The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed mortgage loans now in forbearance increased to 8.16% of servicers’ portfolio volume in as of May 10, up from 7.91% the previous week.
Category: News and Trends
MBA: Share of Mortgage Loans in Forbearance Increases to 8.16%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed mortgage loans now in forbearance increased to 8.16% of servicers’ portfolio volume in as of May 10, up from 7.91% the previous week.
Dealmaker: Electra Capital Provides $10M in Equity Investments
Electra Capital, Lake Park, Fla., closed nearly $10 million in preferred equity investments for two Texas multifamily communities. In College Station, Electra made a $4 million, 36-month preferred equity investment …
MBA, Trade Groups Ask SEC to Amend Reg AB Disclosure Requirements
The Mortgage Bankers Association and other industry trade groups sent a letter yesterday to the Securities and Exchange Commission, asking it to consider amendments to Reg AB II disclosure requirements that will help to restore the registered segment of the private-label securities market.
Sponsored Content: Intelligent Valuation Portal — Your Rules, Your Evolution
While regulations, state law, and the definition of “essential business” change at a seemingly daily rate, the housing industry is caught in an unpredictable moment of waiting. In response, Connexions – a bank-grade, SaaS financial valuation company – has introduced a solution to help lenders operate effectively and responsibly.
House Passes $3 Trillion COVID-19 Relief Package; MBA Letter Details Industry Priorities
The House on Friday passed a massive $3 trillion pandemic relief bill on Friday that includes several key housing provisions advocated by the Mortgage Bankers Association.
MBA Advocacy Update
Several updates pertaining to COVID-19, along with other industry activities, are included in this week’s communication. Please continue to stay safe during this time, and feel free to reach out to us if you have any questions or if there is anything we can do to be of help.
MBA Chart of the Week: 30-Day Mortgage Delinquency Rate by Region
MBA released its latest National Delinquency Survey for first quarter 2020 earlier this week. At the end of the first quarter, the delinquency rate for mortgage loans on one-to-four-unit residential properties jumped by 59 basis points to a seasonally adjusted rate of 4.36 percent of all loans outstanding.
Paul Fischer of Paradatec on What Mortgage Servicers Can Expect in Months Ahead
Paul Fischer is Director of Professional Services with Paradatec, Cincinnati.
MBA Premier Member Profile: Richey May
Richey May & Co., Englewood, Colo., is an accounting and business consulting firm, focused on the mortgage banking industry. Their diverse offerings include Audit, Tax, Accounting, Business Advisory and Technology Consulting. Founded in 1985, its specialized approach allows it to serve our clients at a high level, with many service leaders holding previous experience at mortgage companies.