If the 5,000 plus demonstrators that marched to the Mortgage Bankers Assocation (MBA) annual meeting in Chicago on Monday are any indication, the city has had enough of the MBA.
Barry Ritholtz points to this chart of the Mortgage Bankers’ Association purchase index. It shows mortgage applications crashing after the expiry of the Obama administration’s homebuyers’ tax credit, falling to the same level as in May 1997, when there were approximately 40 million fewer people living in the United More…
This should come as no surprise: Even the mere mention of the possibility of bringing back cramdown legislation prompted the Mortgage Bankers Association to spring into action. Here’s the group’s rapid response to comments this week from several powerful Democrats, who who threatened to renew efforts to allow More…
The percentage of homeowners either in foreclosure or late on a mortgage payment topped 13 percent nationwide in the second quarter of 2009, the Mortgage Bankers Association reported today. The figure is the highest since the MBA began keeping records 37 years ago.
And the trouble is expected More…
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