According to the latest MBA National Delinquency Survey, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.88 percent of all loans outstanding at the end of the fourth quarter.
Category: News and Trends
MBA Advocacy Update: House Trigger Leads Bill Introduced; Broeksmit Defends IMBs; MBA Letters to FCC and FTC
This week’s top legislative and policy news from the Mortgage Bankers Association.
People in the News, Feb. 13, 2024
Personnel news from Dark Matter, Fairway Independent Mortgage, Mortgage Cadence, Rocket Cos. and Click n’ Close.
Quote: Feb. 12, 2024
“There was a slight increase in credit availability in January, driven by a greater number of conventional loan program offerings. However, overall credit availability remained close to 2012 lows, and the conventional index was close to its record low in the series dating back to 2011.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Faith Schwartz and Stuart Quinn From Housing Finance Strategies: Delivering Support Through Homeowners Assistance Fund
Nearly three years after the Homeowners Assistance Fund was created, Faith Schwartz and Stuart Quinn from Housing Finance Strategies take stock of the different programs and where dollars were leveraged to address hardship during the pandemic and after.
MBA Releases Statement on IMBs Following Congressional Hearings on FSOC’s Annual Report to Congress
MBA’s President and CEO Bob Broeksmit, CMB, released a statement in response to commentary made on independent mortgage banks during last week’s Congressional hearings on the Financial Stability Oversight Council’s Annual Report to Congress.
Mortgage Action Alliance Call to Action–Urge Elected Officials to Cosponsor H.R. 7297 & S. 3502
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action on Thursday, encouraging readers to urge their members of Congress to cosponsor H.R. 7297 and S. 3502.
Down Payment Resource Study: 135 Homebuyer Assistance Programs Added in 2023
Down Payment Resource, Atlanta, released its Q4 2023 Homeownership Program Index Report, finding there were 135 homebuyer assistance programs introduced throughout the year, during a period when home affordability has been top-of-mind for many.
Deadline Extended: Nominate Someone for an MBA NewsLink Tech All-Star Award
The deadline for the MBA NewsLink 2024 Tech All-Star Awards nomination period has been extended to Feb. 15. There is no entry fee.
MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2023
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of the fourth quarter of 2023, according to the Mortgage Bankers Association’s National Delinquency Survey.