"Forbearance is still an option for many distressed homeowners, but in most cases, the requirements to obtain a forbearance will not be as streamlined as they were during the pandemic.” --Marina Walsh, CMB, MBA’s Vice President of Industry Analysis

With interest rates soaring, most lenders are struggling to generate enough profit from originations to sustain business. And when they are incurring losses with each loan originated, many have turned their attention to mortgage servicing rights for extra revenue.

The Community Reinvestment Act was enacted to encourage banks to help meet the credit needs in the communities in which they do business, especially low- and moderate-income communities. Join MBA Education and industry experts on Nov. 28 for an in-depth discussion on the primary changes Agencies made to the NPR in the final regulations.