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  • MBA Honors Joe Reppert With Distinguished Service Award

    CHICAGO, IL (October 23, 2012) – Joe Reppert, Vice Chairman of CoreLogic, received the Andrew D. Woodward Distinguished Service Award today by the Mortgage Bankers Association (MBA) in recognition of his dedicated and prominent service to MBA and the mortgage lending industry in a

  • MBA Sees 2013 Residential Mortgage Originations Hitting $1.3 Trillion, Revises 2012 Estimate Upward to $1.7 trillion

    Chicago, IL (October 23, 2012) — The Mortgage Bankers Association (MBA) expects to see $1.3 trillion in mortgage originations during 2013, largely driven by a spillover of refinances into the first half of the year.  MBA also upwardly revised its estimate of originations for 2

  • MORPAC Honors Jamie Korus, CMB, with the Distinguished 2012 Schumacher-Bolduc Award

    Chicago, IL (October 22, 2012) — The Mortgage Bankers Political Action Committee (MORPAC) today awarded Jamie Korus, CMB, President of Alliance Financial Resources, with the 2012 Schumacher-Bolduc Award at the association’s 99th Annual Convention and Expo held in Chicago, IL. 

  • MBA Awards Gary Acosta Investing in Communities Award

    CHICAGO, IL (October 23, 2012) – Gary Acosta, executive chairman of New Vista Asset Management and co-founder of the National Association of Hispanic Real Estate Professionals (NAHREP), was awarded the Investing in Communities Award today by the Mortgage Bankers Association (MBA).

  • MBA Announces Members and Leadership of 2013 Residential Board of Governors (RESBOG) and 2013 Residential Committee Chairs

    Chicago, IL (October 21, 2012) – The Mortgage Bankers Association (MBA) today announced David Motley, CMB, President of Colonial National Mortgage in Fort Worth, TX as Chairman of its 2013 Residential Board of Governors (RESBOG) and William C. Emerson, CEO of Quicken Loans, Inc in

  • Bill Cosgrove, CMB, Sworn in 2013 MBA Vice Chairman

    Chicago, IL (October 22, 2012) — Bill Cosgrove, CMB, President and CEO of Union National Mortgage Co.  of Strongsville, OH,  was today was sworn in as Vice Chairman of the Mortgage Bankers Association (MBA) during the association’s 99th Annual Convention & Expo in Chi

  • E. J. Burke Sworn in 2013 MBA Chairman-Elect

    Chicago, IL (October 22, 2012) — E. J. Burke, Executive Vice President and Group Head, KeyBank Real Estate Capital and Corporate Banking Services, today was sworn in as Chairman-elect of the Mortgage Bankers Association (MBA) during the association’s 99th Annual Convention &

  • MBA Elects 2013 Board of Directors

    Chicago, IL (October 22, 2012) – The Mortgage Bankers Association (MBA) yesterday elected its Board of Directors for the 2013 membership year at MBA's 99th Annual Convention & Expo in Chicago. The Board of Directors will be chaired by Debra W. Still, CMB, President and CEO of Pulte

  • Debra W. Still, CMB, Sworn in as 2013 MBA Chairman

    Chicago, IL (October 22, 2012) —Debra W. Still, CMB, President and Chief Executive Officer of Pulte Mortgage LLC, was sworn in today as the 2013 Chairman of the Mortgage Bankers Association (MBA) at the association’s 99th Annual Convention & Expo in Chicago.  As Cha

  • MBA Elects New Officers

    Chicago, IL (October 22, 2012) — The Mortgage Bankers Association (MBA) today announced the election of Debra W. Still, CMB, President and Chief Executive Officer of Pulte Mortgage LLC, as the 2013 Chairman of MBA at the association’s 99th Annual Convention & Expo in Chicago.&n

  • Stevens Calls for Federal Housing Policy Coordinator, Greater Transparency from FHFA

    Chicago, IL (October 22, 2012) —   David H. Stevens, President & CEO of the Mortgage Bankers Association (MBA) today delivered the following remarks at the association’s 99th Annual Convention and Expo in Chicago, IL.  [Please Note:  These are prepare

  • Paper Examines Historical Origins of America’s Mortgage Laws

    WASHINGTON, DC (October 22, 2012) - Today the Mortgage Bankers Association (MBA) released a paper entitled, “The Historical Origins of America’s Mortgage Laws,” conducted by Andra Ghent, Assistant Professor of Real Estate at Arizona State University and sponsored by MBA’

  • Mortgage Applications Decrease in Latest MBA Weekly Survey

    WASHINGTON, D.C. (October 17, 2012) — Mortgage applications decreased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 12, 2012.  This week’s results include

