Mississippi Business Journal » Mortgage Bankers Association

Strong reaction from community banks cited for Basel III delay

Ted Carter — Fri, 16 Nov 2012 16:14:19 +0000

In a move that takes immediate pressure off of community banks in Mississippi and elsewhere in the nation, federal bank regulators say they do not expect to enact new capital requirements on Jan. 1 based on the Basel III International Accords. The Office of the Comptroller of the Currency said in a Nov. 9 statement [...]

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Realtors, bankers, builders concerned that new regulations will dampen housing recovery

Ted Carter — Sun, 03 Jun 2012 06:01:02 +0000

A provision of the Dodd-Frank banking reform law has non-profit housing provider Habitat for Humanity worried it could get into legal hot water making loans to high-risk borrowers. The Consumer Financial Protection Bureau, or CFPB, created by the banking reform legislation is setting rules for implementing qualified mortgage and ability-to-pay regulations. The measures are designed [...]

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Mississippi mismatch: Delinquent mortgages high, foreclosures low

Ted Carter — Sun, 13 Mar 2011 06:00:55 +0000

Mississippi has long had the distinction as a state with one of the highest delinquent mortgage rates in the country. January was no exception. The state’s 5.93 percent 30-day delinquent rate topped all over states, including the troubled mortgage market states of Florida, Nevada and California, the Mortgage Bankers Association reported last week. Yet Mississippi [...]

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Mortgage group: Encouraging signs in new delinquency numbers

Ted Carter — Sun, 13 Mar 2011 06:00:07 +0000

The Mortgage Bankers Association last month gave the most encouraging assessment in several years on delinquent mortgages, reporting a 30-day tardy rate not seen nationally since the end of 2007, a period that marked the start of the current recession. The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally [...]

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Tardy mortgages reflect struggling economy

Ted Carter — Sun, 07 Nov 2010 15:28:39 +0000

Mississippi’s 14.1 percent delinquent rate applies to loans by 30 days or more Mississippi mortgage bankers are awaiting third quarter tallies from the Mortgage Bankers Association to learn whether the state will continue to have the unfortunate distinction of having the nation’s highest rate of tardy home-loan payments. The 14.1 percent rate for the second quarter [...]

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