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Tag Archives: Mortgage Bankers Association

Mortgage Applications Bounce Back Following Superstorm Sandy

Following a rocky October, mortgage applications picked up for the week ending November 9, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The survey's Market Composite Index increased 12.6 percent from the previous week. In a commentary, Capital Economics property economist Paul Diggle said "the balance of evidence increasingly suggests that mortgage-dependent buyers are starting to make more of a contribution to the housing recovery."

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Agencies Announce Delay on Basel III Implementation

The implementation of the Basel III capital rules may be postponed beyond the start of 2013, according to a joint statement released by the Office of the Comptroller of the Currency, the FDIC, and the Federal Reserve. The announcement follows a comment period during which many trade organizations and institutions expressed apprehension about the new requirements.

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Panel Debates on Qualified Mortgage Regulations

By clarifying the qualified residential mortgage (QRM) and QM (qualified mortgage) rules, regulators could attract private investors back into the mortgage market, Michael Held, president of Wells Fargo Home Mortgage, told the audience at the Mortgage Bankers Association's (MBA) Annual Conference and Expo in Chicago Monday.

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Three Officers Join MBA Leadership

The Mortgage Bankers Association (MBA) swore in Debra Still, E.J. Burke, and Bill Cosgrove as chairs at the association's 99th Annual Convention & Expo in Chicago, MBA announced Monday.

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