The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans in forbearance decreased 7 basis points to 7.67% of servicers’ portfolio volume as of July 26 from 7.74% in the prior week.
Category: News and Trends
MBANow: MBA SVP Mike Flood Discusses Rental Assistance
Mortgage Bankers Association Senior Vice President of Commercial/Multifamily Mike Flood joined MBANow to discuss the CARES Act’s unemployment benefits and rental assistance.
MBA: Share of Mortgage Loans in Forbearance Decreases for Seventh Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans in forbearance decreased 7 basis points to 7.67% of servicers’ portfolio volume as of July 26 from 7.74% in the prior week.
MBA: Share of Mortgage Loans in Forbearance Decreases for Seventh Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans in forbearance decreased 7 basis points to 7.67% of servicers’ portfolio volume as of July 26 from 7.74% in the prior week.
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“As the crisis deepened, it seemed like a game of whack-a mole; every day there was something else that might prevent real estate finance from continuing. From appraisers being leery of setting foot into strangers’ homes and people not wanting strangers in their homes to county courthouses closing to an inability to verify employment, all the very basic parts of lending.”
–MBA President & CEO Robert Broeksmit, CMB, discussing the state of the real estate finance industry during a recent ‘Walker Webcast.’
LIBOR to SOFR Transition Questions With Reena Pally From MetLife
MBA NewsLink interviewed Reena Pally, Managing Director of Real Estate Debt Strategies with MetLife Investment Management, about the transition away from LIBOR to a successor index for floating-rate loans.
The 2020 Census: Easy, Safe and Important
Counting everyone who lives in the United States, the 2020 Census is happening now with 92.2 million households or more than 62 percent of the country having already responded. But the 2020 Census is not finished. The Census Bureau is done when the country achieves a complete and accurate count.
Dealmaker: Dekel Capital Secures $35M in Debt, Equity for Las Vegas Office
Dekel Capital, Los Angeles, secured $35 million in debt and equity for Moonwater Capital’s acquisition of the NV Energy Pearson Building in Las Vegas.
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“The job market has cooled somewhat over the past few weeks, with layoffs increasing and other indications that the economic rebound may be losing some steam because of the rising COVID-19 cases throughout the country.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni.
Christopher Bennett: 2020’s Unprecedented Growth Requires Counterintuitive Thinking
As COVID-19 continues to affect the mortgage industry, lenders are realizing that conducting business as usual may not be possible or plausible. For a lender’s growth to reach new and different heights in 2020, new and different business practices, such as working with a hedge advisory firm, are required.