Commercial and multifamily mortgage delinquencies declined in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.

As HUD considers changes to its index for FHA-insured adjustable-rate mortgages away from LIBOR, the Mortgage Bankers Association and other industry trade groups urged the Department to issue a clear roadmap for servicers of FHA-insured ARMs, including specification of a replacement comparable index or indices for existing mortgages, as well as guidance on communications with borrowers.

Renters were three times more likely than homeowners to miss payments during September and October, according to updated research released Tuesday by the Mortgage Bankers Association's Research Institute for Housing America.

Zillow, Seattle, said limited supply of for-sale homes is a key reason home prices have risen quickly during the COVID-19 pandemic.

This week’s MBA Chart of the Week shows that the net wealth of the rich, the top 10% of households, increased by 3.2% between 2016 and 2019, while the net worth of the poor, the bottom 30% of households, decreased by 7.6%.