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Mortgage Bankers Association

Housing industry cheers Senate passage of the ‘Big Beautiful Bill’

Congress, House of Representatives, Housing Market, HWmember, Legislation, Mortgage Bankers Association, National Association of Realtors, Politics, Senate, Tax, Trump administration /

Senate Republicans on Tuesday advanced President Donald Trump’s sprawling “Big Beautiful Bill” in a last-second flurry that required Vice President JD Vance to cast a tie-breaking vote. All 47 Senate Democrats voted against the bill, with Republicans Susan Collins, retiring Thom Tillis and Libertarian deficit hawk Rand Paul joining them. The bill now goes back […]

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House passes abusive trigger leads ban

HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Regulatory, U.S. House of Representatives /

The U.S. House of Representatives unanimously passed the Homebuyers Privacy Protection Act (H.R. 2808) late Monday, bringing a national ban on abusive trigger leads one step closer to reality. The move was widely applauded by mortgage trade groups. The House’s action follows the U.S. Senate’s approval of a similar bill (S. 1467) on June 13.

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MBA, FHFA explore single credit report for mortgages

credit report, Federal Housing Finance Agency, Government Lending, GSE Reform, GSEs, HWmember, LendingLife, Mortgage, Mortgage Bankers Association /

While the Federal Housing Finance Agency (FHFA) under President Joe Biden proposed a transition from a tri-merge to a bi-merge credit report system, the Mortgage Bankers Association (MBA) is now assessing the feasibility of moving to a single credit report for mortgage underwriting. Bob Broeksmit, president and CEO of the MBA, wrote in a blog

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Mortgage demand dips over holiday but keeps yearly momentum

HWmember, LendingLife, Mortgage, Mortgage applications, Mortgage Bankers Association, Mortgage Rates, Mortgage Rates Center, Origination, Rate /

Mortgage applications decreased by 3.9% for the week ending May 30, according to data from the Mortgage Bankers Association (MBA). On an unadjusted basis, the index fell 15% during the week marked by the Memorial Day holiday. But economists and loan officers say the year-to-date landscape looks much better. “Mortgage applications decreased over the week,

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New MISMO reference model includes reverse mortgages

HECM, HWmember, MISMO, Mortgage Bankers Association, Mortgage Cadence, Reverse, Technology, Underwriting /

After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its reference model includes reverse mortgage features. On Tuesday, MISMO announced that the new version has

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Mortgage Bankers Association removes DEI pages from website

DEI, HWmember, Mortgage, Mortgage Bankers Association, Politics /

Since the new administration took over in January, government agencies have systemically rolled back federal diversity, equity, and inclusion initiatives, with the Trump administration framing the move as a way to cut costs and eliminate waste. The Mortgage Bankers Association (MBA), the largest mortgage trade group, removed several webpages related to diversity, equity, and inclusion,

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Non QM reaps benefits from policy, market discipline: execs

Non QM reaps benefits from policy, market discipline: execs

LOAN PRODUCTS, Mortgage Bankers Association, Originations, Secondary markets /

Frin left to right: Moderator Devin Norales, and panelists Max Slyusarchuk, Jeremy Schneider, Peter Simon and Rudy Orman address the audience at the Mortgage Bankers Association’s Secondary and Capital Markets Conference in New York on May 19, 2025. Politics, marketing and organic growth within the borrowing public are providing momentum to non-qualified mortgage businesses, leading

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Competition for HELOC business heats up as home equity grows

HELOCs, Home Equity, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Mortgage Rates, Origination /

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. “How many of you have a mortgage first lien, 30-year with a 4% coupon or lower?” A majority raised their hands. “You are all the

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Trump regulatory changes benefit industry, MBA leader says

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The Mortgage Bankers Association expects regulatory easing in the first months of the second Donald Trump administration to provide favorable tailwinds for the lending industry, its top official said on Tuesday. With a release from a series of existing and pending rules put forth by financial regulators under former President Biden, the association’s CEO Bob

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Mortgage rates remain close to 7%, but there are positives for housing

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Mortgage rates rose in the past week, but even as they remain close to 7%, there’s little evidence to suggest they’ll move much higher and further constraint housing affordability. On Tuesday, 30-year conforming rates averaged 6.93% while 15-year conforming rates averaged 6.76%, according to HousingWire’s Mortgage Rates Center. In comparison, these figures stood at 6.88%

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