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.