The Federal Housing Finance Agency on Monday published a final rule that requires Fannie Mae and Freddie Mac to develop credible resolution plans, also known as “living wills.”
Category: News and Trends
Black Knight: Delinquencies at Record Low: MBA to Release National Delinquency Survey Friday
Ahead of this Friday’s release of the Mortgage Bankers Association’s 1st Quarter National Delinquency Survey, Black Knight, Jacksonville, Fla., said just 217,000 homeowners became past due on their mortgages in March, the lowest such delinquency inflow of any month on record.
Dealmaker: Sunstone Hotel Investors Acquires Montage Healdsburg Resort For $265M
Sunstone Hotel Investors, Irvine, Calif., acquired the 130-room Montage Healdsburg resort in northern California for $265 million.
Share of Mortgage Loans in Forbearance Down 9th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 2 basis points to 4.47% of servicers’ portfolio volume as of April 25 from 4.49% in the prior week, the ninth straight weekly decrease. MBA estimates 2.23 million homeowners are in forbearance plans.
Tai Christensen of CBC Mortgage Agency: Black Homeowner Equity Takes Big Step in Right Direction
Tai Christensen is the Diversity, Equity and Inclusion Officer and the Director of Government Affairs for CBC Mortgage Agency, a national down payment assistance provider, and has 17 years of experience in the mortgage industry.
MBA: April Commercial/Multifamily Mortgage Delinquencies Decline
Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in April, reaching the lowest level since the onset of the COVID-19 pandemic, the Mortgage Bankers Association’s latest monthly CREF Loan Performance Survey reported.
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“The rate of exits has slowed the past two weeks, with this week’s exit rate reaching the lowest since February…We expect that further gains in hiring will help to support many homeowners as they exit forbearance in the months ahead.”
–MBA Chief Economist Mike Fratantoni.
MBA Chart of the Week May 3, 2021: Relative GDP Levels
The pace of economic growth, as measured by gross domestic product in the first quarter, picked up to a 6.4 percent annualized rate – the biggest first-quarter increase since 1984.
Cam Melchiorre: Rapid Rental Relief: The Problem and The Solution
It is imperative for technology providers to help navigate the way through the process that could, if not addressed, destabilize the housing industry.
People in the News May 4, 2021
The Mortgage Bankers Association’s Lisa J. Haynes and Charmaine Brown were recently recognized as leaders in diversity, equity and inclusion at the National Diversity Council’s four-day, virtual National Diversity & Leadership Conference, held this month.