The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance declined slightly to 0.21% as of May 31, 2024.
Category: News and Trends
ACES Quality Management Sponsored Content: Revenue Retention Requires Rigorous QC, Compliance Adherence
Learn how lenders are managing loan quality and maintaining compliance amid new Fannie Mae policies and compliance challenges.
Certified Mortgage Compliance Professional (CMCP) Designation
MBA offers the only certification and designation program geared exclusively toward compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP) Certification and Designation program.
Celebrating National Homeownership Month: MBA’s Commitment to Affordable Housing and Generational Wealth
The Mortgage Bankers Association’s Affordable Homeownership Advisory Council is celebrating National Homeownership Month by highlighting our mission to expand the supply of affordable housing, close the minority homeownership gap and promote sustainable generational wealth.
Quote: June 25, 2024
“The performance of servicing portfolios in May was solid, with about 96% of borrowers making their mortgage payments on time.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Point2: Amid Build-to-Rent Boom, California Sees Most Luxury Options
Point2, Saskatoon, Saskatchewan, released an analysis finding that five of the top 10 cities with the highest shares of luxury houses for rent are in California
Chart of the Week: Annual Cost of Servicing Performing and Non-Performing Loans
Based on the most recent completed study cycle, fully-loaded servicing costs remained flat relative to the previous year at an average of $237 per loan. But that only tells part of the story.
Non-QM: To QC or Not to QC? Pamela Hamrick from Incenter Diligence Solutions
Late last summer, Fannie Mae’s pre-funding quality control review requirements for agency loans caught the attention of an unexpected mortgage industry segment: Non-QM/Non-Agency loan originators. MBA NewsLink asked Pamela Hamrick, President of Incenter Diligence Solutions, to explain.
ACES Quality Management: Revenue Retention Requires Rigorous QC, Compliance Adherence (Sponsored Content)
Learn how lenders are managing loan quality and maintaining compliance amid new Fannie Mae policies and compliance challenges.
MBA Advocacy Update: FHFA Gives Conditional Approval of Freddie Mac’s Proposal to Purchase Single-Family Closed-End Second Mortgages
This week’s top legislative and policy news from the Mortgage Bankers Association.