Aug 26th 2010 1:56PM
Does a shred of good news have an impact amid a forest of disastrous reports? The Mortgage Bankers Association reported that the number of loans in the foreclosure process declined in the second quarter of 2010 for the first time since 2006. The question remains whether this figure matters in light of the recent 27 percent... Continue Reading »
Mar 18th 2010 9:00AM
A bunch of stiff-suited bankers may be the last group you'd expect to launch a proposal that aims to give the unemployed a bit of mortgage breathing room. Well, surprise, surprise! The Mortgage Bankers Association has offered up a voluntary forbearance program for home owners who have lost jobs and cannot make mortgage... Continue Reading »
Feb 9th 2010 4:00PM
You know we're in trouble when even real-estate experts teeter on the brink of mortgage default. The Mortgage Bankers Association, the trade group for mortgage lenders, recently sold its headquarters in Washington, D.C., for $41.3 million, nearly half of what it purchased the building at 1331 L Street, NW for in 2007 ($79... Continue Reading »
