Mortgage credit availability increased for the third straight month in September to its highest level in five months, the Mortgage Bankers Association reported Tuesday.
Category: News and Trends
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“We continue to expect weakening refinance activity as rates move higher and borrowers see less of a rate incentive.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Share of Mortgage Loans in Forbearance Decreases to 2.62%
Mortgage borrowers exited forbearance at the fastest rate in more than a year, the Mortgage Bankers Association reported Monday.
September Mortgage Credit Availability Up 1.5%
Mortgage credit availability increased for the third straight month in September to its highest level in five months, the Mortgage Bankers Association reported Tuesday.
CoreLogic: Delinquency Rates Approach Pre-Pandemic Levels
CoreLogic, Irvine, Calif., said delinquency rates on all mortgages in the U.S. fell in July to the lowest rates since March, edging closer to pre-pandemic levels.
September CMBS Delinquency, Special Servicing Rates Drop
Fitch Ratings, New York, and Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate continued it steady fall in September.
Stanley Middleman of Freedom Mortgage: Let’s Use What We Learned from Past Housing Mistakes
We must remember to encourage people to buy homes they can afford and educate them on the costs that go with owning a home. That includes advising consumers not to borrow as much money as they possibly can, lest they become “house poor” and miss out on being able to create a more financially secure future for themselves and their families.
Share of Mortgage Loans in Forbearance Decreases to 2.62%
Mortgage borrowers exited forbearance at the fastest rate in more than a year, the Mortgage Bankers Association reported Monday.
Dealmaker: Marcus & Millichap Closes $181M in Industrial, Multifamily Sales
Marcus & Millichap, Calabasas, Calif. closed $180.6 million in Florida and New York industrial and multifamily property sales.
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