The Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding report found commercial and multifamily mortgage debt outstanding rose by $43.6 billion (1.2 percent) in the second quarter.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 6.87% of servicers’ portfolio volume as of September 20, from 6.93% the prior week. MBA estimates 3.4 million homeowners remain in forbearance plans.
MISMO®, the mortgage industry standards organization, today announced that its successful Taxpayer Consent Language is approved as a new standard.
On September 17, the Research Institute for Housing America, MBA’s think tank, released a special report on housing-related financial distress during the second quarter – the first three months of the pandemic in the U.S.