“With declines in the share of loans in forbearance across the board, the data this week align well with the positive news from October’s jobs report, which showed a gain of more than 900,000 private sector jobs and a 1 percentage point decrease in the unemployment rate. A recovering job market, coupled with a strong housing market, is providing the support needed for many homeowners to get back on their feet.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 16 basis points to 5.67% of servicers’ portfolio volume as of Nov. 1, from 5.83% the prior week. MBA now estimates 2.8 million homeowners are in forbearance plans.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 16 basis points to 5.67% of servicers’ portfolio volume as of Nov. 1, from 5.83% the prior week. MBA now estimates 2.8 million homeowners are in forbearance plans.
“Unlike the last crisis, the housing market, your companies and our industry are at the forefront of the recovery. Your companies and your customers are the engine that will power America back to brighter days.”
–MBA President & CEO Robert Broeksmit, CMB, speaking yesterday at the virtual MBA Regulatory Compliance Conference.
MBA continues to closely monitor the results of our national elections and will provide a more thorough analysis as remaining details are finalized. In addition, MBA is closely tracking three California ballot initiatives that impact the real estate finance industry.
Commercial and multifamily mortgage origination volumes tend to move nearly in lockstep with property sales activity. With the onset of the COVID-19 pandemic, both tumbled, but with some important caveats.
Trevor Gauthier is CEO of ACES Quality Management, formerly known as ACES Risk Management (ARMCO). He has more than 20 years of executive experience in leading growth initiatives for tech organizations and building teams both organically and through acquisition.
The digitization process has accelerated as mortgage professionals seek ways to efficiently meet the high demand for both purchase and refinance applications.
So, just how do architects, stakeholders, product owners, designers and users better interact with a mortgage software engineer? The first step is to understand what an engineer is and does.
Selling and delivering as a business partner in today’s market, with Nationwide Title Clearing VP of Sales & Marketing, Danny Byrnes.
