Skip to main content

MBA Launches New Consumer Homebuying Tools

Oct 06, 2015
MBA Logo

The Mortgage Bankers Association (MBA) has launched new consumer tools on MBA.org designed to assist consumers during the homebuying process. These tools will help consumers navigate the financing of a home so every potential borrower feels prepared from beginning to end.

“The homebuying process continues to change, and MBA remains committed to helping consumers understand the various elements that go into purchasing a home,” said David Stevens, president and CEO. “MBA realizes how overwhelming it can be, so we have created five fact sheets to help consumers navigate the homebuying process.”

The homebuying tools section is made up of five elements, each with its own document: 

Prepare for the Process: Educating and readying consumers for the challenges in the home buying and financing process
Evaluate Your Credit: Providing information and insights on consumer credit ratings.
Shop for a Mortgage: Understanding the costs in a mortgage, including information on the new "Know Before You Owe" mortgage rules and forms that went into effect on October 3, 2015. 
Get the Facts on Closing: Helping consumers understand the closing process, and the types of paperwork and documents they may see at the closing table. 
Plan for the Unexpected: Helping consumers budget for their new home, and prepare for surprises and unknowns.

About the author
Published
Oct 06, 2015
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024
Guild Mortgage Reports Net Loss In 2023 Amid Acquisition Spree

San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.

Mar 13, 2024