BREAKING NEWS
Loans in Forbearance Fall to 3.25% in MBA Weekly Survey
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 1 basis point to 3.25% of servicers’ portfolio volume as of August 15 from 3.26% the week prior. MBA estimates 1.6 million homeowners are in forbearance plans.
Existing home sales rose for the second straight month to their highest level since March, the National Association of Realtors reported Monday.
CBRE, Dallas, reported commercial lending markets strengthened in the second quarter, mirroring the wider economic recovery.
This week’s MBA Chart of the Week takes a look at mortgage delinquency rates by loan type (%) since 2006.
Financial institutions are losing ground in the battle for mortgages. Learn what FIs could do to take back market share.
Gantry, San Francisco, secured $43 million from a correspondent life company lender to refinance a four-building industrial portfolio for a 15-year term.
Josh Lehr is Director of Technology Alliances with Total Expert, Minneapolis, a fintech software company that built the first customer experience platform purpose-built for financial institutions.
Dealing effectively with a fast-changing market is only possible when data analysts can pull real business insight out of big pools of data. Fortunately, we have access to the technologies to help lenders get this job done.
Fannie Mae, Washington, D.C., revised its full-year 2021 real GDP growth forecast modestly downward due in part to the expectation that COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecast.
On Wednesday, Senate Finance Committee Chairman Ron Wyden (D-OR) introduced a new bill that expands access to housing for first-time homebuyers and low-income individuals by investing in existing programs and establishing new tax credits geared toward renters and middle-income homeowners.
Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as New York Times best-selling authors Malcolm Gladwell and Brad Meltzer keynote General Sessions on Tuesday, Oct. 19.
The Mortgage Bankers Association introduces a new offering to its members — the Diversity, Equity and Inclusion (DEI) Study — separately designed and compiled for both the residential and commercial/multifamily sides of the real estate finance industry.
