Articles Tagged with ''MBA''

MBA: Commercial/multifamily outstanding debt posts largest Q1 increase since recession

Commercial/multifamily debt is on the rise as each major investor class increases its holdings
Outstanding commercial/multifamily mortgage debt just posted the largest first quarter increase since before the Great Recession, a report from the Mortgage Bankers Association shows. MBA Vice President of Commercial Real Estate Research Jamie Woodwell said that this is an encouraging sign that indicates a strong market.
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MBA, NMHC, others call on CFPB to change multifamily HMDA rules

Want exemption from HMDA reporting for business-to-business loans
The Mortgage Bankers Association, the National Multifamily Housing Council, and several other prominent trade groups are calling on the Consumer Financial Protection Bureau to change the Home Mortgage Disclosure Act rules for multifamily lending. The groups want the CFPB to completely exempt multifamily business-to-business lending from HMDA reporting requirements.
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MBA: Refis boost mortgage applications

Application activity increase 5.1%
Mortgage applications reversed course this week, increasing 5.1% from last week, with the Refinance Index increasing 6%. However, Federal Housing Administration applications dipped slightly, from 10.6% to 10.1%.
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MBA: Delinquencies remain at rock bottom for commercial/multifamily loans

New report shows that delinquencies remain near 0% for five major investor types
Delinquency rates for commercial and multifamily mortgage loans remain about as low as they can get, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report. Five of the major investor types have delinquency rates hovering near 0%.
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The cost of originating a mortgage just got ridiculous - again

Lenders go negative for first time since 2014
Lenders continue to struggle in the rising mortgage rate environment, reporting negative profits for the first time since Dodd-Frank compliance brought down profits in 2014. In fact, falling volume drove net production profitability into the red for only the second time since the inception of the MBA’s report in 2008.
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MBA finds Stevens successor: Meet the new president and CEO

Robert Broeksmit set to take over in August
This week, the Mortgage Bankers Association revealed its new president and CEO to take over this summer. Current president and CEO Dave Stevens announced he will be stepping down as of September 30, 2018, to allow the MBA time to choose a new leader. Now, the MBA has done just that.
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MBA: Mortgage applications increase 4.1%

Interest rates continue to decrease
Mortgage applications climbed in numbers, increasing 4.1% from last week. But this week’s results included an adjustment for the Memorial Day holiday. On an unadjusted basis, the index decreased 7% from last week.
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