The Federal Housing Finance Agency, citing “recent market events,” announced it will re-propose updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers.
Category: News and Trends
Home Report: Demand Higher than Before Pandemic; So is Stress Amid Falling Inventories, Lingering COVID Concerns
Reports from Redfin, Seattle, and Clever Real Estate, St. Louis, illustrate the lingering effects of the coronavirus on the home-buying process—and the current state of home-buying demand.
MBA: May New Home Purchase Mortgage Applications Up 26% from April; Up 11 Percent from Year Ago
New home activity showed signs of improvement in May as the Mortgage Bankers Association’s Builder Applications Survey saw increases in activity from April and a year ago.
Office, Industrial Broker Sentiment Improves Slightly
Industrial and office sector brokers reported slightly improved market confidence in May.
David Upbin of MBA Education on Staying Ahead of the Curve
David Upbin is Vice President of Education Operations and Programming & MBA Strategy with the Mortgage Bankers Association. He joined MBA in 2013 and is responsible for financial management, operations, delivery and programming of MBA Education’s suite of training products and events.
Dealmaker: Hunt Real Estate Capital Provides $67M In Fannie Mae, Freddie Mac Funds
Hunt Real Estate Capital, New York, provided $67 million in Fannie Mae and Freddie Mac funds for four apartment properties in the southeastern U.S. Hunt closed three Fannie Mae multifamily …
MBA: Share of Mortgage Loans in Forbearance Levels Out at 8.55%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Levels Out at 8.55%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans.
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“Half of the servicers in our sample saw the forbearance share decline for at least one investor category. Although there continues to be layoffs, the job market does appear to be improving, and this is likely leading to many borrowers in forbearance deciding to opt out of their plan.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
MISMO Looks to Standardize Data Used to Guide Borrower Outreach
MISMO®, the mortgage industry standards organization, said it will evaluate the need for standards to facilitate early identification of loans that may become delinquent or be in distress.