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.