BREAKING NEWS
Applications Increase in MBA Weekly Survey
Interest rates fell again last week, and homebuyers took advantage across the board, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending December 11.
It’s that time of the year, folks, when prognosticators dust off their crystal balls, consult the oracles and offer their predictions for the coming year. Redfin, Seattle, kicks things off with a bold prediction: after nearly a year of the devastating effects of the coronavirus, more people will relocate in 2021 than in the previous decade.
The Mortgage Bankers Association announced its grassroots advocacy arm, the Mortgage Action Alliance, reached a record-setting milestone of more than 70,000 active members nationwide.
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More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.
CoreLogic, Irvine, Calif., said single-family rent growth increased in October, outpacing their previous-year growth rate for the first time since the pandemic started.
The Federal Housing Finance Agency’s latest report on sale of non-performing loans by Fannie Mae and Freddie Mac showed of loans one or more years delinquent held in the Enterprises’ portfolios decreased by 70 percent.
Founded in 2008, LBA Ware™, Macon, Ga., is the leading provider of automated incentive compensation management and business intelligence software for mortgage lenders. Our suite of solutions helps mortgage lenders reach new heights with software that integrates data, incentivizes performance and inspires results.
KeyBank Real Estate Capital, Cleveland, secured $81.6 million in financing for healthcare and apartment assets in New York and Arizona.
By maintaining a prudent hedging strategy constructed using mortgage-backed securities, mortgage lenders can match market movement on the value of borrower locks to the market in which the locks were taken.
While most will be monitoring increased infections and the progress of vaccine distribution and effectiveness, loan servicing and asset management professionals will have some additional factors impacting their organizations and books of business in the new year
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased to 5.48% of servicers’ portfolio volume as of December 6 from 5.54% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
The Mortgage Bankers Association’s Builder Application Survey data for November show mortgage applications for new home purchases fell by 16 percent from October but jumped by 34.7 percent from a year ago.
