News
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Prepared Remarks of MBA President and CEO Bob Broeksmit, CMB, at the 2025 MBA Commercial/Multifamily Convention and Expo
MBA President and CEO Bob Broeksmit, CMB, delivered the following remarks today at MBA's 2025 Commercial/Multifamily Finance Convention and Expo.
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MBA Releases 2024 Year-End Commercial/Multifamily Servicer Rankings
The Mortgage Bankers Association (MBA) today released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31, 2024, at its 2025 Commercial/Multifamily Finance Convention and Expo.
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MBA Statement on Rodney Hood’s Appointment to be Acting Comptroller of the Currency
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on Treasury Secretary Scott Bessent's intention to appoint Rodney Hood as Acting Comptroller of the Currency.
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January 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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MBA Receives Grant from PREA Foundation to Launch Program to Raise Awareness of CRE Career Opportunities
The Mortgage Bankers Association (MBA) today announced a new partnership with the PREA Foundation that will focus on leading college students into deeper relationships with the commercial real estate (CRE) finance industry. The partnership will highlight MBA’s and the PREA Foundation’s commitment to fostering inclusive growth in the CRE industry through expanding opportunities to diverse talent.
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Matthew Gallant Joins MBA as Director of Member Relations
The Mortgage Bankers Association (MBA) announced today that Matthew Gallant has joined the association as Director of Member Relations. In his role, Gallant will manage MBA’s portfolio of residential member companies in the Northeast region, overseeing and strengthening member engagement with key leaders and identifying opportunities for MBA to better support their business efforts.
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Mortgage Delinquencies Increase in the Fourth Quarter of 2024The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98 percent of all loans outstanding at the end of the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 31, 2025. Last week’s results include an adjustment for the Martin Luther King holiday.
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MBA Statement on Confirmation of Scott Turner as HUD Secretary
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on Scott Turner’s confirmation by the full Senate to serve as Secretary of the Department of Housing and Urban Development (HUD).
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Mortgage Application Payments Flat in December
Homebuyer affordability improved slightly in December, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,133 in November. 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 January 24, 2025. This week’s results include an adjustment for the Martin Luther King holiday.
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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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Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association's (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
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MBA Asks Federal Government Agencies for Clarity on OMB Memo
MBA's President and CEO Bob Broeksmit, CMB, released the following statement requesting clarification from federal government agencies on the Office of Management and Budget memo released on January 27.
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MBA Statement on the Confirmation of Scott Bessent as Treasury Secretary
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on Scott Bessent’s confirmation to serve as the next Secretary of the Treasury.
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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.