BREAKING NEWS
MBA: Loans in Forbearance Unchanged at 3.25%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance remained
unchanged at 3.25% as of August 22. MBA estimates 1.6 million homeowners are in forbearance plans.
Pending home sales dipped modestly in July, the National Association of Realtors said Monday, marking the second straight monthly downturn.
Last week saw two reports two reports that seemingly defied conventional wisdom—despite the very real effects of climate change, properties in some of the most vulnerable spots in the nation are actually attracting more interest—and higher prices. This week, another report shows Miami and other high-risk coastal areas continue to rank in the top 10 U.S. locations for net migration.
Data centers had a fantastic first half of 2021, with strong absorption delayed only by a lack of supply, reported Cushman & Wakefield, Chicago.
In this week’s MBA Chart of the Week, we look at net production profit in basis points, relative to the purchase share of total first mortgage originations by dollar volume over a five-year time span – second quarter 2016 through second quarter 2021.
Phillips Realty Capital, Bethesda, Md., closed a $57.5 million bridge loan for a four-property, 740,400-square-foot industrial portfolio in Miami and Tampa, Fla.
On Tuesday, the House voted to adopt a $3.5 trillion budget resolution framework for Fiscal Year 2022. Also on Tuesday, MBA submitted a joint coalition letter to HUD on its disparate impact rule.
The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum, taking place through MBA Live Sept. 28-29, is the largest annual event for mortgage professionals in the risk, quality control, underwriting and fraud prevention divisions of residential mortgage firms across the country.
For years, mortgage underwriters have been accustomed to working from home a few days a week; consequently, during the pandemic, it was not much of a challenge to transition to a 100% remote working scenario. What has been a challenge is managing these highly-skilled employees and maintaining their morale at the same time. The great news is that it can be done.
Tim Anderson is EVP and Director of eMortgage Strategy for Evolve Mortgage Services, where he is responsible for overseeing deployment of the company’s end-to-end digital closing platform and developing strategic partner relationships.
MBA CONVERGENCE presents the next in its Webinar Series, Mayors and Affordable Housing: Perspective from City Hall, on Thursday, Sept. 16 from 1:30-2:15 p.m. ET.
Speaking proposals are now being accepted for the Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022, taking place February 22-25 in Orlando, Fla.
