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.
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.
Mortgage credit availability increased in April, the Mortgage Bankers Association reported this morning.
Despite a small uptick in overall delinquencies, serious delinquencies continued to decrease, CoreLogic, Irvine, Calif., reported this morning.
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.