According to the latest MBA National Delinquency Survey, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to 3.62 percent of all loans outstanding at the end of the third quarter of 2023.
Category: News and Trends
Down Payment Resource: Housing Authorities Roll Out New Homebuyer Assistance Programs
Homebuyer assistance program administrators are responding to the mounting home affordability crisis by rapidly rolling out new homebuyer assistance programs and funding buydowns, according to Down Payment Resource, Atlanta.
MBA: Mortgage Delinquencies Increase in the Third Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62% of all loans outstanding at the end of the third quarter of 2023, according to the Mortgage Bankers Association’s National Delinquency Survey.
Quote: Nov. 13, 2023
“The national mortgage delinquency rate increased in the third quarter from the record survey low reached in the second quarter of this year, with an uptick in delinquencies across all loan types–conventional, FHA, and VA.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA Advocacy Update Nov. 13: FSOC Finalizes Nonbank SIFI Designation Interpretive Guidance and Analytical Framework and Other News
This week’s top legislative and policy news from the Mortgage Bankers Association.
Register by Dec. 11 to Save: MBA Independent Mortgage Bankers Conference, Jan. 22-24
Join us in vibrant New Orleans for MBA’s Independent Mortgage Bankers Conference. This is the industry event of the year built for IMBs by IMBs, with a program designed exclusively for the executives and leadership teams of independent mortgage bankers of all sizes and business models. Build lasting and important relationships, hear from other IMBs, and learn meaningful solutions to make an impact for your business.
Planet Home Lending’s Chris Joles: Climate Risk and Impending Alterations in Hazard Insurance and the Subsequent Impact on Mortgage Banking
As extreme weather events become the status quo from the coasts to the heartland, it’s essential to understand their affects on the housing market. Find out how climate conditions are reshaping the market for lenders, investors and homeowners.
White Paper Provides Insight Into Attorney Opinion Letters
The Mortgage Bankers Association recently released a white paper titled “Making the Old New Again: The Resurgence of Attorney Opinion Letters as an Alternative to Title Insurance.”
Institutional Target Allocations to Real Estate Remain Flat for the First Time Since 2013
Institutional target allocations to real estate are flat for the first time in 10 years at 10.8%, finds the 11th annual Institutional Real Estate Allocations Monitor, published by Hodes Weill & Associates and Cornell University’s Baker Program in Real Estate.
Fannie Mae: Record-High 85% of Consumers Call it a Bad Time to Buy a Home; Most Expect Rental Prices to Increase
The Fannie Mae Home Purchase Sentiment Index remained largely flat in October, as consumer frustration toward housing unaffordability and an economy battling inflation continues to depress overall sentiment.