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MBA Survey: Share of Mortgage Loans in Forbearance Continues to Climb
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (April 13, 2020) - The surge in unemployment claims filed since mid-March resulting from the mitigation efforts to slow the spread of the coronavirus (COVID-19) are straining household budgets and leading to ...
MBA Statement on the Federal Reserve’s Announcement to Support Commercial Mortgage Markets
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (April 9, 2020) - MBA President and CEO Robert D. Broeksmit, CMB, released the following statement regarding the Federal Reserve's announcement this morning to increase the scale and scope of its mortgage-bac...
Mortgage Credit Availability Decreased in March
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (April 9, 2020) - Mortgage credit availability decreased in March according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie...
Mortgage Applications Decrease in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (April 8, 2020) - Mortgage applications decreased 17.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Ap...
MBA Statement in Response to Comments by FHFA Director Calabria
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (April 7, 2020) - Statement by MBA President and CEO Robert D. Broeksmit, CMB, responding to Federal Housing Finance Agency (FHFA) Director Mark Calabria's recent comments about mortgage servicers. "The...
MBA Survey Shows Spike in Loans in Forbearance, Servicer Call Volume
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (April 7, 2020) - New survey findings released from the Mortgage Bankers Association (MBA) highlight the unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of...
Financial Services Industry and Affordable Housing Advocates Call on Financial Regulators to Establish a Liquidity Facility
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (April 4, 2020) - A broad coalition of organizations representing financial industry and affordable housing advocates, today released a statement calling on government regulators to provide a source of ...
MBA Releases 2019 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (April 2, 2020) - According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), the following firms were the top commercial/multifamily mor...
Mortgage Applications Increase in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (April 1, 2020) - Mortgage applications increased 15.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Ma...
MBA Honors 2020 Tech All-Stars
CONTACT Falen Taylor ftaylor@mba.org (202) 557-2771 WASHINGTON, D.C. (March 30, 2020) - The Mortgage Bankers Association (MBA) awarded the MBA Tech All-Star Award to five visionary leaders in the mortgage technology industry. Since 2002, the MBA Tech All-Star Awards have celeb...
MBA Statement on Ginnie Mae’s Intention to Create a Lending Facility
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (March 27, 2020) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding Ginnie Mae's announcement that it intends to create a lending facility due to the effects and impa...
MBA Statement on the House Passage of the CARES Act
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (March 27, 2020) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the House passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act: "MBA commend...
MBA Applauds CFPB’s Efforts to Provide Flexibility to Financial Institutions
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 26, 2020) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the Consumer Financial Protection Bureau's (CFPB) announcement to offer flexibility to financial compani...
MBA Statement on the Senate Passage of the CARES Act
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (March 26, 2020) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the overwhelming bipartisan Senate passage of the Coronavirus Aid, Relief, and Economic Security (...
Mortgage Applications Decrease in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 25, 2020) - Mortgage applications decreased 29.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending M...
IMBs Post Strongest Fourth Quarter Profits Since 2012
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 24, 2020) - Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $1,182 on each loan they originated in the fourth quarter of 2019, down from a reported...
MBA Statement on Fed Announcement to Purchase Mortgage-Backed Securities
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (March 23, 2020) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the Federal Reserve's announcement that it will increase the scale and scope of purchases of agenc...
Mortgage Applications Decrease in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 18, 2020) - Mortgage applications decreased 8.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Ma...
MBA Responds to the Ongoing Spread and Impact of the Coronavirus
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (March 17, 2020) - MBA President and CEO Bob Broeksmit, CMB, has issued the following statement regarding the response to the ongoing spread and impact of the coronavirus (COVID-19): "MBA commends the r...
February New Home Purchase Mortgage Applications Increased 25.9 Percent
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 17, 2020) - The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2020 shows mortgage applications for new home purchases increased 25.9 percent compared from a year...
Commercial/Multifamily Mortgage Debt Grows in the Fourth Quarter of 2019
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 16, 2020) - The level of commercial/multifamily mortgage debt outstanding at the end of 2019 was $248 billion (7.3 percent) higher than at the end of 2018, according to the Mortgage Bankers Association...
MISMO® Proposes Updates to the Industry Loan Application Dataset
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 11, 2020) - MISMO®, the mortgage industry's standards organization, today released proposed updates to the Industry Loan Application Dataset (iLAD), its modernized dataset for the exchange of ...
Mortgage Applications Increase in Latest MBA Weekly Survey; MBA Doubles 2020 Refinance Originations Forecast
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 11, 2020) - Mortgage applications increased 55.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending ...
Mortgage Credit Availability Decreased in February
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 10, 2020) - Mortgage credit availability decreased in February according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from E...
Statement of Robert D. Broeksmit, CMB, on CFPB Announcement of Steps to Prevent Consumer Harm
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 6, 2020) - MBA President and CEO Robert D. Broeksmit, CMB, issued the following statement about the Consumer Financial Protection Bureau's (CFPB) announcement today on its clarified approach to busines...
Mortgage Applications Increase in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 4, 2020) - Mortgage applications increased 15.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Fe...
MISMO® Releases New Tool to Speed Deployment of New Applications
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 3, 2020) - MISMO®, the mortgage industry's standards organization, today announced the release of a new tool designed to facilitate the use of MISMO standards. The MISMO Entity Relationship M...