  • MBA files Comment Letter to CFPB on Servicing Standards

    On October 9, 2012 the Mortgage Bankers Association (MBA) provided official comments and exhibits on the Consumer Financial Protection Bureau’s (CFPB’s) Proposed Servicing Rules that amend the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA).&

  • Mortgage Applications Decrease in Latest MBA Weekly Survey

    WASHINGTON, D.C. (October 10, 2012) — Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 5, 2012.  The Market Composite Index,

  • Mortgage Refinance Applications Highest Since 2009 as Rates Reach Record Lows in Latest MBA Weekly Survey

    WASHINGTON, D.C. (October 3, 2012) — Mortgage applications increased 16.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 28, 2012.  The Market Composite Ind

  • Mortgage Rates Drop to New Survey Lows

    WASHINGTON, D.C. (September 26, 2012) — Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 21, 2012. The Market Composite Index, a

  • Mortgage Rates Drop to New Survey Lows

    WASHINGTON, D.C. (September 19, 2012) — Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 14, 2012. The Market Composite Index, a

  • Pete Mills to Lead MBA's Residential Policy and Member Services

    WASHINGTON, D.C. (September 17, 2012) –  David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Pete Mills as Senior Vice President, Residential Policy and Member Services, effective October 1, 2012.  In this position,

  • MBA Endorses Campbell Bill on Eminent Domain

    WASHINGTON, D.C. (September 13, 2012) –  David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), applauded the introduction of the Defending American Taxpayers from Abusive Government Takings Act, filed today in the U.S. House of Representatives by Congressman

  • Refinance Applications Decline as Rates Increase

    WASHINGTON, D.C. (August 22, 2012) — Mortgage applications decreased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 17, 2012.  The Market Composite Index,

  • MBA Statement on Treasury Announcement of Modifications to Agreements with GSEs

    WASHINGTON, D.C. (August 17, 2012) –  David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement reacting to the U.S. Treasury Department’s announcement of modifications to the Preferred Stock Purchase Agreements (PSPAs) betwe

  • MBA Comments on Proposed Loan Officer Compensation Rule

    WASHINGTON, D.C. (August 17, 2012) –  David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), issued the following statement on the Loan Officer Compensation proposed rule released today by the Consumer Financial Protection Bureau (CFPB).   &#

  • Mortgage Applications Decrease in Latest MBA Weekly Survey

    WASHINGTON, D.C. (August 15, 2012) — Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 10, 2012.  The Market Composite Index,

  • MBA Statement on CFPB’s Proposed Mortgage Servicing Rules

    WASHINGTON, D.C. (August 10, 2012) – David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) announcement of proposed rules that would establish uniform stan

  • Mortgage Delinquencies Increase in Latest MBA Survey

    WASHINGTON, D.C. (August 9, 2012) — The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 7.58 percent of all loans outstanding as of the end of the second quarter of 2012, an increase of 18 basis points from t

  • MBA Announces Nomination of Bill Cosgrove, CMB as 2013 Vice Chair

    WASHINGTON, D.C. (August 9, 2012) - The Mortgage Bankers Association (MBA) today announced the nomination of Bill Cosgrove, President and CEO of Union National Mortgage Company, to be its Vice Chair. He will be elected by MBA members at the Association's 99th Annual Convention, which wil

  • Mortgage Applications Decrease in Latest MBA Weekly Survey

    WASHINGTON, D.C. (August 8, 2012) — Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 3, 2012.  The Market Composite Index, a

  • Refinance Applications Increase Again to Three-Year High in Latest MBA Weekly Survey

    WASHINGTON, D.C. (August 1, 2012) — Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 27, 2012.  The Market Composite Index, a m

  • Stevens Comments on FHFA Announcement on Principal Reduction

    WASHINGTON, D.C. (July 31, 2012) –  David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), today issued the following statement regarding the Federal Housing Finance Agency’s announcement that it would not endorse programs at Fannie Mae and Freddi

  • As Low Rate Environment Persists, Refinance Applications Reach Highest Level Since 2009 in Latest MBA Weekly Survey

    WASHINGTON, D.C. (July 25, 2012) — Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 20, 2012.  The Market Composite Index, a me

  • Record Low Mortgage Rates Lead to Jump in Refinance Activity

    WASHINGTON, D.C. (July 18, 2012) — Mortgage applications increased 16.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 13, 2012. The Market Composite Index, a measure o

  • Mortgage Applications Decrease in Latest MBA Weekly Survey

    WASHINGTON, D.C. (July 11, 2012) — Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 6, 2012.  This week’s results include an adj

