The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 5.22% of servicers’ portfolio volume as of Feb. 14 compared to 5.29% the prior week. MBA estimates 2.6 million homeowners remain in forbearance plans.
The past year has been like no other, housing-wise. Near-record-low interest rates, tight housing supplies and greater flexibility in where one lives have pushed a normally predictable housing cycle into uncharted territory, as three new housing reports show.
CBRE, Dallas, said higher levels of liquidity, tighter credit spreads and a modest loosening of underwriting standards contributed to a “sharp improvement” in commercial real estate lending momentum in late 2020.
MBA Research released its annual CREF Bingo card, covering top topics we expect to hear discussed in sessions, hallway conversations and receptions.