Enterprise Housing Credit Investments, Columbia, Md., closed a $295.5 million multi-investor Low-Income Housing Tax Credit fund to support the creation of 2,657 housing units, most of which will be affordable, across 30 properties in 16 states.
Category: News and Trends
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“Nearly two-thirds of borrowers who exited forbearance remained current on their payments, repaid their forborne payments or moved into a payment deferral plan. All of these borrowers have been able to resume – or continue – their pre-pandemic monthly payments.”
–MBA Chief Economist Mike Fratantoni.
MBA: Share of Mortgage Loans in Forbearance Drops to 6.32%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 49 basis points to 6.32% of servicers’ portfolio volume in the prior week as of October 4 from 6.81% the previous week. MBA estimates 3.2 million homeowners are in forbearance plans.
MBA Annual20 General Sessions: Updates from FHFA Director Mark Calabria, CFPB Director Kathy Kraninger
MBA is pleased to announce that Federal Housing Finance Agency Director Mark Calabria and Consumer Financial Protection Bureau Director Kathy Kraninger will take the virtual stage at MBA Annual20. Calabria will deliver his remarks live on Monday, October 19 at 2:30 p.m. ET. On Tuesday, October 20 at 1:00 p.m. ET, hear a live interview with Kraninger, moderated by MBA 2021 Chairman Susan Stewart.
Join the Radian Everyday Heroes Challenge, Benefiting the MBA Opens Doors Foundation
This year, as part of the MBA Annual Convention & Expo and ConcertMBA, Radian has launched the Radian Everyday Heroes Challenge, which celebrates the heroes among us who are making a positive impact, while also supporting the MBA Opens Doors Foundation.
What to Expect When Expecting Distress: A Servicer Roundtable
As COVID-19 and government responses continue to drive uncertainty around outcomes and outlooks, MBA Newslink interviewed senior professionals from a credit rating agency and several highly rated servicers to get their perspective on forbearance, loan workouts and portfolio management challenges for agency and non-agency CMBS.
MBA Advocacy Update Oct. 12, 2020
On Monday, MBA submitted comments to the Federal Housing Finance Agency in response to its Strategic Plan for Fiscal Years 2021-2024. The Strategic Plan includes several important reforms to the market conduct of the GSEs. And on Wednesday, the Consumer Financial Protection Bureau released new guidance on RESPA and marketing services agreements.
MBA Chart of the Week: Home Purchase Activity by Loan Size
This week’s MBA Chart of the Week highlights the year-over-year growth in purchase applications broken down by loan size tiers from 2018 to 2020.
MBA Premier Member Profile: Seyfarth Shaw LLP
With more than 900 lawyers across 17 offices, Seyfarth Shaw LLP provides transactional, advisory and litigation legal services to clients worldwide.
Sponsored Content from Nomis Solutions: What Are Mortgage Shoppers Looking for in 2020 and Beyond?
We focused on the importance of pricing along the customer journey: during the hunt for a loan, when comparing lenders before completing an application, and (given the ease of comparing prices online these days) whether consumers continue to shop once their application is underway. From this, we identified five insights that will guide lenders as they evolve and enhance their pricing capabilities.