Items Tagged with 'Mortgage Bankers Association'

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[Video] MBA CEO: The future of Fannie Mae and Freddie Mac reform

We need to be concerned about the housing finance system
After nearly 10 years under conservatorship, reforming Fannie Mae and Freddie Mac is finally high up on the President’s priority list. However, there is still no official plan around what exactly this reform will look like. The CEO of the largest trade group in the mortgage finance space gives his take on what the future for reform will likely look like.
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MBA: Mortgage applications continue to decline

Refinance demand drops to another record low
This week’s mortgage application data looked similar to the previous week’s report as applications fell once again due to a drop in refinance demand. This time around the refinance share of mortgage activity sank even lower, falling to the lowest level since November 2008.
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MBA appoints two new members to MISMO board of directors

Each elected for two-year terms
The Mortgage Bankers Association named two new industry veterans to the Mortgage Industry Standards Maintenance Organization board of directors. Read for more about the new members: Quicken Loans’ executive vice president and Black Knight’s senior vice president.
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"Rocket Mod": The future of mortgage default servicing?

How technology will change loss mitigation
Over the last few years, technological advancements took mortgage originations from the fax machine to the smartphone — and from months of waiting to approval in minutes. Could the same thing be coming for mortgage modifications?
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Mortgage delinquencies edge slightly higher from record lows

MBA: Rise not unexpected
Despite a rise in the mortgage delinquency rate in the fourth quarter of 2016, the slight uptick follows a record-low third-quarter report. Marina Walsh, the Mortgage Bankers Association’s vice president of industry analysis, explains the mixed set of results in the most recent survey.
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MBA: Mortgage applications slightly increase

Refinance demand dwindles
After barely dropping in the prior report, mortgage applications ticked back up and increased 2.3% from one week earlier. Most notably, the refinance share of mortgage applications fell to its lowest level since June 2009.
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MBA: Mortgage applications reverse course, drop

Refinance applications further disappear
Coming in after an increase in the previous week’s report, which included a holiday, mortgage applications reversed course and declined. Most notably, the refinance share of mortgage activity finally fell below 50% of all applications.
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