MBA: 1Q Commercial, Multifamily Borrowing Declines 14 Percent
Commercial and multifamily mortgage loan originations decreased 14 percent in the first quarter from a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
MBA: Loans in Forbearance Fall 10th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 11 basis points to 4.36% of servicers’ portfolio volume as of May 2 from 4.47% the prior week--the 10th consecutive week of declines. MBA estimates 2.2 million homeowners are in forbearance plans.
April Mortgage Credit Availability Up 2.2%
Mortgage credit availability increased in April, the Mortgage Bankers Association reported this morning.
CoreLogic: Mortgage Delinquency Rates Level Off in February
Despite a small uptick in overall delinquencies, serious delinquencies continued to decrease, CoreLogic, Irvine, Calif., reported this morning.
MBA Chart of the Week, May 7, 2021: Renters/Mortgagors & Missed Payments
The Research Institute for Housing America, MBA’s think tank, released updated first-quarter results that allow us to assess how renters, mortgagors and student loan borrowers fared over the first 12 months of the COVID-19 pandemic.