  • MBA Chairman-Elect Debra Still Testifies on Qualified Mortgage Rulemaking

    WASHINGTON, D.C. (July 11, 2012) –  Debra Still, CMB, Chairman-Elect of the Mortgage Bankers Association (MBA), today testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit at a hearing title “The Impact of Dodd-Frank’s H

  • MBA Comments on CFPB's Qualified Mortgage Provisions

    Members of Media: On Tuesday July 10, 2012, the Mortgage Bankers Association (MBA) submitted a comment letter to the Bureau of Consumer Financial Protection (CFPB) in response to the reopening of the comment period for the proposed rule to implement the Ability to Repay/Qualifie

  • Mortgage Applications Decrease Driven by a Drop in Refinances in Latest MBA Weekly Survey

    WASHINGTON, D.C. (July 5, 2012) — Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 29, 2012.  The Market Composite Index,

  • MBA: First Quarter Mortgage Banker Production Profits Improve

    WASHINGTON, DC (June 29, 2012) – Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,654 on each loan they originated in the first quarter of 2012, up from $1,093 per loan in the fourth quarter of 2011, the Mortgage Bankers Association

  • Mortgage Applications Decrease in Latest MBA Weekly Survey

    WASHINGTON, D.C. (June 27, 2012) — Mortgage applications decreased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 22, 2012.  The Market Composite Index, a me

  • Government Refinance Applications More Than Double in Latest MBA Survey

    WASHINGTON, D.C. (June 20, 2012) — Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 15, 2012.  The Market Composite Index, a me

  • Bill Cosgrove, CMB, Testifies on Mortgage Disclosure Reform

    WASHINGTON, D.C. (June 20, 2012) –  Bill Cosgrove, CMB, today testified on MBA's behalf before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity at a hearing titled, "Mortgage Disclosures:  How Do We Cut Red Tape for Consumers and Small B

  • MBA Comments on FHFA’s Draft Strategic Plan

    Members of Media: On Wednesday, June 13, 2011, the Mortgage Bankers Association (MBA) sent the attached letter to the Federal Housing Finance Agency (FHFA) in response to the FHFA’s draft Strategic Plan: Fiscal Years 2013-2017.  The letter outlines MBA’s views and

  • Mortgage Applications Reach Highest Level Since 2009 in Latest MBA Weekly Survey

    WASHINGTON, D.C. (June 13, 2012) — Mortgage applications increased 18.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 8, 2012.  Last week’s results included an a

  • Rodrigo Lopez Testifies on the Role of FHA in the Multifamily Mortgage Markets

    WASHINGTON, D.C. (June 7, 2012) –  Rodrigo Lopez, CMB, President and CEO of AmeriSphere Multifamily Finance headquartered in Omaha, Nebraska, today testified on behalf of the Mortgage Bankers Association (MBA) before the U.S. House of Representatives Committee on Financial Services

  • Mortgage Applications Increase in Latest MBA Weekly Survey

    WASHINGTON, D.C. (June 6, 2012) — Mortgage applications increased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 1, 2012.  This week’s results include an adju

  • MBA Calls on FHA to Allow Investors into 203(k) Program

    On Tuesday, June 6, 2012, MBA sent a letter to FHA Commissioner Carol Galante asking FHA to lift the moratorium on allowing investors to participate in FHA’s Section 203(k) Rehabilitation Loan Program.  In summary, MBA believes communities would benefit from investors buying b

  • Mortgage Rates Drop to New Survey Lows

    WASHINGTON, D.C. (May 30, 2012) — Mortgage applications decreased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 25, 2012.  This week’s results do not include

  • MBA Increases Originations Estimate for 2012 by Almost $200 Billion

    Washington, DC (May 24, 2012) — The Mortgage Bankers Association (MBA) today announced it is increasing its mortgage origination forecast for 2012 by almost $200 billion, due entirely to an increase in refinances. MBA now expects that mortgage originations will reach $1.28 trillion

  • Record Low Mortgage Rates Fuel Third Consecutive Increase In Refinance Applications In Latest MBA Weekly Survey

    WASHINGTON, D.C. (May 23, 2012) — Mortgage applications increased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 18, 2012.  The Market Composite Index, a meas

  • Refinance Applications Increase in Latest MBA Weekly Survey

    WASHINGTON, D.C. (May 16, 2012) — Mortgage applications increased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 11, 2012.  The Market Composite Index, a meas

  • Delinquencies Decline in Latest MBA Mortgage Delinquency Survey

    WASHINGTON, D.C. (May 16, 2012) — The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the first quarter of 2012, a decrease of 18 basis points from the f

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