Owen Lee, 2026 MBA Chair-Elect and CEO at Success Mortgage Partners, Inc., testified Thursday at a legislative hearing before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity.
Tag: VA
MBA Sends Letter to VA on Proposed Partial Claim, Loss Mitigation Changes
The Mortgage Bankers Association on March 11 sent a letter to the Department of Veterans Affairs on its proposed policies establishing a partial claim option and changing the VA’s loss mitigation waterfall.
MISMO Publishes Data Mapping for VA Documents
MISMO, the real estate finance industry’s standards organization, announced that the new Department of Veterans Affairs (VA) Documents Data Mapping for VA Form 26-1820 has reached “Candidate Recommendation” status. This milestone recognizes that the standard has been thoroughly reviewed by a broad range of industry participants and is available for implementation across the mortgage industry.
MBA Sends Letter Regarding Changes to ANS for H.R. 6047
The Mortgage Bankers Association sent a letter to the leadership of the House Committee on Veterans Affairs regarding the amendment in the nature of a substitute for H.R. 6047, the Sharri Briley and Eric Edmundson Veterans Benefits Expansion Act of 2026. The letter states that the MBA cannot support the ANS as currently drafted.
MBA Calls on VA, Congress to Implement Permanent Partial Claim Program to Assist Veteran Homeowners at Risk of Foreclosure
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Department of Veterans Affairs’ (VA) reported plans of a phase-out of its Veterans Affairs Servicing Purchase (VASP) program.
Chart of the Week: Mortgage Delinquency Rate Spreads by Product Type
According to the latest results from MBA’s National Delinquency Survey (NDS), the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.98 percent of all loans outstanding at the end of the fourth quarter of 2024.
To the Point With Bob–Mortgage Servicers: Diligently Serving Borrowers Through Constant Change
Mortgage servicers have a vital function in the mortgage market and the wider economy, writes MBA President and CEO Bob Broeksmit, CMB.
Biden Administration Extends, Expands Forbearance/Foreclosure Relief Programs
The Biden Administration yesterday announced a coordinated extension and expansion of forbearance and foreclosure relief programs. The programs, set to expire at the end of March, have now been extended through June 30.
California County Ends Controversial PACE Loan Program
Forget the coronavirus—if you want to raise the blood pressure of a mortgage lender or servicer, just say these two words: “PACE loan.”
ATTOM: 4Q Refinances More than Double
ATTOM Data Solutions, Irvine, Calif., reported 1.27 million refinance mortgages secured by residential property originated in the fourth quarter, up 20 percent from the third quarter and up by 104 percent from a year ago to the highest point since third quarter 2013.