The Mortgage Bankers Association’s new monthly Loan Monitoring Survey reported loans now in forbearance decreased by 39 basis points to 1.67% of servicers’ portfolio volume as of November 30 from 2.06% in October. MBA estimates 835,000 homeowners remain in forbearance plans.
So many reports, so little time. Here’s a roundup of recent housing market reports that came across the MBA NewsLink desk:
The Consumer Financial Protection Bureau and the Department of Justice on Monday issued two joint letters Monday on legal housing protections for military families.
Commercial mortgage-backed securities liquidation volume bounced back after a pandemic-related pause, analysts said.
This week’s MBA Chart of the Week traces the Federal Open Market Committee forecasts and long-run estimates of four key metrics that contribute to Fed decision-making and communication – GDP, inflation, unemployment and the Fed funds rate.