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MBA: Share of Mortgage Loans in Forbearance Decreases to 5.20%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 3 basis points to 5.20% of servicers’ portfolio volume as of February 28 from 5.23% the previous week. MBA estimates 2.6 million homeowners are in forbearance plans.
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MBA: February Commercial, Multifamily Mortgage Delinquency Rates Decrease
Delinquency rates for mortgages backed by commercial and multifamily properties decreased in February, as the COVID-19 pandemic’s impact on commercial and multifamily mortgage performance continues to vary by the different types of commercial real estate, the Mortgage Bankers Association reported Thursday.
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CFPB Proposes Delay of QM Final Rule Mandatory Compliance Date to Oct. 2022
The Consumer Financial Protection Bureau on Wednesday issued a notice of proposed rulemaking to delay the mandatory compliance date of the General Qualified Mortgage final rule by more than a year, from July 1 to Oct. 1, 2022.
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2020 Mortgage Delinquencies See Record Highs—and Record Lows
CoreLogic, Irvine, Calif., said its year-end Loan Performance Insights Report showed overall mortgage delinquency rates fell for the fourth straight month in December, ending a volatile year with signs of recovery.