News
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April New Home Purchase Mortgage Applications Increased 22.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2024 shows mortgage applications for new home purchases increased 22.1 percent compared from a year ago. Compared to March 2024, applications increased by 2 percent. This change does not include any adjustment for typical seasonal patterns.
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Affordable Housing Insights Fireside Chat With Accenture’s Cate Dalton
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MBA Statement on FSOC’s Report on Mortgage Servicing
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Financial Stability Oversight Council’s (FSOC) report released today on nonbank mortgage servicing.
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Commercial/Multifamily Borrowing Unchanged in the First Quarter of 2024
Commercial and multifamily mortgage loan originations were essentially unchanged in the first quarter of 2024 compared to a year ago, and decreased 23 percent from the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 3, 2024.
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Mortgage Credit Availability Increased in AprilMortgage credit availability increased in April 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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Housing Trade Groups Applaud Launch of Bipartisan Congressional Real Estate Caucus
There is an eagerness for homeownership and housing development across this country, but the lack of affordable housing units and supply prevents many Americans from achieving that dream. It is vital that Congress supports policies that promote the growth of the real estate industry, and that is what the newly formed caucus aims to accomplish.
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April Jobs Report Commentary from MBA's Joel Kan
The following is MBA VP and Deputy Chief Economist Joel Kan’s reaction to this morning’s U.S. Bureau of Labor Statistics report on employment conditions in April.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 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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Statement of Jeffrey Weidell, CEO of Northmarq and MBA 2024 COMBOG Chair, on Commercial Real Estate Markets Before the House Committee on Oversight & Accountability’s Subcommittee on Health Care & Financial Services
Jeffrey Weidell, CEO of Northmarq and 2024 Mortgage Bankers Association (MBA) COMBOG Chair, testified today at a hearing titled, "Health of the Commercial Real Estate Markets and Removing Regulatory Hurdles to Ensure Continued Strength," before the House Committee on Oversight & Accountability’s Subcommittee on Health Care & Financial Services.
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Mortgage Application Payments Remained Flat in March
Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing slightly to $2,201 from $2,184 in February. 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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IMB Production Losses Reach Series High in 2023
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2023. This represents a series high in the 15-year history of the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report.
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Q1 GDP Commentary from MBA's Joel Kan
The following is MBA VP and Deputy Chief Economist Joel Kan’s reaction to this morning’s U.S. Commerce Department report on Q1 GDP.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 19, 2024.
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Total Commercial Real Estate Borrowing and Lending Declined 47 Percent in 2023
Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47 percent decrease from the $816 billion in 2022, and a 52 percent decrease from the record $891 billion in 2021. This is according to the Mortgage Bankers Association’s (MBA) 2023 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
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MISMO Announces First Certified Consultant Designations
MISMO, the real estate finance industry's standards organization, today announced that four firms are the first to receive the designation of MISMO Certified Consultant. The organizations to earn this distinction are: Actualize Consulting, Falcon Capital Advisors, PhoenixTeam, and Tidgewell Results eXperience.
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Share of Mortgage Loans in Forbearance Remains at 0.22% in March
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 March 31, 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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MBA Statement on HUD’s Federal Flood Risk Management Standard Final Rule
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Department of Housing and Urban Development’s (HUD) Federal Flood Risk Management Standard (FFRMS) final rule.
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MBA Statement on the Resignation of Ginnie Mae President Alanna McCargo
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the resignation of Ginnie Mae President Alanna McCargo.