Commercial/multifamily mortgage debt outstanding increased by $99.5 billion (2.3 percent) in the second quarter, the Mortgage Bankers Association reported in its quarterly Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Category: News and Trends
MBA: August Share of Mortgage Loans in Forbearance Falls to 0.72%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans now in forbearance decreased by 2 basis points from 0.74% of servicers’ portfolio volume in the prior month to 0.72% as of August 31. MBA estimates 360,000 homeowners are in forbearance plans.
Builder Confidence Down 9th Straight Month
Builder sentiment fell for the ninth straight month in September, the National Association of Home Builders reported Monday, amid elevated interest rates, building material supply chain disruptions and high home prices.
A Decade in the Making: KBRA on SFR Trends and Outlook
KBRA, New York, recently published a report, SFR Securitizations: A Decade in the Making, analyzing the sector’s evolution and growth. MBA Newslink interviewed the report’s authors about the factors driving the sector’s growth.
MISMO Releases New Reference Model for Public Comment
MISMO®, the real estate finance industry standards organization, seeks public comment on Version 3.6 of the MISMO Reference Model, which includes new data points and structures related to a number of important industry business, regulatory and investor changes.
Quote
“New home purchase applications were down year-over-year but rebounded in August after four consecutive months of declines, despite higher mortgage rates, declining homebuilder sentiment and looming economic uncertainty.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Jason Doshi of Paymints.io: In the Battle against Margin Compression, Don’t Overlook These Opportunities
While lenders are doing their best to leverage new technology in the battle against cost and inefficiency, for many, the efforts are almost entirely an in-house effort. Considering that production of a mortgage lies in the hands of multiple entities—the lender, perhaps a mortgage broker, the title and closing company, the appraiser and the like—that may well be a mistake.
Sponsored Content from ACES Quality Management: Profit Retention Strategies for Quality Control Operations
Proper quality control reporting can be a compass for lenders in creating efficient and profitable mortgage businesses.
MBA Chart of the Week, Sept. 16, 2022: Home Purchase Applications by Loan Size
The housing market continues to face challenges from economic uncertainty, high home-price growth and volatile mortgage rates. MBA’s Weekly Applications Survey data show that overall mortgage application activity continues to trend lower, as refinances have quickly dried up due to rates rising throughout the year and hitting the 6-percent mark for the first time since 2008.
MBA Accounting & Financial Management Conference in Phoenix Nov. 8-10
The Mortgage Bankers Association’s annual Accounting and Financial Management Conference takes place Nov. 8-10 at the JW Marriott Phoenix Desert Ridge.