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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

Mortgage Applications Surge In Latest MBA Weekly Survey

WASHINGTON, D.C. - December 05, 2007 - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 30, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 791.8, an increase of 22.5 percent on a seasonally adjusted basis from 646.3 one week earlier

MBA Hails Paulson’s Plan for Tax Exempt Bonds for Mortgage Refis

Washington, DC - December 3, 2007 - Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) applauded a proposal unveiled today by Treasury Secretary Henry Paulson to expand tax-exempt qualified mortgage bond programs to refinance existing loans. Under current law, these tax exempt bond programs can only be used to support purchase loans.