The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.27% as of July 31, 2024.
Category: News and Trends
Sponsored by First American: AVMs Take Center Stage as New Rules Spotlight Performance
New federal guidelines and changes in methodology testing are giving AVMs more attention. Learn how companies must comply with these new guidelines.
Redfin: Existing-Home Sales See Lowest July on Record Going Back to 2012
Redfin, Seattle, reported existing-home sales rose 0.6% month-over-month in July but fell 2% year-over-year to just 4,094,991–the lowest July on records going back to 2012.
MBA: Commercial/Multifamily Borrowing Increased 3% in the Second Quarter
Commercial and multifamily mortgage loan originations increased 3% in the second quarter compared to a year ago and increased 27% from the first quarter, according to MBA’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Quote: Aug. 20, 2024
“July saw an increase of approximately 20,000 more U.S. homeowners in forbearance compared to the previous month.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Industry Briefs, Aug. 20, 2024
Industry briefs from Planet Home Lending, LoanPASS, Kriss Law/Atlantic Closing & Escrow and Informative Research.
(Sponsored) First American: AVMs Take Center Stage as New Rules Spotlight Performance
New federal guidelines and changes in methodology testing are giving AVMs more attention. Learn how companies must comply with these new guidelines.
MBA Chart of the Week: Early-Stage vs. Seriously Delinquent Mortgage Rates
According to the latest results from MBA’s National Delinquency Survey (NDS) released last week, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.97% of all loans outstanding at the end of the second quarter of 2024.
MBA: July New Home Purchase Mortgage Applications Increased 9.4%
The Mortgage Bankers Association Builder Application Survey data for July 2024 shows mortgage applications for new home purchases increased 9.4% compared from a year ago.
HCLTech: An MBA Newslink Premier Member Profile
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)