“There was a sharp drop in the share of Ginnie Mae loans in forbearance, and an offsetting increase in the share of portfolio loans in forbearance. These buyouts enable servicers to stop advancing principal and interest payments, and work with borrowers to begin paying again before they are resecuritized into Ginnie Mae pools.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
Last week, the Biden administration announced a series of actions intended to boost the supply of affordable housing and supplement the larger-scale initiatives of the administration’s “Build Back Better” agenda. The announcement noted the long-standing gap between the supply of and demand for affordable housing – for both homeowners and renters.
Alterra Home Loans LLC, Las Vegas, promoted Marc Hernandez to president, responsible for sales, operations and marketing.
Home price appreciation continued to accelerate in the second quarter, driven by robust housing demand, which continues to outpace the supply of homes for sale. Some prospective home buyers have taken out larger loans, while others, such as first-time homebuyers or those looking for less expensive homes, have been priced out of the market.
MBA CONVERGENCE presents the next in its Webinar Series, Mayors and Affordable Housing: Perspective from City Hall, on Thursday, Sept. 16 from 1:30-2:15 p.m. ET.
On June 30, the Federal Financial Institutions Examination Council issued a new booklet. We identified critical guidelines from the new booklet that will introduce fresh challenges to your financial institution.
Speaking proposals are now being accepted for the Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022, taking place February 22-25 in Orlando, Fla.
U.S. employers added 235,000 jobs in August—considerably below July’s massive 1.05 million job gain—as the economy struggled to hold momentum amid rising Delta variant coronavirus cases, the Bureau of Labor Statistics reported Friday.
Last week, the Biden administration announced a series of actions intended to boost the supply of affordable housing and supplement the larger-scale initiatives of the administration’s “Build Back Better” agenda. The announcement noted the long-standing gap between the supply of and demand for affordable housing – for both homeowners and renters.
The Mortgage Bankers Association’s Path to Diversity Scholarship Program recently gained an important partner in U.S. Mortgage Insurers, Washington, D.C. MBA NewsLink spoke with Lindsey Johnson, President of USMI, on how the company became involved with the Path to Diversity Scholarship Program.
