News
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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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The Power of Investing in Public-Private Partnerships: Katelynn Harris Walker
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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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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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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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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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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 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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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 JulyMortgage 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.
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July 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 July.
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MBA Opens Doors Foundation Receives Over $240,000 from Lennar Mortgage, CMG Financial Fundraising Campaigns
The MBA Opens Doors Foundation (Opens Doors) today announced that it has received a total of $240,957 from Lennar Mortgage’s 11th Annual Derby, and CMG Financials' ‘Give Back Competition’ fundraising campaign. The funds will allow Opens Doors to further deliver on its 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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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 26, 2024.
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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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MBA RIHA Report: Mortgage Industry Should Develop New Intervention Policies for Distressed Borrowers
Events such as the Great Financial Crisis and the COVID-19 pandemic caused high levels of housing market stress, leading to rising mortgage delinquencies. According to a new research report released today by the Mortgage Bankers Association's (MBA) Research Institute for Housing America (RIHA), examining current mortgage design models, underwriting standards, and intervention policies would help alleviate market pressures resulting from high levels of mortgage defaults.
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Home Equity Lending Volume Stays Relatively Flat in 2023, Debt Outstanding Increases
Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5 percent compared to the previous year, while debt outstandings increased 8.3 percent. This is according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study.
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Delinquency Rates for Commercial Property Loans Declined Slightly in the Second Quarter of 2024
Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter of 2024. This is according to the Mortgage Bankers Association's (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.