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Mortgage Bankers Association

Housing Wire

MBA leadership says it’s “playing offense” to “stop the madness”

October 17, 2023 Mariel Alumit Comments Off on MBA leadership says it’s “playing offense” to “stop the madness”

The market is rocky, margins are tight. And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference […]

Housing Wire

MBA, NAR, NAHB call on the Fed to provide market certainty about its rate path

October 10, 2023 Mariel Alumit Comments Off on MBA, NAR, NAHB call on the Fed to provide market certainty about its rate path

A coalition of housing trade groups — including the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) — called on the Federal Reserve to provide market certainty […]

Housing Wire

MBA defends servicers on heels of HUD OIG loss mitigation report

June 18, 2023 Mark Paul Cervantes Comments Off on MBA defends servicers on heels of HUD OIG loss mitigation report

The Mortgage Bankers Association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic created for mortgage servicers in response to a series of reports published this week by the U.S. Department of Housing […]

Housing Wire

M&T RCC’s Christine Chandler nominated as MBA vice chair for 2024

June 8, 2023 Mark Paul Cervantes Comments Off on M&T RCC’s Christine Chandler nominated as MBA vice chair for 2024

The Mortgage Bankers Association (MBA) announced on Wednesday that Christine Chandler, the executive vice president, chief credit officer, and chief operating officer of M&T Realty Capital Corporation (RCC), has been nominated to serve as MBA’s […]

Multifamily
Commercial Real Estate

Multifamily Mortgage Debt Outstanding Rises to New Record in Q1 2022

August 11, 2022 Mariel Alumit Comments Off on Multifamily Mortgage Debt Outstanding Rises to New Record in Q1 2022

Multifamily mortgage debt alone increased $37.4 billion in Q1, according to MBA’s latest report. $ in billions Source: MBA Driven by record-high originations for a first quarter, the amount of mortgage debt outstanding climbed to […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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