Articles Tagged with ''MBA''

Florida, Nevada Named Top Spots for Mortgage Fraud

Florida and Nevada were the nation's hotspots for mortgage fraud in 2007, with the Sunshine State maintaining its top rank for the second year in a row. According to data jointly released Thursday by the Mortgage Bankers Association and the Mortgage Asset Research Institute, LLC, Nevada climed into the second spot last year after ranking sixth for fraud one year earlier.
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Foreclosures Set All Time Record in Fourth Quarter

The Mortgage Bankers Association's National Delinquency Survey for the fourth quarter of 2007 found foreclosures at an all-time high, while delinquencies were at their highest level since 1985. The trade organization said one of the largest problems now facing housing markets nationwide were borrowers "giving up."
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Mortgage Market Roundup, Weekend Edition

Next week, I'll be in Las Vegas for ASF 2008 -- which ought to be a very interesting show to report on. There's been plenty of discussion lately around what the future of securitization in the mortgage market will look like, and I'd expect to hear plenty more from the experts next week.
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MBA: 235,000 Loan Workouts Initiated During Third Quarter

The Mortgage Bankers Association released the results of a first-of-its-kind survey today that found more than 235,000 workouts were initiated by the mortgage industry during the third quarter of 2007. An estimated 54,000 loans were modified, while servicers established formal repayment plans with another 183,000 borrowers, the MBA said.
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MBA Expresses 'Deep Concern' Over Proposed GSE Delivery Fees

The Mortgage Bankers Association said late last week that it has concerns regarding plans by both GSEs to introduce broad delivery fees tied to poor mortgage market conditions. MBA chairman Kieran Quinn, in a letter to the CEOs of both Fannie Mae and Freddie Mac, said he was "deeply concerned that these new fees have the potential to limit homeownership prospects for affected borrowers."
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MBA: Fight Mortgage Fraud With Resources, Not Legislation

The Mortgage Bankers Association (MBA) today released Mortgage Fraud: Strengthening Federal and State Mortgage Fraud Prevention Efforts, the latest addition to a series of policy papers sponsored by the trade organization. "We do not need more federal laws to combat fraud. Instead, we need a more coordinated effort and more resources to investigate and prosecute," said Jonathan Kempner, MBA president and CEO.
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MBA: New Foreclosures Hit Record in First Quarter

The MBA's National Delinquency Survey numbers for the first quarter came out today. The trade org's full press release is available here, and highlights a drop in reported delinquencies relative to one quarter ago (although delinquencies are really up, rising 43 basis points from year-ago levels).
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