News
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Commercial and Multifamily Mortgage Debt Outstanding Increased in First-Quarter 2024
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9 percent) in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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MBA Opens Doors Foundation Raises $220,000 During MBA’s Chairman’s Conference
The MBA Opens Doors Foundation (Opens Doors) today announced that it raised $220,000 at its Annual Charity Wine Auction during MBA’s Chairman’s Conference in Santa Barbara, California. The proceeds will support the Foundation's 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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May New Home Purchase Mortgage Applications Increased 13.8 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2024 shows mortgage applications for new home purchases increased 13.8 percent compared from a year ago. Compared to April 2024, applications increased by 1 percent. This change does not include any adjustment for typical seasonal patterns.
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 15.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024.
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Owen Lee of Success Mortgage Partners, Inc., Nominated to Be 2025 MBA Vice Chairman
The Mortgage Bankers Association (MBA) today announced that Owen Lee, Chief Executive Officer at Success Mortgage Partners, Inc., (SMP) has been nominated to serve as MBA's Vice Chairman for the 2025 membership year.
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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.