“July continued the ongoing trend in recent months of most of the forbearance exits coming from borrowers with portfolio loans and private-label security loans. There has been very little change in the forbearance rate for Fannie Mae, Freddie Mac and Ginnie Mae loans during the past three months, perhaps indicating that we have reached a floor, with loans entering forbearance about equal to loans exiting forbearance for these loan types." --Marina Walsh, CMB, MBA Vice President of Industry Analysis.

On Tuesday, FHFA announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans. Last Friday, MBA submitted its comment letter to federal regulatory banking agencies on the Community Reinvestment Act. And the House approved the Senate’s amended substitute to H.R. 5376, now known as the Inflation Reduction Act.