The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 1 basis point to 4.18% of servicers’ portfolio volume as of May 23 from 4.19% the prior week–the 13th straight weekly decline. MBA estimates 2.1 million homeowners are in forbearance plans.
Category: News and Trends
MISMO President Seth Appleton Receives ‘Rising Star’ Award
MISMO®, the real estate finance industry standards organization, announced its president, Seth Appleton, was named a HousingWire 2021 Rising Star.
Mark P. Dangelo: Purging of Underperforming Innovation Firms Is Accelerating
As banking, mortgage and financial services look to remain innovatively different, the quest to “do something” that leverages their people, processes and partners is creating a dystopia during a period of profitability for many leaders unfamiliar with rapid innovations taking place across their markets and offerings.
MBA Weekly Applications Survey June 2, 2021: Index at 15-Month Low
Mortgage applications fell again last week, hamstrung by lack of housing inventory and rising prices, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 28.
As Hurricane Season Starts, 31 Million Homes ID’d as ‘High-Risk’
Yesterday (June 1) marked the start of the 2021 hurricane season. The National Oceanic and Atmospheric Administration projected another “above-normal” season, with as many as 20 named storms, 6-10 hurricanes and 3-5 major hurricanes (Category 3 or higher).
MBA: Share of Mortgage Loans in Forbearance Falls 13th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 1 basis point to 4.18% of servicers’ portfolio volume as of May 23 from 4.19% the prior week–the 13th straight weekly decline. MBA estimates 2.1 million homeowners are in forbearance plans.
CRE Price Growth Starts Second Quarter Strong
U.S. commercial property prices started the second quarter with healthy growth.
MISMO President Seth Appleton Receives ‘Rising Star’ Award
MISMO®, the real estate finance industry standards organization, announced its president, Seth Appleton, was named a HousingWire 2021 Rising Star.
Dealmaker: Berkadia Arranges $94M for Industrial, Multifamily
Berkadia secured financing totaling $94.2 million for industrial and multifamily assets in Arizona and Indiana.
Mark P. Dangelo: Purging of Underperforming Innovation Firms Is Accelerating
As banking, mortgage and financial services look to remain innovatively different, the quest to “do something” that leverages their people, processes and partners is creating a dystopia during a period of profitability for many leaders unfamiliar with rapid innovations taking place across their markets and offerings.