ABA

WASHINGTON, DC - May 11, 2012 - (RealEstateRama) -- Community Bank Mortgage LLC, a subsidiary of the American Bankers Association, has renewed its agreement with SunTrust Mortgage Inc. as one of the program's preferred secondary market investors. With ...

WASHINGTON, DC - May 7, 2012 - (RealEstateRama) -- Community Bank Mortgage LLC, an American Bankers Association subsidiary, paid out $2.15 million in 2011 to participating banker-owners who sold loans to LLC affiliates. The average payout to active own...

WASHINGTON, DC - May 4, 2012 - (RealEstateRama) -- Business Solutions, an American Bankers Association subsidiary, announced that its free Mortgage Solutions programs saved actively participating ABA member banks more than $26.7 million in 2011.

WASHINGTON, DC - May 3, 2012 - (RealEstateRama) -- In a letter today, ABA along with the entire industry of mortgage lenders and real estate service providers reiterated our unified position that the CFPB's Qualified Mortgage rule must include a legal ...

WASHINGTON, DC - May 3, 2012 - (RealEstateRama) -- In a letter today, ABA along with the entire industry of mortgage lenders and real estate service providers reiterated our unified position that the CFPB's Qualified Mortgage rule must include a legal ...

WASHINGTON, DC - April 18, 2012 - (RealEstateRama) -- “A broadly defined Qualified Mortgage (QM) rule that includes a safe harbor from meritless lawsuits is essential to preserving credit availability and supporting the housing recovery,” said Fran...

WASHINGTON, DC - March 27, 2012 - (RealEstateRama) -- ABA Housing Partners Foundation announced today its partnership with the California Bankers Association to build a Habitat for Humanity home in San Diego. The two groups will work together to raise ...

WASHINGTON, DC - March 27, 2012 - (RealEstateRama) -- Raj Date, deputy director of the Consumer Financial Protection Bureau, will deliver a keynote address as part of the American Bankers Association’s annual Regulatory Compliance Conference on June ...

WASHINGTON, DC - March 27, 2012 - (RealEstateRama) -- The increasing regulatory burden, growing compliance costs and ambiguity over rules still in the pipeline left real estate lending conditions mostly unchanged from the previous year, according to th...

WASHINGTON, D.C. - February 10, 2012 - (RealEstateRama) -- “Today’s agreement marks an important milestone in resolving mortgage concerns, allowing these five institutions – essential providers of mortgage services across the country – to look ...

WASHINGTON, D.C. - February 1, 2012 - (RealEstateRama) -- "Recovery in the housing market is vital to future economic growth, and we commend the Obama administration for their attention to housing recovery efforts. However, many current proposals and p...

WASHINGTON, DC - December 7, 2011 - (RealEstateRama) -- Economic troubles in the United States and Europe are weighing upon local economies across the Asia Pacific region as well as investor sentiment in Asia and Australian real estate markets, accordi...

WASHINGTON, DC - November 17, 2011 - (RealEstateRama) -- ABA Housing Partners Foundation and Texas Bankers Association are celebrating a successful partnership that has resulted in a new home for Lorena Magdaleno and her four daughters in San Antonio. ...

WASHINGTON, DC - October 24, 2011 - (RealEstateRama) -- Members of the American Bankers Association gathered in a new San Antonio community this weekend to build a Habitat for Humanity home for a family in need. With support from the Texas Bankers Asso...

WASHINGTON, DC - October 12, 2011 - (RealEstateRama) -- The American Bankers Association testified today on the importance of a vibrant Federal Home Loan Bank System, whose institutions are critical for allowing community banks to meet the needs of the...

WASHINGTON, D.C. - August 15, 2011 - (RealEstateRama) -- The Department of Housing and Urban Development’s final mortgage loan originator rule, which exempts licensed attorneys when they are providing legal services to their clients and are in compliance with all applicable state court ethical rules and standards, is not just a win for the already well-regulated legal profession, but also for their homeowner clients.

WASHINGTON and FT. WASHINGTON, Pa. - July 28, 2011 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, named Aklero Risk Analytics, a provider of automated data and document validity assurance for the mortgage industry, the exclusive provider of mortgage quality control services to its members.

WASHINGTON, DC - July 26, 2011 - (RealEstateRama) -- In a comment letter Friday, the American Bankers Association offered an alternative solution to strengthen the "qualified mortgage" option's safe-harbor protections in the Federal Reserve's proposed rule that would require creditors to determine a consumer's ability to repay a mortgage before making the loan.

