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MBA: Only 11 Percent of $1.4 trillion of Non-Bank Commercial/Multifamily Mortgage Debt Set to Mature in 2011

San Diego, CA – February 7, 2011 – (RealEstateRama) — Of the $1.4 trillion balance of outstanding commercial/multifamily mortgages held by non-bank investors, only 11 percent of the total ($155 billion) will mature in 2011, and 9 percent ($125 billion) in 2012 according to today’s release of the Mortgage Bankers Association’s (MBA) 2010 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes. The survey found that maturities vary considerably by the type of investor holding the loan

MBA Comments to FinCEN on Proposal to Expand Suspicious Activity Reports

WASHINGTON, D.C. – February 7, 2011 – (RealEstateRama) — On Friday, February 4, 2011, the Mortgage Bankers Association, (MBA) submitted the attached comment letter to the Financial Crimes Enforcement Network (FinCEN) in response to FinCEN’s proposal to expand its anti-money laundering programs to help reduce mortgage fraud against lenders through a Suspicious Activity Report (SAR) reporting requirement (Notice of Proposed Rulemaking 1506-AB02).

Wells Fargo/Wachovia, PNC/Midland and Berkadia Lead National Rankings of Commercial/Multifamily Servicing Volumes

San Diego, CA – February 7, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its year-end ranking of commercial and multifamily mortgage servicers as of the end of December 31, 2010. On top of the list of firms is Wells Fargo with $451.1 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $337.4 billion, Berkadia Commercial Mortgage with $194.9 billion, Bank of America Merrill Lynch with $126.6 billion, and KeyBank Real Estate Capital with $118.9 billion

MBA’s Woodwell Testifies on Commercial Real Estate Market

WASHINGTON, D.C. – February 4, 2011 – (RealEstateRama) — Jamie Woodwell, Vice President of Commercial/Multifamily Research for the Mortgage Bankers Association (MBA), testified today before the Congressional Oversight Panel at a hearing titled, ” Commercial Real Estate’s Impact on Bank Stability.”

Mortgage Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. – February 2, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 28, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 11.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 13.2 percent compared with the previous week. The previous week did not include a holiday adjustment for Martin Luther King, Jr. Day

MBA Applauds Fed Decision to Suspend Reg. Z Rulemakings

WASHINGTON, D.C. – February 2, 2011 – (RealEstateRama) — John A. Courson, President and CEO of the Mortgage Bankers Association (MBA) today issued the following statement in response to the Federal Reserve Board’s announcement that it would not finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).

PODCAST: MBA Officials Discuss State of the Industry

WASHINGTON, DC – January 27, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today conducted its annual State of the Real Estate Finance Industry Media Conference Call. The call featured MBA representatives discussing the state of the industry, MBA’s legislative and regulatory agenda for 2011 (including Dodd-Frank Act Implementation, GSE/secondary market reform, tax reform and residential loan servicing) and MBA’s new three-year macro-economic and mortgage finance/housing forecasts.The speakers included: Michael Berman, Chairman of the Mortgage Bankers Association, John Courson, President and CEO of the Mortgage Bankers Association, Jay Brinkmann, Senior Vice President and Chief Economist, Gail Cardwell, Senior Vice President of Commercial and Multifamily, Bill Killmer, Senior Vice President of Legislative and Political Affairs, and Steve O’Connor, Senior Vice President of Public Policy and Industry Relations.

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. – January 26, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 21, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 12.0 percent compared with the previous week. The results do not include an adjustment for the Martin Luther King holiday.

Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. – January 19, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 14, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 5.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6.4 percent compared with the previous week

Mortgage Refinance Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. – January 12, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 7, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 47.5 percent compared with the previous week, which included the New Year’s holiday

MBA Files Suit to Overturn Labor Department’s Interpretation on Overtime for Loan Officers

WASHINGTON, D.C. – January 12, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today filed suit against the U.S. Department of Labor (DOL) in the United States District Court for the District of Columbia under the Administrative Procedure Act (APA).

Register for MBA’s State of Real Estate Finance Industry Media Conference Call

WASHINGTON, D.C. – January 7, 2011 – (RealEstateRama)
WHAT: The Mortgage Bankers Association (MBA) Annual State of the Real Estate Finance Industry Media Conference Call.Among the issues MBA representatives will discuss are the state of the industry, MBA’s legislative and regulatory agenda for 2011 (including Dodd-Frank Act Implementation, GSE/secondary market reform, tax reform and residential loan servicing) and MBA’s new three-year macro-economic and mortgage finance/housing forecasts.

Declining Cities: The People Have Left, the Houses Remain

WASHINGTON, D.C. – January 6, 2011 – (RealEstateRama) — The Great Recession of 2007 to 2009 created new declining cities, and posed further difficulties for cities already in decline. Some cities may not re-attain home price peaks for many years, and could see some neighborhoods cease to be viable economically, according to a study released today from the Mortgage Bankers Association (MBA)

Register Today For MBA’s 21st Annual Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo

WASHINGTON, D.C. – January 6, 2011 – (RealEstateRama) — MBA’s CREF Convention & Expo is the nation’s largest annual commercial real estate finance/multifamily housing industry event. Members of the media are encouraged to attend general sessions and panel discussions to gather the most up-to-date information on commercial real estate trends and business practices as well as the industry’s economic outlook for 2011

Mortgage Applications Drop the Week Before Christmas and Increase the Week After in Latest MBA Weekly Surveys

WASHINGTON, D.C. – January 5, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the weeks ending December 24, 2010 and December 31, 2010. For the week ending December 24, 2010, the Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from the prior week. For the week ending December 31, 2010, this index increased 2.3 percent on a seasonally adjusted basis.

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. – December 22, 2010 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 17, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 18.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 20.0 percent compared with the previous week.

Commercial/Multifamily Real Estate Markets Responding to the Economy

WASHINGTON, D.C. – December 21, 2010 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the third quarter of 2010. The analysis shows that the real estate cycle is beginning to once again exert itself in commercial and multifamily property markets. During the third quarter, the economy began to show (modest) growth and absorption picked up in the face of little new space coming on line. The result has been marginal declines in vacancy rates and a firming of asking rents. Property sales and originations volumes picked up, but volumes were not high enough to keep up with the mortgage debt that investors saw paying off and paying down. The weak economy continued to exert pressure on the performance of properties and the mortgages they back. Mortgage delinquencies were mixed in the quarter, with CMBS and banks/thrifts experiencing continued growth in delinquency rates (albeit at slower rates of growth) and delinquencies at life companies, Fannie Mae and Freddie Mac remaining at low levels

MBA Sends Letter to Fed Requesting Written Guidance on Loan Officer Compensation and Steering Rules

WASHINGTON, D.C. – December 17, 2010 – (RealEstateRama) — On Thursday, December 16, 2010, the Mortgage Bankers Association (MBA) sent the attached letter to Ben Bernanke, Chairman, and Saundra Bernstein, Director, Consumer and Community Affairs Division, of the Federal Reserve, requesting written guidance to help the industry implement the Board’s final rule on loan originator compensation and steering published on September 24, 2010.

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. – December 15, 2010 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7 percent compared with the previous week.

Commercial/Multifamily Mortgage Debt Outstanding Down 1.3 Percent on Bank and CMBS Balances in 3Q 2010

Washington, DC – December 14, 2010 – (RealEstateRama) — The level of commercial/multifamily mortgage debt outstanding decreased in the third quarter, to $3.2 trillion, according to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data.

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