Tag Archives: mortgage bankers association

Is Strategic Default Morally Bankrupt?

A tipster sent in this video from the Daily Shop regarding the Mortgage Bankers Association and their own strategic default on the organizations headquarters. CoStar Group Inc., a provider of commercial real estate data, announced that it had agreed to buy the MBA’s 10-story headquarters building in Washington, D.C., for $41.3 million. The price is [...]

Mortgage Bankers Association Tells People Not to Default, But They Did

In one of the funniest and ultimate ironies it appears that the Mortgage Bankers Association, who tell consumers they need to keep paying your mortgage and not walk away from their homes, actually strategically defaulted on their own mortgage and walked away. Et tu, Brute.

Mortgage Bankers Association Report Shows 1 in 7 Homeowners Past Due or in Foreclosure

The following is a press release from the credit or debt world. The publication of this release by this site is not an endorsement of the release. WASHINGTON, Aug. 26 /PRNewswire-USNewswire/ — One in seven homeowners is past due on their mortgage or in foreclosure, according to the Mortgage Bankers Association’s latest report on home [...]

Mortgage Bankers Association. A Bunch of Whiny Bitches?

So in the Wall Street Journal the Mortgage Bankers Association answered a op-ed about the need for bankruptcy mortgage modifications with the following response. In “Loan Modification Can Stop the Foreclosure Crisis” (op-ed, Jan. 30), Rep. John Conyers shortsightedly calls for allowing unelected bankruptcy judges to unilaterally modify mortgage contracts to help keep borrowers out [...]