WASHINGTON, DC - June 28, 2011 - (RealEstateRama) -- The American Bankers Association testified today on the need to ensure small banks have access to the secondary mortgage market, calling for workable and clear underwriting standards for all mortgage loans and a reduced government role in housing finance.

WASHINGTON, DC - June 22, 2011 - (RealEstateRama) -- As a national underwriter of the American Bankers Association Housing Partners Foundation's upcoming build, Federal Home Loan Bank of Dallas has committed a sponsorship toward the future home of a Texas family in need. The Foundation is sponsoring a Habitat for Humanity home build in a new San Antonio development during ABA's annual convention in October 2011.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, and Freddie Mac today announced plans to help community banks compete in the purchase money mortgage market and help fuel the nation's housing recovery by extending their 9-year old alliance.

WASHINGTON, DC - May 24, 2011 - (RealEstateRama) -- ABA Housing Partners Foundation announced today its partnership with Texas Bankers Association to build a Habitat for Humanity home in San Antonio, Texas. The two groups will work together to raise donations from bankers across the country to fund the foundation’s first build in the Southwest at the American Bankers Association’s Annual Convention in October 2011

WASHINGTON, DC - May 16, 2011 - (RealEstateRama) -- Community Bank Mortgage LLC, a subsidiary of the American Bankers Association, has renewed its agreement with SunTrust Mortgage Inc. as one of four preferred secondary market investors. With this partnership, Community Bank Mortgage LLC owner banks can sell loans on a servicing-released basis to SunTrust Mortgage and access their full line of products, including jumbo loans

WASHINGTON, DC - March 10, 2011 - (RealEstateRama) -- Business Solutions, an American Bankers Association subsidiary, today announced that its Mortgage Solutions programs saved bankers over $27 million in 2010. The programs, designed to help community banks participate more successfully in the residential mortgage markets, were launched in 2001. Since that time, the banks have produced more than $160 billion in loans through the programs. In 2010, more than 1,000 ABA member banks elected to be a part of one or more of the 12 programs available through Mortgage Solutions.

WASHINGTON, DC - March 10, 2011 - (RealEstateRama) -- Banks are successfully managing agricultural loan risk associated with rising farmland prices, said Matthew H. Williams, president of Gothenburg State Bank in Gothenburg, Neb., and vice chairman of the American Bankers Association at an FDIC symposium on U.S. farmland prices held today.

WASHINGTON, DC - January 13, 2011 - (RealEstateRama) -- The American Bankers Association sent a letter today to the heads of the eight regulatory agencies involved in writing new rules on risk retention for mortgage loans as required by the Dodd/Frank Act. ABA supports a broad safe harbor, known as the Qualified Residential Mortgage or QRM, which would not be subject to risk retention requirements.ABA said imposing too broad a risk retention requirement is likely to cause lenders to leave the marketplace, reduce the amount of credit available to eligible borrowers, and harm the fragile economic recovery.

December 15, 2010 - (RealEstateRama) -- "ABA, along with other financial trade associations, filed an amicus brief yesterday in opposition to applying overtime regulations to most bank employees who originate residential mortgages. The amicus was filed in the case of Henry vs. Quicken Loans in the United States District Court of Eastern Michigan. "The amicus brief argues that the new Administrator's Interpretation marked a sudden and dramatic shift in the Dept. of Labor's position that is inconsistent with the regulations that it seeks to interpret, and that the sudden and dramatic reversal of course results in an unfair surprise to employers who have reasonably relied on the Dept. of Labor's prior interpretations.

WASHINGTON, DC - December 15, 2010 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, has entered into an exclusive two-year arrangement with U.S. Bank Home Mortgage that will provide member banks with a competitively-priced outlet for the sale of wholesale loans

WASHINGTON, DC - October 11, 2010 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, has selected Interthinx to offer member banks critical end-to-end risk mitigation at advantaged pricing. Interthinx is a leading national provider of automated fraud protection, regulatory compliance, income verification, and decision-support tools for the mortgage industry.“Mortgage fraud is a growing concern,” said William Kroll, president of Business Solutions. “Proper fraud prevention measures are essential. Our new relationship with Interthinx will help ABA members thwart scam artists, staying one step ahead of the ever-changing mortgage lending environment.

WASHINGTON, DC - September 20, 2010 - (RealEstateRama) -- The American Bankers Association Housing Partners Foundation will sponsor and build its 10th Habitat for Humanity home during ABA’s Annual Convention in Boston, Oct. 17-20. Annually, the Foundation fundraises and sponsors a Habitat home in the city that hosts the ABA Annual Convention to help a deserving family achieve homeownership.