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
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - September 8, 2011 - (RealEstateRama) -- Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 2, 2011.
MBA Hires Jeffrey Schummer to be Vice President of Education
WASHINGTON, D.C. - September 7, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Jeffrey M. Schummer as Vice President of Education. In this role, Schummer will be driving the strategic vision, development and growth of MBA's educational programs.
Register Today for MBA’s 98th Annual Convention & Expo
WASHINGTON, D.C. - September 2, 2011 - (RealEstateRama) -- MBA's Annual Convention and Expo is the premier conference for professionals in all sectors of the mortgage banking industry. The convention 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.
MBA Annual Convention’s 2nd General Session to Include Arrigoni, Emerson, Heid, and Ibrahim
WASHINGTON, D.C. - September 2, 2011 - (RealEstateRama) -- MBA's Annual Convention and Expo is the premier conference for professionals in all sectors of the mortgage banking industry. The convention 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.
MBA Study Shows Second Quarter 2011 Improvements in Production Profits Among Independents and Subsidiaries,...
WASHINGTON, DC - August 31, 2011 - (RealEstateRama) -- Independent mortgage banks and subsidiaries made an average profit of $575 on each loan they originated in the second quarter of 2011, up from $346 per loan in the first quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Second Quarter 2011 Mortgage Bankers Performance Report released today.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - August 31, 2011 - (RealEstateRama) -- Mortgage applications decreased 9.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 26, 2011.
MBA Releases 2011 Mid-year Commercial/Multifamily Servicer Rankings
WASHINGTON, D.C. - August 26, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2011. On top of the list of firms is Wells Fargo with $442.9 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $346.5 billion, Berkadia Commercial Mortgage with $184.2 billion, Bank of America Merrill Lynch with $123.7 billion and KeyBank Real Estate Capital with $107.7 billion.
Delinquencies Rise, Foreclosures Fall in Latest MBA Mortgage Delinquency Survey
WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.44 percent of all loans outstanding as of the end of the second quarter of 2011, an increase of 12 basis points from the first quarter of 2011, and a decrease of 141 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 32 basis points to 8.11 percent this quarter from 7.79 percent last quarter.
MBA Increases Origination Forecast in 2011, Predicts Greater Drop in Origination Volume in 2012
WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The Mortgage Bankers Association's (MBA) Economic and Mortgage Finance Forecasts released today project $1.1 trillion in residential mortgage origination volume in 2011, roughly $100 billion more than earlier forecasts, as low mortgage rates have brought in higher than expected refinance volume, while purchase volume has been less than anticipated. However, despite lower forecasted mortgage rates, weaker projected economic growth in 2012 led to a reduction in MBA's origination forecast for that year to $931 billion, which would be the lowest volume originated since 1997.
Refinance Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - August 17, 2011 - (RealEstateRama) -- Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 12, 2011.
Mortgage Applications Increase Significantly, Driven by Surge in Refinance Activity
WASHINGTON, D.C. - August 10, 2011 - (RealEstateRama) -- Mortgage applications increased 21.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 5, 2011.
MBA Hires Brian Hartman to be Associate Vice President of Marketing
WASHINGTON, D.C. - August 8, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Brian Hartman as Associate Vice President of Marketing. In this role, he will help develop, execute and manage MBA’s direct marketing programs. He will work in close partnership with other departments in MBA’s Communications, Marketing and Education Group to maximize marketing impact. He will also serve as a strategic partner to other MBA business units in an effort to maintain and improve the customer’s and member’s “return on investment.”
MBA Backs Menendez/Isakson Bill to Extend Loan Limits
WASHINGTON, D.C. - August 4, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) today supported the introduction of S. 1508, the Homeownership Affordability Act of 2011, a bill that will allow the Federal Housing Administration (FHA), Government Sponsored Enterprises (GSE) and the Veterans Administration (VA) to insure home loans at their current maximum levels until December 31, 2013. The Senate bill joins similar efforts in the House to extend the current limits, which are set to expire September 30, 2011.
Second Quarter Commercial/Multifamily Mortgage Lending Up 107 Percent from Last Year; Up 52 Percent...
Washington, DC - August 4, 2011 - (RealEstateRama) -- Second quarter 2011 commercial and multifamily mortgage loan originations were 107 percent higher than during the same period last year and 52 percent higher than the revised figures for the first quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Mortgage Applications Increase, But Still Low in Latest MBA Weekly Survey
WASHINGTON, D.C. - August 3, 2011 - (RealEstateRama) -- Mortgage applications increased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 29, 2011
MBA and 16 Other Groups File Joint Comment Letter on Commercial/Multifamily Risk Retention Proposed...
WASHINGTON, D.C. - August 3, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA), along with 16 other national real estate and financial services organizations, submitted to federal regulators a joint comment letter in response to the commercial and multifamily real estate elements of the proposed rule on credit risk retention (Proposed Rule).
MBA Files Comment on Proposed Risk Retention/Qualified Residential Mortgage Rule
WASHINGTON, D.C. - August 2, 2011 - (RealEstateRama) -- Members of Media:On Monday, the Mortgage Bankers Association (MBA) filed a comment letter with six federal regulators in response to proposed credit risk retention regulations implementing section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
MBA Statement on Debt Ceiling Negotiations
WASHINGTON, D.C. - July 28, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) issued the following statement today.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - July 27, 2011 - (RealEstateRama) -- Mortgage applications decreased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 22, 2011.
