“The share of loans in forbearance continued to decrease last week, dropping below 3 percent for the first time since March 2020. However, there was a slight increase in the forbearance share for Ginnie Mae loans, and this increase
was seen for both depository and IMB servicers.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
The MBA Opens Doors Foundation announced it received $3.2 million in corporate and individual donations during its first two days of the FY 2022 fundraising campaign, September 8-9.
In this week’s MBA Chart of the Week, we analyze Optimal Blue single-family, 30-year fixed mortgage rate origination loan data from January 2020 through August 2021. We further group loans in the chart by the spread between their reported note rate and the (monthly average of the) Freddie Mac Primary Mortgage Market Survey rates to approximate the APR-APOR spread.
Kim Betancourt is Fannie Mae’s Senior Director of Economics and Multifamily Research. She manages a team of real estate economists that focus exclusively on the multifamily sector.
mPowering You, MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 16 at the San Diego Convention Center just ahead of the MBA Annual Convention & Expo (Oct. 17-20).
With the effects of the pandemic now stretching into a second year, many mortgage companies are beginning to feel the pressure to have employees return to the office. However, while returning may seem like the right move on the surface, it is important to consider the reasoning behind this decision and whether it is completely necessary.
Data is the “dark matter” of M&A events. Data is made even more important with widespread digital transformations of processes, predictive analytics, and advanced machine learning. During an M&A event, the cascading challenges to leverage these siloed data innovations across Industry 4.0 ecosystems requires a framework that moves beyond the prescriptive, one-size-fits-all strategy.
The national vacancy rate for Low-Income Housing Tax Credit-supported affordable housing dipped 0.1 percent in the second quarter to 2.5 percent, said Moody’s Analytics REIS, New York.
The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to tenant protections the agency imposed during the pandemic.
Discover five common scenarios in mortgage lending to help your enterprise get started with machine learning.
