio of residential member companies, overseeing and strengthening member engagement with key leaders and identifying opportunities for MBA to better support their business efforts.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 30, 2024.
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MBA Forecast: Commercial/Multifamily Borrowing and Lending to Increase 26 Percent to $539 Billion in 2024
Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion in 2024, which is a 26 percent increase from 2023’s total of $429 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association (MBA).
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Mortgage Application Payments Decreased 1.3 Percent to $2,140 in July
Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,140 from $2,167 in June. 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 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 23, 2024.
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MISMO Introduces New Platform for Building Standards at Fall Summit
MISMO, the real estate finance industry's standards organization, today announced that it has partnered with Viant Eye to introduce MISMO Link TM, a new platform that will allow users to build and ultimately implement industry standards in a collaborative environment.
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Multifamily Lending Declined 49 Percent to $246 Billion in 2023
In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 10.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024.
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Commercial/Multifamily Borrowing Increased 3 Percent in the Second Quarter of 2024
Commercial and multifamily mortgage loan originations increased 3 percent in the second quarter of 2024 compared to a year ago, and increased 27 percent from the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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IMBs Post Net Production Profit for First Time in Two YearsIn 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
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Share of Mortgage Loans in Forbearance Increases to 0.27% in JulyThe Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.27% as of July 31, 2024. According to MBA’s estimate, 135,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.2 million borrowers since March 2020.
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July New Home Purchase Mortgage Applications Increased 9.4 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2024 shows mortgage applications for new home purchases increased 9.4 percent compared from a year ago. Compared to June 2024, applications increased by 9 percent. This change does not include any adjustment for typical seasonal patterns.
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Mortgage Delinquencies Increase in the Second Quarter of 2024The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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Multifamily Lending Declined 49 Percent to $246 Billion in 2023
In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 16.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 9, 2024.
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Mortgage Credit Availability Increased in July
Mortgage credit availability increased in July 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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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024.