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michigan mortgage lenders association - News

2013 home sales best since 2006
2013 home sales best since 2006 In Michigan, sales were up 1.5 percent to $126,977, according to the Michigan Association of Realtors. The average sales price rose 12.8 percent to $124,716. The state Lawrence Yun, chief economist for the National Association of Realtors, expects

Roy Sexton's REEL ROY REVIEWS to be Released 2/28
from the University of Michigan. He is a graduate of Leadership Detroit, is a governor-appointed member of the Michigan Council of Labor and Economic Growth and was appointed to the Michigan Mortgage Lenders Association Board of Governors in 2012.

State Updates; Storm May Lead to a Quiet Market; Hiring of and...
For more information on Michigan's consumer protection laws check out its FAQ. Massachusetts is now requiring state-licensed brokers and The Community Home Lenders Association (CHLA) recently marked its one year anniversary. CHLA is composed of

Foreclosure Activity Showing Significant Declines in November
Delinquency data is extrapolated from data received by the Mortgage Bankers Association (MBA) for the third quarter of 2013. "As we approach the seven million mark for completed loan modifications, we remain convinced that the collaborative efforts of

Protesting Mortgage Bankers Association Meeting, October 10th, 2011, Hyatt Regency Chicago

More information at and SOUL is a member organization of National People's Action (http The Hyatt ...

MCT Wins PROGRESS in Lending Association's 2018 Innovation Award for its New Bid Auction Manager (BAM) Whole ...

Officially unveiled in July of 2017 at the Western Secondary Market Conference in San Francisco, BAM significantly enhances the industry’s loan sale practices. The solution completely automates, centralizes, and streamlines what used to be an unsecure, fragmented, and largely manual process of exchanging, pricing, and analyzing bid tapes for loan sales. Lenders, investors, and MCT’s team of mortgage loan traders benefit from a consistent process, greater transparency, and a centralized repository for bid tape management. BAM is easily and securely accessed by permissioned parties via MCT‘s award-winning capital market software platform, MCTlive!™.

Now in its eight year, the highly competitive annual Innovation Awards were presented to winners at a prestigious ceremony held by PROGRESS in Lending Association at the MBA’s National Mortgage Technology Conference in Detroit, Michigan on Sunday, April 15. Judges scored applications using a weighted scale that focuses on achievements over a 12-month period for each innovation’s overall industry significance, originality, positive change on the industry, intangible efficiencies gained, and hard return on investment.

Mortgage association president apologizes to Quicken Loans

The president of the Michigan Mortgage Lenders Association issued an apology to Quicken Loans on Wednesday after making "regrettable comments" about the company to Michigan Public Radio.

The 450-word apology letter from Jim Wickham addresses comments he made in a Feb. 15 story titled "Data analysis: 'Modern-day redlining' happening in Detroit and Lansing."

"In this instance, I failed a long-standing and highly valued member of the MMLA," he said in the letter, referencing the Detroit-based mortgage lender, which is an MMLA Platinum Corporate Partner. "This was an enormous mistake and I want to offer my most sincere apologies to Quicken Loans and its team members who have worked tirelessly to both transform the mortgage process and revitalize the city of Detroit."

Quicken Loans spokespeople did not provide comment Wednesday evening.

The MPR article focuses on the issue of redlining — the practice of denying loans to those deemed to be financial risks.