The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey revealed the total number of loans now in forbearance decreased by 7 basis points from 5.90% of servicers’ portfolio volume in the prior week to 5.83% as of October 25, 2020.
Category: News and Trends
MISMO Seeks Comment on New API Toolkit
MISMO, the mortgage industry’s standards organization, released its new MISMO API (application programming interface) Toolkit yesterday for a 60-day member comment period.
Freddie Mac: Most Renters Prioritize Rent Payments Amid Pandemic
Freddie Mac, McLean, Va., reported that overall rental payment performance has remained strong in the face of the pandemic-related economic downturn.
Home Price Appreciation Jumps to Six-Year High
CoreLogic, Irvine, Calif., said home prices increased 6.7% nationally in September 2020 compared with September 2019, the fastest annual acceleration since May 2014.
Dealmaker: Arbor Funds $106M in Freddie Mac, Fannie Mae Loans
Arbor Realty Trust, Uniondale, N.Y., funded $106.3 million in Freddie Mac and Fannie Mae loans for Virginia and Utah multifamily assets.
Commercial, Multifamily Mortgage Delinquencies Decline in October
Delinquency rates for mortgages backed by commercial and multifamily properties declined in October, the Mortgage Bankers Association’s latest monthly CREF Loan Performance Survey reported.
Industry Briefs Nov. 3, 2020
News in brief from SimpleNexus, Black Knight, the Consumer Financial Protection Bureau and TovoData.
Commercial, Multifamily Mortgage Delinquencies Decline in October
Delinquency rates for mortgages backed by commercial and multifamily properties declined in October, the Mortgage Bankers Association’s latest monthly CREF Loan Performance Survey reported.
Share of Mortgage Loans in Forbearance Decreases to 5.83%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey revealed the total number of loans now in forbearance decreased by 7 basis points from 5.90% of servicers’ portfolio volume in the prior week to 5.83% as of October 25, 2020.
MISMO Seeks Comment on New API Toolkit
MISMO, the mortgage industry’s standards organization, released its new MISMO API (application programming interface) Toolkit yesterday for a 60-day member comment period.