“Forbearance exits remained low, and there was another increase in new forbearance requests, particularly for Ginnie Mae and portfolio and private-label securities loans. The net result was another slight decline in the share of loans in forbearance.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni.
At the recently concluded MISMO Spring Summit–which set an attendance record for the organization–two related themes emerged during many of the event’s “Going Digital” sessions. Experts throughout the four-day event agreed that technology adoption and data trust are two business challenges that must be solved so the industry can truly “go digital” and realize the benefits that come along with it.
On Tuesday, the Conference of State Bank Supervisors finalized its model state regulatory prudential standards for IMB servicers. Also last week, the House passed a number of Fiscal Year 2022 funding “minibus” bills, including one containing robust funding for HUD. And Thursday, the House Financial Services Committee passed H.R. 4616, a LIBOR transition proposal, by voice vote.
The Federal Housing Finance Agency and the Federal Housing Administration on Friday extended their eviction moratoria through Sept. 30 for foreclosed borrowers and other occupants.
Demand for logistics facilities will likely intensify over the next three years. But limited land supplies and increased pressure for environmental sustainability practices must be addressed to sustain this growth, said JLL, Chicago.
A total of 4,309 companies reported lending activity under the Home Mortgage Disclosure Act in 2020, according to MBA’s own analyses of the dataset.
Staley Point Capital, Los Angeles, and Bain Capital Real Estate, Boston, acquired two industrial assets for $47.3 million.
Good morning! Welcome to the first week of August. While traditionally a “quiet” period here in Washington, as of late that term seems relative. Here are five topics we’re keeping an eye on:
J.D. Power, Troy, Mich., said mortgage servicers earned high levels of customer satisfaction during the pandemic, but warned as loan forbearance programs come to an end and more normalized customer interactions resume, traditional banks are starting to lose their edge over non-bank lenders.
The Mortgage Bankers Association is now accepting speaker proposals for its Independent Mortgage Bankers Conference 2022, taking place January 24-27 in Nashville, Tenn. This annual event is the largest gathering of non-bank mortgage lenders and is purpose-built for the IMB.
