The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased – for the first time since the survey’s inception in March – from 8.55% of servicers’ portfolio volume in the prior week to 8.48% as of June 14.
Category: News and Trends
Industry Briefs June 23, 2020
Black Knight, Jacksonville, Fla., said homeowners in active forbearance fell again last week. Overall, the number of active forbearance plans is down 57,000 from the previous week and 158,000 from the peak the week of May 22.
Real Estate Fund Assets Under Management Exceed $3.5T
Real estate assets under management had a record 2019, according to an industry survey.
Zillow: Homes Will Look Different After Coronavirus
As people spend more time at home during the pandemic, buyers are realizing which features work well under the circumstances and which do not, said Zillow, Seattle.
Dealmaker: Institutional Property Advisors Sells Retail, Multifamily Properties for $102M
Institutional Property Advisors, Ontario, Calif., sold four retail and multifamily properties for a combined $101.6 million.
MBA Education Path to Diversity Scholar Profile: Saket Nigam
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Sherwood Lawrence: Does the LO Have a Future in the Digital Mortgage World?
The digital mortgage revolution doesn’t take sides, but that doesn’t mean there won’t be casualties. The march toward efficient loan transactions will permanently redefine the roles of the mortgage lender and loan officer, radically transforming the entire production line of mortgage origination.
MBA Chart of the Week: Loans in Forbearance as Share of Servicing Portfolio Volume
This week’s chart shows the course of the share of loans in forbearance by investor type over the past three months – from the earliest stages of the COVID-19 pandemic to the most recent reporting.
MBA Data Systems Updates to Take Place June 25-29
Beginning Thursday, June 25, the Mortgage Bankers Association will begin replacing its Association Management System, which will result in some disruptions for MBA members.
Lori Brewer: The Road to Recovery Will be Paved with Data
In a time when everything spells uncertainty, data gives lenders something to hold on to — and a path forward. What performance metrics are most critical for lenders to keep an eye on right now to help their businesses survive the recession and what’s likely to be a protracted recovery?