
Share of Mortgage Loans in Forbearance Decreases Slightly to 0.47% in December
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior month to 0.47% as of Dec. 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans.

MBA Calls on CFPB to Delay Effective Dates of Registry of Nonbank Covered Persons
In light of President Trump’s “Regulatory Freeze Pending Review” executive order issued last week, the Mortgage Bankers Association asked the CFPB to postpone for 60 days the effective compliance dates for entities subject to its Nonbank Registration Regulation issued on June 3, 2024.

Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024, MBA Finds
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s latest commercial real estate finance (CREF) Loan Performance Survey.

ATTOM Reports Foreclosure Activity Declined in 2024
ATTOM, Irvine, Calif., reported foreclosure filings–default notices, scheduled auctions and bank repossessions–were reported on 322,103 U.S. properties in 2024, down 10% from 2023 and down 35% from 2019, before the pandemic shook up the market.

Sara Stogsdill from Deephaven Mortgage: Operations Is at the Center of Disaster Recovery
Deephaven Mortgage’s Sara Stogsdill has been busy since Hurricanes Helene and Milton struck the Southeastern U.S. MBA NewsLink interviewed her about the pivotal role of operations teams in minimizing the financial consequences of these major events.

Chart of the Week: Completed Loan Workouts from 2020 Onward
According to the latest results from MBA’s Monthly Loan Monitoring Survey, approximately 235,000 homeowners are in forbearance plans as of December 31, 2024. This level is substantially lower than the peak of almost 4.3 million homeowners in June 2020 and the 8.5 million borrowers who have been provided forbearance since March 2020.