Commercial and multifamily mortgage delinquencies increased in the second quarter of 2023, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
Category: News and Trends
MBA Honors Merchants Bank of Indiana’s Michael Eising with 2023 Ken Markison Legacy Achievement Award
The Mortgage Bankers Association presented its annual Ken Markison Legacy Achievement Award to Michael Eising, CMB, CMCP, Vice President and Mortgage Compliance Manager at Merchants Bank of Indiana.
Quote: Sept. 13, 2023
“Mortgage applications decreased for the seventh time in eight weeks, reaching the lowest level since 1996. Last week’s decline was driven by a 5 percent drop in refinance applications to the weakest reading
since January 2023.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
MBA’s Bob Broeksmit Highlights Federal Advocacy Amid Industry Challenges
WASHINGTON–The mortgage banking industry may be facing some headwinds, but that hasn’t stopped the pace of efforts to advocate for it on Capitol Hill and across federal agencies.
MBA Weekly Survey Sept. 13: Mortgage Applications Decrease
Mortgage applications decreased 0.8 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 8, 2023.
‘Time is of the Essence,’ Law Enforcement Officials Say About Fighting Fraud
WASHINGTON–As the mortgage banking industry becomes increasingly digitized, the potential for cybersecurity crime or fraud remains high. But law enforcement officials speaking at the Mortgage Bankers Association Compliance and Risk Management Conference said steps such as building relationships and being diligent and timely in reporting can help combat it.
MBA: Mortgage Credit Availability Increased in August
Mortgage credit availability increased in August according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
MBA Comments on FHFA’s Credit Scoring Implementation Plan
The Federal Housing Finance Agency yesterday announced updates to its implementation plan for the GSEs’ adoption of FICO 10T and VantageScore 4.0 and bi-merge reporting requirements. Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, issued the following comments.
MBA’s Bob Broeksmit Highlights Federal Advocacy Amid Industry Challenges
WASHINGTON–The mortgage banking industry may be facing some headwinds, but that hasn’t stopped the pace of efforts to advocate for it on Capitol Hill and across federal agencies.
MBA Premier Profile: LenderLogix
One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.