Share of Mortgage Loans in Forbearance Unchanged at 3.25%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance remained unchanged at 3.25% as of August 22. MBA estimates 1.6 million homeowners are in forbearance plans.
MBA Statement on The Markup’s ‘Flawed Analysis’ of Mortgage Lending
The Mortgage Bankers Association on Wednesday released the following statement regarding a report by The Markup, an investigative journalism group, on its “flawed analysis” of mortgage lending:
MBA, Trade Groups Ask HUD for ‘Consistent’ Re-Codification of Disparate Impact Proposed Rule
The Mortgage Bankers Association, the American Bankers Association, the Consumer Bankers Association and the Independent Community Bankers of America asked HUD to ensure it codifies a standard of disparate impact that is fully consistent with Supreme Court precedent and implements the Fair Housing Act’s requirements with a clear legal framework to address unlawful discrimination.
MBA Chart of the Week Aug. 30 2021: IMB Net Production Profit & Purchase Share
In this week’s MBA Chart of the Week, we look at net production profit in basis points, relative to the purchase share of total first mortgage originations by dollar volume over a five-year time span – second quarter 2016 through second quarter 2021.
