News
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Mortgage Delinquencies Increase in the Fourth Quarter of 2023
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88 percent of all loans outstanding at the end of the fourth quarter of 2023, 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 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 2, 2024.
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MBA Statement on the House Introduction of Bill to Stop Abusive Trigger Leads
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the introduction of the bipartisan Homebuyers Privacy Protection Act in the U.S. House of Representatives.
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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 Statement on the House Passage of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024”
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024,” by the U.S. House of Representatives.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 26, 2024. Last week’s results included an adjustment to account for the MLK 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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MBA Affordable Housing Initiative Launches Newsletter, Online Affordable Housing Communities and Affordable Housing Insights Webinar/Interview Series
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MISMO Calls for Participants to Join New Workgroup on Application for Mortgage Insurance Benefits
MISMO, the real estate finance industry's standards organization, issued a call for industry professionals to join a new development workgroup (DWG) focused on creating an enhanced replacement for the existing EDI (Electronic Data Interchange) 260 Application for Mortgage Insurance Benefits.
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Q4 GDP Commentary from MBA's Mike Fratantoni
The following is MBA SVP and Chief Economist Mike Fratantoni’s reaction to this morning’s U.S. Commerce Department report on Q4 GDP.
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Mortgage Application Payments Decreased 3.8 Percent to $2,055 in December
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 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 Increase in Latest MBA Weekly Survey
Mortgage applications increased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 19, 2024. The results include an adjustment to account for the MLK holiday.
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CREF Forecast: Commercial/Multifamily Borrowing and Lending Expected to Increase 29 Percent to $576 Billion in 2024
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $576 billion in 2024, which is a 29 percent increase from 2023’s estimated total of $444 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association (MBA).
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Share of Mortgage Loans in Forbearance Decreases to 0.23% in December
The 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 0.26% of servicers’ portfolio volume in the prior month to 0.23% as of December 31, 2023. According to MBA’s estimate, 115,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.1 million borrowers since March 2020.
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MBA Statement in Support of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024”
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement in support of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024,” ahead of the markup in the House Ways and Means Committee.
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December New Home Purchase Mortgage Applications Increased 22.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2023 shows mortgage applications for new home purchases increased 22.2 percent compared from a year ago. Compared to November 2023, applications decreased by 4 percent. This change does not include any adjustment for typical seasonal patterns.
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MBA Affordable Housing Partner Spotlight: Debbie Campbell of X-Caliber
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MBA Mourns the Passing of Former President and CEO David H. Stevens, CMB
The Mortgage Bankers Association (MBA) announced this morning the unexpected passing of former President and CEO David H. Stevens, CMB.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 10.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 12, 2024. Last week’s results included an adjustment to account for the New Year’s holiday.
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Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2023
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023, according to the Mortgage Bankers Association's (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.