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
MBA Names Kathy Marquardt Associate Vice President of Commercial Servicing and Council Coordinator
WASHINGTON, D.C. - July 21, 2010 - (RealEstateRama) -- John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Kathy Marquardt as Associate Vice President of Commercial Servicing and Council Coordinator, effective August 9, 2010
Interest Rate Drops Spur Refinance Applications in Latest MBA Weekly Survey
WASHINGTON, D.C. - July 21, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 16, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 7.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 19.5 percent compared with the previous week, which included the Independence Day holiday.
MBA Study Shows Mortgage Banker Production Profits Dropped in First Quarter of 2010
WASHINGTON, DC - July 20, 2010 - (RealEstateRama) -- Independent mortgage bankers and subsidiaries made an average profit of $606 on each loan they originated in the first quarter of 2010, down from $890 per loan in the fourth quarter of 2009 and $1,088 in the first quarter of 2009, according to the Mortgage Bankers Association (MBA)’s 1st Quarter 2010 Mortgage Bankers Production Survey released today
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - July 14, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 9, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier. This week’s results include an adjustment to account for the Independence Day holiday. On an unadjusted basis, the Index decreased 12.6 percent compared with the previous week
Mortgage Refinance Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - July 7, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 2, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 6.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6.5 percent compared with the previous week.The Refinance Index increased 9.2 percent from the previous week and is the highest Refinance Index observed in the survey since the week ending May 15, 2009. The seasonally adjusted Purchase Index decreased 2.0 percent from one week earlier. The Purchase Index has decreased eight of the last nine weeks. The unadjusted Purchase Index decreased 2.3 percent compared with the previous week and was 34.7 percent lower than the same week one year ago
MBA Hails Extension of National Flood Insurance Program
WASHINGTON, D.C. - July 2, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA) hailed yesterday’s passage in the Senate of legislation to extend the National Flood Insurance Program (NFIP) through September 30, 2010. The bill, which is retroactive to June 1, 2010, when the program expired, passed the House last week and will go to the President for his signature.
Commercial/Multifamily Real Estate Fundamentals Begin to Stabilize in First Quarter 2010
WASHINGTON, D.C. - June 30, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the first quarter of 2010. The analysis shows that commercial real estate fundamentals are beginning to show signs of stabilization, though property and mortgage performance remains weak. As economic growth continues, the impact on commercial real estate markets should broaden and reach rents, vacancies and delinquencies
Mortgage Refinance Applications Increase as Rates Continue to Drop in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 30, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 25, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 8.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 8.3 percent compared with the previous week
Production Profits Rebounded in 2009, According to MBA Study of Independent Mortgage Bankers and...
WASHINGTON, DC - June 29, 2010 - (RealEstateRama) -- Independent mortgage bankers and subsidiaries made an average profit of $1,135 on each loan they originated in 2009, compared to $305 per loan in 2008, according to the Mortgage Bankers Association (MBA)’s Annual 2009 Mortgage Bankers Production Survey released today
MBA Responds to Conference Committee Agreement on Risk Retention, Mortgage Underwriting and Appraisals
WASHINGTON, D.C. - June 28, 2010 - (RealEstateRama) -- Mortgage Bankers Association (MBA) believes the financial regulatory reform legislation, voted out of conference today, while still needing improvement during the regulatory process, could have been much worse were it not for the efforts of MBA and its members.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 23, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 18, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6.0 percent compared with the previous week.The Refinance Index decreased 7.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 1.2 percent from one week earlier. The unadjusted Purchase Index decreased 2.3 percent compared with the previous week and was 36.8 percent lower than the same week one year ago
MBA Analysis: Commercial and Multifamily Mortgage Debt Outstanding Declined 0.9 Percent in First Quarter...
Washington, DC - June 22, 2010 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased in the first quarter, to $3.31 trillion, according to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 16, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 11, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 17.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 29.7 percent compared with the previous week, which was a shortened week due to the Memorial Day holiday
MBA Report Shows Economic Weakness Continues to Weigh on Commercial Mortgage Performance
Washington, DC - June 16, 2010 - (RealEstateRama) -- Delinquency rates continued to increase in the first quarter for all commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
MBA Applauds NAIC’s Approval of Compromise on Risk-Based Capital for Life Insurance Companies
WASHINGTON, D.C. - June 15, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA), today applauded the National Association of Insurance Commissioner’s (NAIC) for greatly reducing the proposed dramatic increase in risk-based capital (RBC) for life companies.
