Mortgage Bankers

Association of Arkansas

LEADERSHIP • EDUCATION • REPRESENTATION

resources



EDUCATION


The  MBA of Arkansas and the national MBA have signed a joint marketing agreement to provide MBA educational opportunities at a discount for many Arkansas members.  Please click on the Online Store button below to access special rates on MBA’ Compliance Essentials products, MBA’s acclaimed School of Mortgage Banking, and much more.







August 2016


The ADFA presentation from the August 11, 2016 Luncheon can be downloaded here.



June 2016


Many thanks to Rory Tipton and MBAA member company, Data Facts, for providing an informative and helpful analysis of trended credit data at our May association luncheons in Central and Northwest AR. Please take a moment to review the information and links below to help better prepare for these upcoming changes:


Data Facts continues to receive updated information on trended data from Fannie, Equifax, and Transunion.


  • A sample of the mortgage trended data credit report can be viewed here
  • We have compiled a list of pointers that mortgage professionals should know to prepare for trended data on mortgage credit reports. 
  • Fannie states that, although bureaus will report trended data on all tradelines, Fannie will only look at the resulting payments from revolving accounts.
  • Mortgage trended data will not be used in underwriting decisions for VA and FHA loans.


The trended data info included in the credit report is a major shift for the industry!

We advise you to read this information and familiarize yourself with the upcoming changes, expected June 25, 2016.