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Tag Archives: Mortgage Bankers Association

Commercial/multifamily mortgage debt posts largest increase since '08

Commercial/multifamily mortgage debt outstanding grew to its highest level in five years in the third quarter, increasing by $25.2 billion as all four major investor groups increased their holdings, a new report from the Mortgage Bankers Association (MBA) says. That is a 1 percent increase over the second quarter of 2013. Total commercial/multifamily debt outstanding stood at $2.47 trillion in ...

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Strong reaction from community banks cited for Basel III delay

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 the delay stems from the ...

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Banks get reprieve from Basel III capital requirements

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. In a statement Friday, the Office of the Comptroller of the Currency said the delays stems from the massive ...

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Fannie, Freddie chief’s rejection of mortgage reductions has bankers smiling

  Fannie Mae and Freddie Mac won’t be taking part in the Obama administration’s home mortgage principal reduction program. That’s bad news for underwater homeowners but cause for rounds of high-fives among executives in the nation’s financial sector. The setback for homeowners came Tuesday when Federal Housing Finance Agency Acting Director Ed DeMarco bowed to pressure from Wall Street and ...

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

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 to protect lenders and borrowers ...

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Mississippi mismatch: Delinquent mortgages high, foreclosures low

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 ranked 46th in the nation ...

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Mortgage group: Encouraging signs in new delinquency numbers

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 adjusted rate of 8.22 percent ...

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State tops U.S. in mortgage payments late by 30 days in 4Q

By Ted Carter Mississippi led the nation in mortgage payments overdue by 30 days in the fourth quarter and its 90-day delinquent rate began to resume a previous rise, the Mortgage Bankers Association said in a press conference Thursday morning. The state’s overall rate of 13.30 percent was among the nation’s highest, while the 5.93 percent 30-day tardy rate led ...

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Tardy mortgages reflect struggling economy

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 matched Nevada, where the collapse ...

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