News
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Statement of Karen Kreutziger Powell, CEO of Flat Branch Home Loans, on VA Home Lending Before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity
Karen Kreutziger Powell, CEO of Flat Branch Home Loans, testified today at a hearing on pending legislation before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity.
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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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May 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 May.
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Mortgage Credit Availability Increased in MayMortgage credit availability increased in May 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 Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 5.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 31, 2024. This week’s results include an adjustment for the Memorial Day holiday.
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Commercial Mortgage Delinquency Rates Increased in the First Quarter of 2024
Commercial mortgage delinquencies increased in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
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Mortgage Application Payments Increased 2.5 Percent to $2,256 in April
Homebuyer affordability declined in April, with the national median payment applied for by purchase applicants increasing to $2,256 from $2,201 in March. 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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MBA, Trade Groups Respond to CFPB’s RFI on Mortgage Closing Costs
The American Bankers Association (ABA), Housing Policy Council (HPC) and Mortgage Bankers Association (MBA) issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) Request for Information (RFI) released today on mortgage closing costs.
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Affordable Housing Insights Fireside Chat with Federal Housing Commissioner Julia Gordon
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 5.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 24, 2024.
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MBA Education Recognizes 23 New Commercial Certified Mortgage Servicer Graduates
MBA Education, the award-winning education division of the Mortgage Bankers Association (MBA), recognized 23 individuals who earned the Commercial Certified Mortgage Servicer (CCMS®) designation at a ceremony held this week at MBA’s 2024 Commercial/Multifamily Finance Servicing and Technology Conference.
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IMBs Report Net Production Losses in the First Quarter of 2024
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $645 on each loan they originated in the first quarter of 2024, a decrease from the reported loss of $2,109 per loan in the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 1.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 17, 2024.
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MBA Bob Broeksmit Speech at 2024 Secondary and Capital Markets Conference and Expo
MBA’s President and CEO Bob Broeksmit, CMB, delivered the following remarks at the 2024 Secondary and Capital Markets Conference and Expo.
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Share of Mortgage Loans in Forbearance Remains at 0.22% in April
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained unchanged at 0.22% as of April 30, 2024. According to MBA’s estimate, 110,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.1 million borrowers since March 2020.
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Housing Supply Accelerator Initiative Releases Playbook to Boost Attainable, Equitable Housing Supply
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MBA Statement on the U.S. Supreme Court’s Decision in CFPB v. CFSAA
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the U.S. Supreme Court’s decision today in Consumer Financial Protection Bureau v. Community Financial Services Association of America.
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Mortgage Delinquencies Increase Slightly in the First Quarter of 2024The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 percent of all loans outstanding at the end of the first 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 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2024.
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MBA President and CEO Bob Broeksmit, CMB, Takes Aim at Basel III, Overregulation; Calls for a "National Housing Director" in Exchequer Club Speech
MBA’s President and CEO Bob Broeksmit, CMB, delivered the following remarks as the guest speaker today at the Exchequer Club's May 2024 meeting.