News
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MBA, Broad Coalition of Housing Groups Cautions Against Proposed Rent Cap
The Housing Solutions Coalition (HSC), a broad coalition of housing groups, today issued a statement regarding President Biden’s proposed 5% corporate rent cap.
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MBA Opposes Biden Campaign’s Nationwide Rent Control Proposal
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on President Joe Biden’s campaign proposal to cap rents nationally.
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MBA, Housing Groups Respond to FHFA’s Announcement on Resident-Centered Practices and President Biden’s Press Conference Remarks on Rent Control
NAA, National Multifamily Housing Council, and MBA released the following statement in response to today’s announcement from FHFA on new requirements for borrowers using Fannie Mae and Freddie Mac mortgage products.
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Mortgage Credit Availability Increased in June
Mortgage credit availability increased in June 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 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 5, 2024. Last week’s results included an adjustment for the July 4th holiday.
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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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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 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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Celebrating National Homeownership Month: MBA’s Commitment to Affordable Housing and Generational Wealth
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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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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.