Loans in forbearance fell to under 3 percent for the first time since March 2020, the Mortgage Bankers Association reported Monday.
Here’s a roundup of recent housing reports that have come across the MBA NewsLink desk:
The pandemic and market pressures are forcing the retail sector to innovate, reported Colliers, Toronto.
In this week’s MBA Chart of the Week, we analyze Optimal Blue single-family, 30-year fixed mortgage rate origination loan data from January 2020 through August 2021. We further group loans in the chart by the spread between their reported note rate and the (monthly average of the) Freddie Mac Primary Mortgage Market Survey rates to approximate the APR-APOR spread.
On Tuesday, House lawmakers passed a continuing resolution along party lines, sending the measure to the Senate for a vote ahead of a Sept. 30 government funding deadline. Meanwhile, MBA led a coalition of associations urging Congress to raise the federal debt limit to avoid roiling financial markets. And MBA’s Research Institute for Housing America released a report that examines climate change’s growing impact on housing and housing finance.