MBA Reacts to House Passage of FHA Reform Act
WASHINGTON, D.C. - June 14, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA), today applauded passage in the House of Representatives of H.R. 5072, the FHA Reform Act of 2010.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - June 9, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 4, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.2 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Memorial Day holiday. On an unadjusted basis, the Index decreased 21.1 percent compared with the previous week
MBA Hires Bill Killmer to be Senior Vice President of Legislative and Political Affairs
Washington, D.C. - May 27, 2010 - (RealEstateRama) -- John A. Courson, President & CEO of the Mortgage Bankers Association (MBA), today announced that Bill Killmer has been named Senior Vice President of Legislative and Political Affairs, effective July 5, 2010.
Mortgage Refinance Applications Continue to Increase, Purchase Applications Decline Further in Latest MBA Weekly...
WASHINGTON, D.C. - May 26, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 21, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 11.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 10.3 percent compared with the previous wee
MBA Study Examines Industry Risk Management Practices That Contributed to Housing Crisis
New York, NY - May 26, 2010 - (RealEstateRama) -- Multiple factors including poor data, incomplete performance metrics, and, short-term focus and unrealistic optimism among senior business managers contributed to the collapse in the US housing and mortgage markets, according to a study released today by the Mortgage Bankers Association (MBA)
MBA Reacts to Passage of Financial Regulatory Reform
WASHINGTON, D.C. - May 21, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA) issued the following comment today, reacting to passage of S. 3217, the Restoring American Financial Stability Act of 2010.
MBA’s Danis Testifies on VA Loan Guarantee Program
WASHINGTON, D.C. - May 20, 2010 - (RealEstateRama) -- James H. Danis II, CMB testified today on behalf of the Mortgage Bankers Association (MBA) before the House Veterans Affairs Subcommittee Economic Opportunity at a hearing on “The Status of the Loan Guarantee Program.”
Mortgage Purchase Applications Plummet While Refinance Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - May 19, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 14, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.1 percent compared with the previous week
Delinquencies, Foreclosure Starts Increase in Latest
WASHINGTON, D.C. - May 19, 2010 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 10.06 percent of all loans outstanding as of the end of the first quarter of 2010, an increase of 59 basis points from the fourth quarter of 2009, and up 94 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased 106 basis points from 10.44 percent in the fourth quarter of 2009 to 9.38 percent this quarter
MBA Study: First Quarter 2010 Commercial/Multifamily Mortgage Originations Increase from Year Earlier, Though Levels...
Washington, DC - May 18, 2010 - (RealEstateRama) -- First quarter 2010 commercial and multifamily mortgage loan originations were 12 percent higher than during the same period last year and 26 percent lower than during the fourth quarter of 2009, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
MBA Hails Risk Retention Fixes to Regulatory Reform Bill
WASHINGTON, D.C. - May 13, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA) issued the following comment today, reacting to passage in the Senate of the Landrieu/Isakson and Crapo Amendments to S. 3217, the Restoring American Financial Stability Act of 2010.
Refinance Applications Surge, Purchase Applications Drop in Latest MBA Weekly Survey
WASHINGTON, D.C. - May 12, 2010 - (RealEstateRama) -- (May 12, 2010) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 7, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 3.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3.4 percent compared with the previous week.
Study: Americans Will Be Permanently Impacted by Recent Recession
WASHINGTON D.C. - May 10, 2010 - (RealEstateRama) -- The historically slow recovery of the economy and lack of substantial job growth could cause negative, lasting effects on the current young generation and force many retirement age individuals to remain in the workforce, according to a study released today by the Mortgage Bankers Association (MBA). The impact of a higher unemployment rate for Americans aged 16 – 24 could have a lasting effect on lifetime earnings and attitudes toward risk and social policies. In addition, those nearing retirement are delaying retirement and reentering the labor force in an effort to rebuild some of the retirement wealth that was wiped out by the recession
Stevens, Tozer, Berman Headline MBA’s 2010 National Secondary Market Conference & Expo
May 7, 2010 - (RealEstateRama) -- WHAT: The Mortgage Bankers Association’s (MBA) 2010 National Secondary Market Conference & Expo— ‘Ensuring Liquidity’. MBA’s Secondary Market Conference & Expo is the largest annual gathering for secondary market executives. Session topics will address top issues facing the secondary industry and will provide insight into operating in an evolving market as well as insight into the challenges and opportunities the future is likely to hold for mortgage bankers, investors, risk managers and portfolio lenders
Purchase Applications Continue to Increase, Refinance Activity Declines in Latest MBA Weekly Survey
WASHINGTON, D.C. - May 5, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 30, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 4.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5.1 percent compared with the previous week.
