MBA
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.
Contact:
Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005
Phone: (202) 557-2700
Refinance Activity Continues to Decline as Rates Rise in Latest MBA Weekly Survey
WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- ” The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 16.5 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Thanksgiving holiday. On an unadjusted basis, the Index decreased 34.2 percent compared with the previous week
Mortgage Purchase Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 24, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 19, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.1 percent compared with the previous week.
MBA Names Patrick “P.J.” Harrigan as Chair of Mortgage Action Alliance Steering Committee
Washington, D.C. (November 18, 2010) – Patrick “P.J.” Harrigan of Franklin American Mortgage Co. has been named the chairman of the Mortgage Action Alliance Steering Committee, the grassroots advocacy affiliate of the Mortgage Bankers Association (MBA)
CampusMBA Extends Partnership with Insurance Advisors to Offer Live Online Workshops for Commercial/Multifamily Professionals
WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced it has extended its partnership with Stamford, Connecticut-based Insurance Advisors LLC. Under the agreement, CampusMBA, in conjunction with Insurance Advisors, will offer live online workshops addressing insurance issues for commercial/multifamily real estate loans.
Delinquencies and Loans in Foreclosure Decrease, but Foreclosure Starts Rise in Latest MBA National...
WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 9.13 percent of all loans outstanding as of the end of the third quarter of 2010, a decrease of 72 basis points from the second quarter of 2010, and a decrease of 51 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased one basis point to 9.39 percent this quarter from 9.40 percent last quarter. The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure.
Delinquencies and Loans in Foreclosure Decrease, but Foreclosure Starts Rise in Latest MBA National...
WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 9.13 percent of all loans outstanding as of the end of the third quarter of 2010, a decrease of 72 basis points from the second quarter of 2010, and a decrease of 51 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased one basis point to 9.39 percent this quarter from 9.40 percent last quarter. The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure.
Mortgage Applications Decline as Mortgage Rates Jump in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 17, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 12, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 14.4 percent on a seasonally adjusted basis from one week earlier. The results do not include an adjustment for Veterans Day. On an unadjusted basis, the Index decreased 15.0 percent compared with the previous week.
Register Today for MBA’s 3rd Quarter 2010 National Delinquency Survey (NDS) Conference Call
WASHINGTON, D.C. - November 16, 2010 - (RealEstateRama) -- Conducted quarterly since 1972, MBA's National Delinquency Survey covers more than 40 million loans on one-to-four-unit residential properties, representing more than 80 percent of all first-lien residential mortgage loans outstanding in the United States.
MBA Cautions Against Scaling Back Mortgage Interest Deduction, Changing Treatment of Dividends and Capital...
WASHINGTON, D.C. - November 11, 2010 - (RealEstateRama) -- Michael D. Berman, CMB, Chairman of the Mortgage Bankers Association, today issued the following statement reacting to options contained within a draft proposal from the co-chairs of the National Commission on Fiscal Responsibility and Reform."Given the fragile state of the nation's housing market, now is not the time to be scaling back incentives for homeownership. The mortgage interest deduction is one of the pillars of our national housing policy, and limiting its use will have negative repercussions for consumers and home values up and down the housing chain.
MBA And Others Call For Coordinated Effort to Improve RESPA/TILA Disclosures for Borrowers
WASHINGTON, D.C. - November 11, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA), along with several other trade associations, sent a letter today to Treasury Secretary Geithner, HUD Secretary Donovan and Fed Chairman Bernanke calling for improved disclosures for mortgage borrowers under the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA)
MBA Sends Letter to Federal Financial Regulators on Risk Retention
November 10, 2010 - (RealEstateRama) -- On Tuesday, November 9, 2010, The Mortgage Bankers Association (MBA) sent the attached letter to federal financial regulators outlining MBA’s perspectives for the federal agencies to consider when establishing the “Qualified Residential Mortgage” (QRM) exemption from risk retention requirements required under Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA).
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 10, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 5.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5.4 percent compared with the previous week
MBA: Commercial Mortgage Originations Continue to Rise in Third Quarter
WASHINGTON, D.C. - November 4, 2010 - (RealEstateRama) -- Third quarter 2010 commercial and multifamily mortgage loan originations were 32 percent higher than during the same period last year and 15 percent higher than during the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Mortgage Purchase Applications Increase, while Refinance Applications Decline in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 3, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 29, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5.3 percent compared with the previous week.The Refinance Index decreased 6.4 percent from the previous week. This is the third straight week the Refinance Index has decreased. The seasonally adjusted Purchase Index increased 1.4 percent from one week earlier. The unadjusted Purchase Index increased 0.2 percent compared with the previous week and was 28.0 percent lower than the same week one year ago.
MBA Hires Richard J. Hill to be Associate Vice President of Industry Technology
WASHINGTON, D.C. - November 3, 2010 - (RealEstateRama) -- John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Richard (Rick) J. Hill as Associate Vice President of Industry Technology. In this role, Rick is responsible for MBA's industry technology efforts, including supporting MBA’s oversight of its subsidiary, the Mortgage Industry Standards Maintenance Organization Inc. (MISMO®), as well as the technology content of MBA conferences. Hill also will work directly with MBA’s commercial and residential technology committees and the research and government affairs staff on technology and data quality issues impacting the real estate finance industry.
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - October 27, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 22, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 3.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3.1 percent compared with the previous week.The Refinance Index increased 3.0 percent from the previous week. The seasonally adjusted Purchase Index increased 3.9 percent from one week earlier. The unadjusted Purchase Index increased 3.5 percent compared with the previous week and was 30.3 percent lower than the same week one year ago
MBA Presents Investing in Communities Award to Habitat for Humanity
Atlanta, GA - October 26, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today awarded Habitat for Humanity with its annual Investing in Communities Award during MBA's 97th Annual Convention & Expo in Atlanta.
