Mortgage credit availability increased in April, the Mortgage Bankers Association reported this morning.
Category: News and Trends

MBA: Loans in Forbearance Fall 10th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 11 basis points to 4.36% of servicers’ portfolio volume as of May 2 from 4.47% the prior week–the 10th consecutive week of declines. MBA estimates 2.2 million homeowners are in forbearance plans.

Small Multifamily Market Moving Back to Normal
Arbor, Uniondale, N.Y. said the small multifamily market–properties with fewer than 50 units and mortgages below $7.5 million–broadly improved in early 2021 as the sector begins the path back to normal.

MBA: 1Q Commercial, Multifamily Borrowing Declines 14 Percent
Commercial and multifamily mortgage loan originations decreased 14 percent in the first quarter from a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Dealmaker: Host Hotels Acquires Four Seasons Resort Orlando for $610M
Host Hotels & Resorts, Bethesda, Md., acquired the 444-room Four Seasons Resort Orlando at Walt Disney World for $610 million on April 30.

CoreLogic: Mortgage Delinquency Rates Level Off in February
Despite a small uptick in overall delinquencies, serious delinquencies continued to decrease, CoreLogic, Irvine, Calif., reported this morning.

MBA CONVERGENCE Partner Profile: Ralph Perrey, Tennessee Housing Development Agency
(One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.)

Dave Parker: CFPB’s New Attitude Toward HMDA Fuels Need for Better Tools
As it typically happens with a new presidential administration, there’s a new attitude in Washington toward the housing market. And one of the most significant changes has been the CFPB’s recent decision to roll back flexibility when reporting Home Mortgage Disclosure Act data. But are lenders ready?

MBA: 1Q Mortgage Delinquencies Continue to Drop
The Mortgage Bankers Association on Friday reported the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 6.38 percent of all loans outstanding, seasonally adjusted, at the end of the first quarter.

MBA Advocacy Update May 10, 2021
On Wednesday, Fannie Mae and Freddie Mac published a lender letter and bulletin, respectively, providing more details on the new refinancing option for low-income borrowers announced last week by FHFA. Also last week, FHFA announced finalization of a proposed rule that would require the GSEs to develop resolution plans, or “living wills.”