Share of Loans in Forbearance Falls to 2.21%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 2.21% of servicers’ portfolio volume as of October 17 from 2.28% the week before. MBA estimates 1.1 million homeowners are in forbearance plans.
The Mortgage Bankers Association on Monday submitted comments to the Federal Housing Finance Agency on its proposed rule for 2022-2024 housing goals for Fannie Mae and Freddie Mac.
The Financial Health Network, Chicago, said even as the financial health of many Americans improved over the past year, a full two-thirds of Americans remain vulnerable in their financial health.
Zillow, Seattle, said the housing market’s modest calming, which began late in the summer, continued into early fall.
The Mortgage Bankers Association Political Action Committee awarded Paul Walnick, President of Business Development with Fairway Independent Mortgage Corp., Madison, Wis., with the 2021 Schumacher-Bolduc Award.
Gershman Investment Corp., St. Louis, Mo., closed a $33.7 million HUD 221(d)4 loan for Heartland View Apartments in Wentzville, Mo.
FormFree® is a fintech company whose revolutionary products AccountChek® and Passport™ are building a more inclusive credit decisioning landscape by encouraging lenders to view borrower ability to pay (ATP) more holistically.
Many would agree that commercial real estate has not had a classic economic downturn since the Great Recession. That is important to consider in business planning generally, and specifically as apartment rents increase across the country.
Paul Fiorilla is Director of Research at Yardi Matrix. His research covers all facets of commercial real estate and he recently published a report highlighting different environmental risk levels across metro areas in the U.S. MBA Newslink interviewed him about the implications of recent environmental, social and governance trends.
The challenges of the executing against traditional business prescriptions are many—at a minimum due to changes in strategy, personnel, convention, ecosystems, innovations, and cloud (maturity). The accepted top-down agenda setting management theory of academics and consultants constructed in silos of efficiency are being called into question.
Chris Meade is Vice President of Client Relations of LenderClose, a fintech engaged in providing technology platforms to home equity and real estate lenders. With more than 10 years of experience in the technology industry, he seeks to build and enrich client relationships with a personable and user-centric approach.
On Monday, in remarks given at MBA’s Annual Convention and Expo 2021, FHFA Acting Director Sandra Thompson announced two steps to advance housing sustainability and affordability.