The American Bankers Association, Housing Policy Council and Mortgage Bankers Association issued a statement in response to the Consumer Financial Protection Bureau’s Request for Information on mortgage closing costs.
Tag: MBA
MBA: April New Home Purchase Mortgage Applications Increased 22.1%
The Mortgage Bankers Association’s Builder Application Survey for April shows mortgage applications for new home purchases increased 22.1% compared to a year ago.
Mortgage Credit Availability Increased in April
Mortgage credit availability increased in April according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
MBA, Other Housing Trade Groups Applaud Launch of Bipartisan Congressional Real Estate Caucus
A number of groups thank Reps. Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kan.), and Brittany Pettersen (D-Colo.) for launching the Bipartisan Congressional Real Estate Caucus.
EarnUp’s Brian Gunn: As Delinquencies Rise, Lenders, Servicers Must Consider Innovative Repayment Tools
Delinquency rates for some loans are rising, including mortgages. In fact, the Mortgage Bankers Association recently reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of the fourth quarter of 2023.
MBA: Total Commercial Real Estate Borrowing and Lending Declined 47% in 2023
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47% decrease from the $816 billion in 2022, and a 52% decrease from the record $891 billion in 2021.
People in the News, April 22, 2024
Industry personnel news from MBA, Dovenmuehle, Optimal Blue and Nationwide Property & Appraisal Services.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased in Fourth Quarter
The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8%) higher than at the end of 2022, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Celebration of the Life of Dave Stevens to Be Held Feb. 2
There will be a celebration of former MBA President and CEO Dave Stevens’ life on Friday, Feb. 2, 2024, from 2:00 PM to 5:30 PM at Capital One Hall, located at 7750 Capital One Tower Road in Tysons Corner, Va.
MBA Mourns the Passing of Former President and CEO David H. Stevens, CMB
The Mortgage Bankers Association announced Jan. 17 the unexpected passing of former President and CEO David H. Stevens, CMB.