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 December 31, 2024.
Category: News and Trends
Quote of the Day
“The continued decline in foreclosure activity throughout 2024 suggests a housing market that may be stabilizing, even as economic uncertainties persist.”
–ATTOM CEO Rob Barber
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.1% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 17, 2025.
Brett Benson from Rocktop Technologies–Maximizing Investor Yields During Rising Mortgage Delinquencies
The uptick in residential mortgage delinquencies from Q3 2023 – Q3 2024 caught the attention of Brett Benson, Co-President and Chief Investment Officer with Rocktop Technologies. MBA NewsLink asked him how mortgage investors can maximize their yields in 2025 if the trend continues.
Operations is at the Center of Disaster Recovery–Deephaven Mortgage’s Sara Stogsdill
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.
MBA Advocacy Update: FHFA Director Nominated; Confirmation Hearing Recaps on Turner, Bessent; FHA Finalizes Loss Mitigation
This week’s top legislative and policy news from the Mortgage Bankers Association.
Dealmaker: Northmarq Brokers $16M Sale of Two San Clemente Hotels
Northmarq’s Newport Beach, Calif. office closed the $15.5 million sale of Seahorse Resort and Villa Del Mar Inn, two hotels located in San Clemente, Calif.
Moody’s: Commercial Real Estate Sees Mixed Results in Q4
Moody’s, New York, released a look at Q4 2024 trends for commercial and multifamily real estate, finding in large part a continuation of trends from past quarters.
FundingShield: Nearly Half of Transactions at Risk
During the fourth quarter, 45.5% of transactions on a $84.1 billion portfolio comprising residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud, according to FundingShield, Newport Beach, Calif.
Milliman: Mortgage Delinquency Risk Increased in Q3
Milliman, Seattle, released its Q3 Milliman Mortgage Default Index for GSE acquisitions, finding that mortgage delinquency risk rose to 2.12% for loans acquired in the third quarter from 2.03% in the second quarter.