August 9, 2019
The MMBA Rebuts Study on Discriminatory Lending Practices in the LGBTQ Community
We thank The Boston Globe for bringing a recent study from Iowa State University to our attention. The study, based on nationwide lending patterns from 1990 to 2015, suggests that same-sex couples are more likely to be denied mortgages and that they pay higher interest rates than other similarly qualified borrowers. The MMBA respectfully disagrees with the results of the study.
May 22, 2019
The Massachusetts Mortgage Bankers Association Files Amicus Brief in Thompson v. JPMorgan Chase Bank, N.A.
The Massachusetts Mortgage Bankers Association (MMBA), the largest mortgage association in New England, announces it filed an amicus brief in Thompson v. JPMorgan Chase Bank, N.A., a U.S. Court of Appeals decision handed down by the First Circuit. The Thompson case involved the notice of default sent to the Thompsons (the borrowers) by JPMorgan Chase Bank when the borrowers failed to make their mortgage loan payments. The Court held that the notice was “potentially deceptive” and declared the foreclosure invalid.
May 21, 2019
The Massachusetts Mortgage Bankers Association Hosts Affordable Lending Summit
The Massachusetts Mortgage Bankers Association (MMBA), the largest mortgage association in New England, announces it hosted an Affordable Lending Summit on May 16 at Webster Federal Credit Union in Worcester, MA. The Summit provided lending institutions with insight and information to help increase LMI Lending to meet the needs of its consumers.