MBA Files Comment on Proposed Ability to Repay/Qualified Mortgage Rule
WASHINGTON, D.C. - July 26, 2011 - (RealEstateRama) -- On Friday, the Mortgage Bankers Association (MBA) filed a comment letter with the Federal Reserve on the Board’s proposed rule that would implement amendments to the Truth in Lending Act (TILA) under the Dodd-Frank Act to establish Ability to Repay/Qualified Mortgage requirements.In the letter, MBA’s President and CEO David H. Stevens reiterates MBA’s support for the establishment of an ability to repay requirement for mortgage loans and emphasizes the importance of a final rule that provides unambiguous definitions and means of compliance. According to MBA, clear “bright line” requirements will ensure the availability of sustainable mortgage credit to the widest array of qualified borrowers at affordable costs.
MBA Releases Free Home Loan Toolkit Mobile App for iPhone and Android
WASHINGTON, D.C. - July 22, 2011 - (RealEstateRama) -- The Mortgage Bankers Association released a new, free mobile application today for iPhone and Android devices designed to help perspective homebuyers better navigate the mortgage process.
Refinance Applications Surge in Latest MBA Weekly Survey
WASHINGTON, D.C. - July 21, 2011 - (RealEstateRama) -- Mortgage applications increased 15.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 15, 2011.
Homeownership Rates Could Drop Further After Unsustainable Jump During Last Decade
WASHINGTON, DC - July 14, 2011 - (RealEstateRama) -- The drop in the homeownership rate from an all-time high of 69.2 percent in 2004 to 66.4 percent in the first quarter of 2011 reflects a decline from unsustainable levels to something closer to historical averages, according to a study released today by MBA's Research Institute for Housing America (RIHA). While the homeownership rate may have bottomed out, it could fall another one or two percentage points because of tightened credit and other factors, the paper says.
MBA Testifies on Impact of Changes to Mortgage Origination
WASHINGTON, D.C. - July 14, 2011 - (RealEstateRama) -- Henry V. Cunningham Jr., CMB, a member of the Mortgage Bankers Association’s (MBA) Board of Directors and Chairman of MBA’s Residential Board of Governors (RESBOG), testified today before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity at a hearing titled, “Mortgage Origination: The Impact of Recent Changes on Homeowners and Businesses.”Below is Mr. Cunningham’s oral statement before the subcommittee, as prepared for delivery.
MBA Sends Recommendations to Federal Agencies on Risk Retention Guidelines from Commercial and Multifamily...
WASHINGTON, D.C. - July 13, 2011 - (RealEstateRama) -- On Monday, July 11, 2011, the Mortgage Bankers Association (MBA) sent the attached letter to federal regulators outlining MBA's views and recommendations from the commercial and multifamily mortgage finance perspective in response to the proposed risk retention rule under Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - July 13, 2011 - (RealEstateRama) -- Mortgage applications decreased 5.1 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending July 8, 2011. This week's results include an adjustment to account for the Fourth of July holiday.The Market Composite Index, a measure of mortgage loan application volume, decreased 5.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 24.0 percent compared with the previous week.
Stevens Reiterates MBA’s Support for Risk Retention
WASHINGTON, D.C. - July 12, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) issued the following statement following remarks by Congressman Barney Frank (D-MA) this morning at the National Press Club.
MBA’s Stevens Testifies on Future of Mortgage Servicing Standards
WASHINGTON, D.C. - July 7, 2011 - (RealEstateRama) -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), testified today before a joint subcommittee of the U.S. House of Representatives Financial Services Committee at a hearing titled “Mortgage Servicing: An Examination of the Role of Federal Regulators in Settlement Negotiations and the Future of Mortgage Servicing Standards.”Below is Mr. Stevens’ oral statement before the subcommittee, as prepared for delivery
MBA Sends Letter to Bureau of Consumer Financial Protection on RESPA and TILA Disclosures
WASHINGTON, D.C. - July 6, 2011 - (RealEstateRama) On Tuesday, July 5, 2011, the Mortgage Bankers Association (MBA) submitted the attached comment letter to Elizabeth Warren, Assistant to the President and Special Advisor to the Treasury Secretary urging the Bureau of Consumer Financial Protection to meet with key stakeholders as soon as possible on the second set of prototypes integrating Real Estate Settlement and Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures released by the Bureau of Consumer Financial Protection (Bureau) on June 27, 2011
Commercial/Multifamily Real Estate Markets Show the Turn of the Real Estate Cycle
WASHINGTON, D.C. - July 6, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the first quarter of 2011. First quarter data on the commercial real estate markets show the natural effects of the turn of the real estate cycle. Broader economic indicators were positive in the first quarter, but provided less of a tail wind to commercial real estate markets than they might have. Despite this softness, real estate fundamentals have stabilized and are beginning to show signs of mending. Transaction volumes are picking up, and pricing and loan performance are showing initial signs – inconsistent though they are – of improvement. Any pick-up in economic growth will speed the healing; any slowdown will draw out the cycle
