BREAKING NEWS
Share of Loans in Forbearance Little Changed at 5.49%
The Mortgage Bankers Association's latest Forbearance and Call Volume Survey showed little movement from the previous week. MBA said loans now in forbearance decreased by 1 basis point to 4.49% of servicers’ portfolio volume as of Apr 18 from 4.50% the prior week.
During the final months of the Trump Administration, the Federal Housing Finance Agency implemented product caps on Fannie Mae and Freddie Mac through their Senior Preferred Stock Purchase Agreements—a move that the Mortgage Bankers Association called “disruptive” for many of its members.
Last year was a challenging one for many reasons. Beyond the global pandemic, there was record growth in cyber threats that affect mortgage companies, analysts said during MBA’s Spring Conference & Expo 21.
This week’s MBA Chart of the Week examines year-over-year growth in purchase loan applications by loan size since 2018.
Matt Hydrew of CreditXpert shares the lending success formula to keep applicants credit- and loan-ready.
Institutional Property Advisors, Calabasas, Calif., closed two retail property sales totaling $34 million.
Tom Pearce has extensive experience in the financial services, asset management, mortgage finance, real estate and private equity arenas. He has worked in the center of the secondary market’s buyer-seller dynamic for more than 30 years.
To deal with the disruption of the COVID-19 pandemic, Freddie Mac Senior Director Benjamin Schweitzer and Freddie Mac’s Strategic Transformation team immediately accelerated their work on technology that supports remote property inspections, widely known as virtual inspections.
You might say Ike Suri is feeling the love these days. The quality of his vision in the past four years has transformed how many of us work. Plus, it’s hard to ignore the head of a company that has reviewed more than $1 trillion (that’s trillion with a “t”) in closing value.
It’s easy to make Matt Hansen happy. “I just love writing code,” the Founder and CEO of SimpleNexus and MBA NewsLink 2021 Tech All-Star, said. “If I wasn’t writing code at work, which I did for 14 years, I was writing code at home. Even after a decade of it, I just couldn’t get enough of it.”
Fannie Mae, Washington, D.C., said full-year 2021 real GDP growth expectations improved to 6.8 percent, including 9.1 percent annualized growth in the second quarter, due primarily to the continued easing of virus-related social restrictions and stimulus-driven consumer spending.
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee seeks members’ recommendations for individuals to serve on the Board beginning this October in the Investor, Lender, Mortgage Banker and Servicer categories.
