“The data show that those homeowners who remain in forbearance are more likely to be in distress, with fewer continuing to make any payments and fewer exiting forbearance each month. Those borrowers who do exit are also more likely to require a modification to their ongoing repayment plans.” --Mike Fratantoni, MBA Senior Vice President and Chief Economist.

MISMO announced its Board of Directors for 2021. MISMO, which is a subsidiary of and managed by the Mortgage Bankers Association, is the mortgage industry’s standards organization working to enable the industry to speak the same language.

Delinquency rates for mortgages backed by commercial and multifamily properties Increased for the second month in a row in December, according to the Mortgage Bankers Association's latest monthly MBA CREF Loan Performance Survey.