The HUD Office of the Inspector General issued two audit reports Thursday examining the loss mitigation options that loan servicers provided to borrowers with FHA-insured loans after their COVID-19 forbearance ended.
Category: News and Trends
A Bargain in Housing: Mortgage Bonds Yielding 5%
Barron’s, June 15, 2023-Andrew BaryThe U.S. mortgage securities market is enormous at $8 trillion, but it gets little attention from investors. That’s a mistake because yields on mortgage securities, now …
FHFA Issues 2022 Report to Congress
The Federal Housing Finance Agency released its 2022 Report to Congress Thursday.
Dealmaker: Eastern Union Secures $49.5M Construction Loan
Eastern Union’s Mid-Atlantic Group, Bethesda, Md., recently announced it secured $49.5 million in a construction loan provided to New York-based Hillcrest Acquisitions in support of a planned multifamily complex in Madison, Ala.
MBA Education Names Rodrigo Lopez, CMB, to Head the Commercial/Multifamily Future Leaders Program
MBA Education announced Rodrigo Lopez, CMB, Chairman of AmeriSphere Companies and MBA’s 2017 Chairman, will lead its Commercial/Multifamily Future Leaders Program beginning October 17, 2023.
MBA Human Resources Symposium September 6-7
MBA’s 2023 Human Resources Symposium is back in-person at the Hilton Arlington, Va.
Critical Defect Rate Drops in Q4 2022, ACES Finds
ACES Quality Management, Denver, found the overall critical defect rate declined to 1.84% in Q4 2022.
Fitch: RMBS Servicers Focus on Struggling Borrowers; Delinquencies Remain Flat
Servicers continued to work with struggling homeowners to avoid loan default as delinquent loans remained flat in late 2022, according to Fitch Ratings’ fourth-quarter U.S. RMBS Servicer Metric Report.
Dive Deep into Mortgage Company Benchmarking June 21-22
Join MBA’s Research & Economics team online for a deep dive behind the data during our one-of-a-kind Single-Family Research & Economics Showcase. Led by MBA Chief Economist Mike Fratantoni, this two-day online event highlights the most current results and insights from our popular residential surveys, forecasts and reports.
Fed Keeps Rates Steady But Options Open
The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.