The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 5.54% of servicers’ portfolio volume as of November 22, 2020 from 5.48% the prior week. MBA estimates 2.8 million homeowners are in forbearance plans.
Category: News and Trends
MBA Spring Conference & Expo Apr. 20-22
The Mortgage Bankers Association announced it combined all of its signature spring conferences into a single Spring Conference & Expo, taking place via MBA LIVE from Apr. 20-22.
Deep End of the CMBS Pool: A Conversation with KBRA Analysts
KBRA just released its 2021 Sector Outlook: CMBS: Slow and Steady report. As the real estate finance industry grapples with increased infection rates approaching the holiday season and how to think about 2021, MBA NewsLink sat down with KBRA’s Patrick McQuinn and Sacheen Shah to get their insights.
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“For the second week in a row, the share of loans in forbearance has increased, driven by a rise in new forbearance requests and another slowdown in the pace of forbearance exits. The increase was across all loan and servicer types. Even GSE loans, which had previously declined for 24 straight weeks, saw an increase last week.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
FHFA Holds 2021 Deemed-Issuance Ratio for UMBS at 60/40
The Federal Housing Finance Agency announced the deemed-issuance ratio for the 2021 calendar year in accordance with Internal Revenue Service guidelines on trading of the Uniform Mortgage-Backed Security will remain unchanged in 2021 at 60 percent Fannie Mae and 40 percent Freddie Mac.
Industry Briefs Dec. 2, 2020
Fitch Ratings, Chicago, said while the ongoing coronavirus pandemic has negatively impacted the broader economy, the title insurance industry remains positioned for favorable margins with positive housing and mortgage market fundamentals heading into 2021.
MBA State of the Association TODAY
The Mortgage Bankers Association’s annual State of the Association takes place Wednesday, Dec. 2 from 3:00-4:00 p.m. ET.
Sponsored Content from ServiceLink: Selecting an AMC for Today’s Market
Looking to work with an AMC partner? Here are some areas to consider as you make your choice.
Participate in MBA/STRATMOR 2021 Peer Group Roundtables
Is your company flying blind with incomplete or incomparable data to support key business decisions? Consider joining an elite group of 100+ lenders this spring that participate in the MBA and STRATMOR Peer Group Roundtables (PGR).
October Pending Home Sales Dip 1.1%
October pending home sales fell for the second straight month but continued to run well ahead of its pace from a year ago, the National Association of Realtors reported yesterday.