The Consumer Financial Protection Bureau and the Department of Justice on Monday issued two joint letters Monday on legal housing protections for military families.
Category: News and Trends
MBA Loan Monitoring Survey: Mortgage Loans in Forbearance Fall to 1.67%
The Mortgage Bankers Association’s new monthly Loan Monitoring Survey reported loans now in forbearance decreased by 39 basis points to 1.67% of servicers’ portfolio volume as of November 30 from 2.06% in October. MBA estimates 835,000 homeowners remain in forbearance plans.
People in the News Dec. 21, 2021: MBA’s Bill Killmer, Tallman Johnson Named ‘Top Lobbyists’
MBA Senior Vice President of Legislative and Political Affairs Bill Killmer and MBA Associate Vice President of Legislative Affairs Tallman Johnson were named to The Hill’s annual list of “Top Lobbyists” for 2021.
MBA Independent Mortgage Bankers Conference in Nashville Jan. 24-27
The Mortgage Bankers Association’s Independent Mortgage Bankers Conference 2022 takes place Jan. 24-27 in Nashville, Tenn.
Housing Market Roundup: Dec. 21, 2021
So many reports, so little time. Here’s a roundup of recent housing market reports that came across the MBA NewsLink desk:
Quote
“The share of loans in forbearance in November declined – albeit at a slower pace than October – as borrowers continued to near the expiration of their forbearance plans and moved into permanent loan workout solutions.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA Advocacy Update Dec. 20, 2021
On Tuesday, President Joe Biden nominated Acting Director Sandra L. Thompson to permanently lead the Federal Housing Finance Agency, and the Senate confirmed Alanna McCargo to serve as President of Ginnie Mae.
Industry Briefs Dec. 20, 2021: Clear Capital Launches ClearPhoto
Clear Capital, Reno, Nev., launched ClearPhoto, a set of AI-driven rules built into ClearCollateral Review, automating the review of property photos and ensuring they are aligned with the appraisal data and sketch.
MBA Chart of the Week Dec. 17 2021: Federal Reserve Dot Plots
This week’s MBA Chart of the Week traces the Federal Open Market Committee forecasts and long-run estimates of four key metrics that contribute to Fed decision-making and communication – GDP, inflation, unemployment and the Fed funds rate.
Tom Price of Incenter on Why Climate Change Should Be a Top Mortgage Banking Priority
Thomas (Tom) Price is President of Incenter Insurance Solutions, Fort Washington, Pa.