The Federal Housing Administration on Friday said its Mutual Mortgage Insurance Fund capital ratio ended fiscal year 2020 at 6.1 percent, well above its congressionally mandated 2.0 percent capital ratio to its highest level since 2007.
Category: News and Trends
MBA Chart of the Week: Percentage of Cumulative Weekly Forbearance Exits by Reason
According to the latest edition of MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance dropped to 5.67 percent of servicers’ portfolio volume as of November 1 — well below its peak of 8.55 percent as of June 7.
Scott Roller: Mortgage Vendor News & Views (November)
This major trend continues – banks and lenders sticking to their core competencies and seeking strategic vendor partners for the non-core – via technology and outsourcing. The low rate ‘feeding frenzy’ will come to an abrupt end, we just don’t know when. Still yet, we are starting to see financial institutions give more focus to the bottom line – cost cutting. Engaging third-party vendors is often a first consideration, reducing fixed costs.
MAA Post-Election Update Nov. 19
The MBA Mortgage Action Alliance Post-Election Update, taking place Thursday, Nov. 19 from 2:00-3:00 p.m. ET, provides MAA members (and prospective MAA members) with a briefing on election results to date and the anticipated impacts on the industry.
People in the News Nov. 17, 2020
Fannie Mae, Washington, D.C., announced Sheila C. Bair will succeed Jonathan Plutzik as Chair of Fannie Mae’s Board of Directors, effective November 20. The Board unanimously passed a resolution appointing her Chair on October 28. Plutzik will remain on the Board of Directors.
FHA 2020 Actuarial Report: MMI Fund Capital Ratio at 13-Year High
The Federal Housing Administration today said its Mutual Mortgage Insurance Fund capital ratio ended fiscal year 2020 at 6.1 percent, well above its congressionally mandated 2.0 percent capital ratio to its highest level since 2007.
Pandemic Reaching Office Market
The next 18 months could be a difficult period for the office sector, said Moody’s Analytics REIS, New York.
MBA Chart of the Week: Percentage of Cumulative Weekly Forbearance Exits by Reason
According to the latest edition of MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance dropped to 5.67 percent of servicers’ portfolio volume as of November 1 — well below its peak of 8.55 percent as of June 7.
Dealmaker: George Smith Partners Secures $51M for Mixed-Use, Multifamily
George Smith Partners, Los Angeles, arranged $50.8 million for mixed-use and multifamily assets in California.
Housing Market Roundup Nov. 16, 2020
Redfin, Seattle, said popular second-home destinations including the Jersey Shore, Cape Cod, Lake Tahoe, Palm Springs and Bend, Ore., are heating up and becoming full-time residences for homebuyers who have the luxury of working remotely.