The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 4 basis points to 3.87% of servicers’ portfolio volume as of June 27 from 3.91% the prior week. MBA estimates 1.9 million homeowners are in forbearance plans--the first time that two million or fewer homeowners have been in forbearance plans since March 2020, at the onset of coronavirus pandemic.
Delinquency rates for mortgages backed by commercial and multifamily properties held steady in June, the Mortgage Bankers Association's latest monthly CREF Loan Performance Survey said.
Mortgage applications fell again last week, the Mortgage Bankers Association reported Wednesday—not as sharply as they did the previous week, but enough to their lowest level since before the coronavirus pandemic.
The Mortgage Bankers Association, in a July 6 letter to the Federal Housing Finance Agency, asked FHFA for more definitive guidance on the government-sponsored enterprises’ policies on mortgages for properties that include short-term rental units.
The Research Institute for Housing America, MBA’s think tank, released a special report that examines why, since the 1990s, older workers’ labor force participation has increased while their migration has decreased, counter to conventional economic wisdom.