Commercial and Multifamily Mortgage Delinquencies Stay Low in the Fourth Quarter of 2019
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 3, 2020) - Commercial and multifamily mortgage delinquencies remained low in the fourth quarter of 2019, according to the Mortgage Bankers Association's (MBA) latest Commercial/Multifamily Delinquency ...
Freddy Feliz Named Vice President of Information Technology and Chief Information Officer
CONTACT Falen Taylor ftaylor@mba.org (202) 557-2771 WASHINGTON, D.C. (February 26, 2020) - The Mortgage Bankers Association (MBA) announced today that Freddy Feliz has joined MBA as Vice President of Information Technology (IT) and Chief Information Officer (CIO). In this role, Fel...
Mortgage Applications Increase in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 26, 2020) - Mortgage applications increased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending...
Michael P. Flood Named Senior Vice President of Commercial/Multifamily Policy and Member Engagement
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (February 24, 2020) - The Mortgage Bankers Association (MBA) announced today that Michael P. Flood has been named Senior Vice President of Commercial/Multifamily Policy and Member Engagement. In this ro...
Prepared Remarks of MBA President and CEO Bob Broeksmit, CMB, at MBA's 2020 Servicing Solutions Conference and Expo
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 24, 2020) - Bob Broeksmit, CMB, MBA President and CEO, delivered the following remarks here today at MBA's 2020 Servicing Solutions Conference and Expo. [Please Note: These are prepared r...
MBA Applauds President Trump’s Intention to Nominate Dana Wade to Head FHA
CONTACT Rob Van Raaphorst rvanraaphorst@mba.org (202) 557-2799 WASHINGTON, D.C. (February 20, 2020) - Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement about President Donald Trump's intention to nominate Dana Wade t...
Mortgage Applications Decrease in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 19, 2020) - Mortgage applications decreased 6.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending...
January New Home Purchase Mortgage Applications Increased 35.3 Percent
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 18, 2020) - The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2020 shows mortgage applications for new home purchases increased 35.3 percent compared from a ye...
MBA Honors Stacey Berger with 2020 CREF Distinguished Service Award
CONTACT Falen Taylor ftaylor@mba.org (202) 557-2771 WASHINGTON, D.C. (February 13, 2020) - The Mortgage Bankers Association (MBA) on Monday awarded Stacey Berger, Executive Vice President of Midland Loan Services, with the 2020 Commercial Real Estate Finance (CREF) Distinguished S...
Mortgage Applications Increase in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 12, 2020) - Mortgage applications increased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week endin...
Mortgage Delinquencies Decrease in Fourth Quarter of 2019
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 11, 2020) - The delinquency rate for mortgage loans on one-to-fourunit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourt...
MBA Presents Freddie Mac Multifamily with Commercial/Multifamily Diversity and Inclusion Leadership Award
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 SAN DIEGO (February 10, 2020) - The Mortgage Bankers Association (MBA) today announced at its 2020 Commercial Real Estate Finance/Multifamily Housing Convention & Expo that Freddie Mac Multifamily has been award...
Prepared Remarks of MBA Chairman Brian Stoffers, CMB, Global President, Debt & Structured Finance of CBRE, at the 2020 Commercial Real Estate Finance/Multifamily Housing Convention & Expo
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 SAN DIEGO (February 10, 2020) - MBA Chairman Brian Stoffers, CMB, Global President, Debt & Structured Finance of CBRE, delivered the following remarks here today at the 2020 Commercial Real Estate Finance/M...
Prepared Remarks of MBA President and CEO Bob Broeksmit, CMB, at the 2020 Commercial Real Estate Finance/Multifamily Housing Convention & Expo
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 10, 2019) - SAN DIEGO (February 10, 2020) - Bob Broeksmit, CMB, MBA President and CEO, delivered the following remarks here today at MBA's 2020 Commercial Real Estate Finance/Multifa...
Commercial and Multifamily Mortgage Maturity Volumes to Increase 48 Percent in 2020
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 SAN DIEGO (February 9, 2020) - $163.2 billion of the $2.2 trillion (7 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2020, a 48 percent increase from th...
Commercial/Multifamily Borrowing Climbed to a New High to Close out 2019
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 SAN DIEGO (February 9, 2020) - A 7 percent increase in commercial and multifamily mortgage originations in the fourth quarter of 2019 capped off what was a strong 2019 for the market, according to preliminary estima...
MBA Releases 2019 Year-End Commercial/Multifamily Servicer Rankings
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 SAN DIEGO (February 9, 2020) - The Mortgage Bankers Association (MBA) released its year-end ranking of commercial and multifamily mortgage servicers' volumes (as of December 31, 2019) here today at the 2020 Commerci...
Freddie Mac’s Deborah Jenkins Joins MBA Opens Doors Foundation Board of Directors
CONTACT Falen Taylor ftaylor@mba.org (202) 557-2771 WASHINGTON, D.C. (February 6, 2020) - The MBA Opens Doors Foundation (Opens Doors) today announced that Deborah (Debby) Jenkins, Executive Vice President and Head of Multifamily, Freddie Mac, has joined its Board of Directors. Op...
Mortgage Credit Availability Decreased in January
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 6, 2020) - Mortgage credit availability decreased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from...
Mortgage Applications Increase in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (February 5, 2020) - Mortgage applications increased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending...
Mortgage Applications Increase in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (January 29, 2020) - Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending...
Mortgage Applications Increase in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (January 29, 2020) - Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending...
Mortgage Applications Decrease in Latest MBA Weekly Survey
CONTACT Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (January 22, 2020) - 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...