MBA Sees Growth in Purchase Originations, Drop in Refinancing, and Weak Overall Economic Growth...
Atlanta, GA - October 26, 2010 - (RealEstateRama) -- The Mortgage Bankers Association expects to see mortgage originations fall from an estimated $1.4 trillion in 2010 to slightly under $1 trillion in 2011. The drop will be driven by a decline in refinance originations, but the industry will see an increase in purchase originations. The economy will grow at a slow pace but with no significant job growth until 2011. The increase in purchase originations will be driven by modest increases in home sales and stabilizing home prices. In contrast, MBA refinance originations are expected to fall steadily as mortgage rates gradually increase throughout 2011 and 2012
MBA Honors MortgageAmerica Co-Founder John Johnson with the 2010 Andrew D. Woodward Distinguished Service...
Atlanta, GA - October 26, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today awarded John Johnson, CMB, President & Chief Executive officer of MortgageAmerica, with the Andrew D. Woodward Distinguished Service Award at the Association's 97th Annual Convention and Expo held in Atlanta. The award was given to Johnson in recognition of his dedication and prominent service to MBA and the mortgage lending industry.
MBA Announces New Members and Leadership of Residential Board of Governors (RESBOG) and Residential...
Atlanta, GA - October 26, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced Henry V. (Hank) Cunningham, Jr., CMB, President of Cunningham & Company, Greensboro, NC, as Chairman of its Residential Board of Governors (RESBOG) and Garry Cipponeri, Senior Vice President of Chase in Iselin, NJ as Vice Chair of RESBOG at the association's 97th Annual Convention & Expo.
MBA Elects 2011 Board of Directors
Atlanta, GA - October 25, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today elected its Board of Directors for the 2011 membership year at MBA's 97th Annual Convention & Expo in Atlanta. The Board of Directors will be chaired by Michael D. Berman, CMB, President and Chief Executive Officer of CWCapital, Needham, MA
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - October 20, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 15, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 10.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index also decreased 10.5 percent compared with the previous week. This week’s results do not include an adjustment for the Columbus Day holiday.
MBA Reports 40 Percent Decline in Multifamily Borrowing in 2009 Among Diverse Lenders and...
Washington, DC - October 19, 2010 - (RealEstateRama) -- In 2009, 2,725 different multifamily lenders provided a total of $52.5 billion in new financing for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) Annual Report on Multifamily Lending for 2009. The 2009 dollar volume represents a 40 percent decline from 2008 levels. The most active 122 lenders represented just four percent of active lenders, but 77 percent of the dollar volume lent. Three-quarters of the active lenders made five or fewer loans over the course of the year.
MBA Hires Barbara Van Allen to be Senior Vice President of Communications and Marketing
Washington, D.C. - October 19, 2010 - (RealEstateRama) --- John A. Courson, President & CEO of the Mortgage Bankers Association (MBA), today announced that Barbara Van Allen has been named Senior Vice President of Communications and Marketing, effective November 1, 2010.
MBA Hires Barbara Van Allen to be Senior Vice President of Communications and Marketing
Washington, D.C. - October 15, 2010 - (RealEstateRama) -- John A. Courson, President & CEO of the Mortgage Bankers Association (MBA), today announced that Barbara Van Allen has been named Senior Vice President of Communications and Marketing, effective November 1, 2010.
MBA Hires Barbara Van Allen to be Senior Vice President of Communications and Marketing
Washington, D.C. - October 15, 2010 - (RealEstateRama) -- John A. Courson, President & CEO of the Mortgage Bankers Association (MBA), today announced that Barbara Van Allen has been named Senior Vice President of Communications and Marketing, effective November 1, 2010.
MBA Reports 40 Percent Decline in Multifamily Borrowing in 2009 Among Diverse Lenders and...
Washington, DC - October 15, 2010 - (RealEstateRama) -- In 2009, 2,725 different multifamily lenders provided a total of $52.5 billion in new financing for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) Annual Report on Multifamily Lending for 2009. The 2009 dollar volume represents a 40 percent decline from 2008 levels. The most active 122 lenders represented just four percent of active lenders, but 77 percent of the dollar volume lent. Three-quarters of the active lenders made five or fewer loans over the course of the year.
Mortgage Refinance Applications Jump as Rates Continue to Fall in Latest MBA Weekly Survey
WASHINGTON, D.C. - October 13, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 8, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 14.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 14.8 percent compared with the previous week
Sharp Jump in Purchase Activity Led by Applications for FHA Loans in Latest MBA...
WASHINGTON, D.C. - October 6, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 1, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.3 percent compared with the previous week.The Refinance Index decreased 2.5 percent from the previous week. The seasonally adjusted Purchase Index increased 9.3 percent from one week earlier and is the highest Purchase Index observed in the survey since the week ending May 7, 2010. The unadjusted Purchase Index increased 9.1 percent compared with the previous week and was 34.7 percent lower than the same week one year ago
MBA Annual Conference’s 4th General Session to Include MBA’s Brinkmann, Fannie Mae’s Duncan, Gramley...
WASHINGTON, D.C. - October 1, 2010 - (RealEstateRama) -- WHAT: Mortgage Bankers Association’s (MBA) 97th Annual Convention & Expo: Defining Solutions. Delivering Results.MBA’s Annual Convention and Expo is the premier conference for mortgage banking professionals of all sectors. It addresses key industry-related strategic issues and provides in-depth analysis concerning leadership, growth strategies and trends. Garner insight from influential industry executives as they share their views on the current market, and their projections for the future of real estate finance.
