BREAKING NEWS
Loans in Forbearance Fall Below 4%; Applications Up Again in MBA Weekly Survey
The share of mortgage loans in forbearance fell for the 16th straight week and is now under 4 percent for the first time since onset of the coronavirus pandemic, the Mortgage Bankers Association reported Monday.
Mortgage applications increased for the second straight week despite rising interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 18.
Existing home sales fell for the fourth straight month in May, the National Association of Realtors reported Tuesday, as rising prices and low inventories continue to stymie momentum.
Enrollment in financial hardship programs grew significantly as a result of the COVID-19 pandemic – to 7% of all accounts for credit products such as auto loans and mortgages. However, a new TransUnion study reported the majority of consumers continued to make payments on their accounts, even when in an accommodation program.
Trepp, New York, reported “mixed results” for bank commercial real estate loan performance in the first quarter.
Full session and individual speaker proposals are now being accepted for the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum 2021, taking place Sept. 28–29 via MBA LIVE.
New York Life Real Estate Investors originated $145 million for office and industrial assets in Warren, N.J. and Kent, Wash.
Over the past several years, the hurdles to creating digital property transactions have been overcome with increasing speed. Between the rising adoption of the Mortgage Industry Standards Maintenance Organization (MISMO) SMART Docs and eNotes to remote online notarizations (RON), today’s housing industry finds itself standing on the precipice of a truly digital future.
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action Monday in support of bipartisan legislation that would allow notaries in all states to perform Remote Online Notarization transactions.
When Jim Deitch, CEO of Teraverde, and Alex Kutsishin, CEO of Sales Boomerang, sat down to discuss business and development of Sales Boomerang, the conversation was sure to be vibrant.
The Mortgage Bankers Association last week urged the Securities and Exchange Commission to follow a set of guiding principles as it considers climate-related disclosures.
The MBA Opens Doors Foundation is grateful for the member company campaigns that support its mission—and for the creative approaches that companies such as Lennar Mortgage, take to help further that mission.
The Mortgage Bankers Association endorsed an announcement by the Black Homeownership Collaborative to close the Black homeownership gap through its 7-point plan – a solutions-based initiative to increase Black homeownership by 3 million net new households by 2030.
