MBA: October Share of Mortgage Loans In Forbearance Up Slightly
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance increased by 1 basis point to 0.70% of servicers’ portfolio volume from 0.69% in the prior month as of October 31.
October Mortgage Application Payments Rise 3.7 Percent to $2,012
Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September, according to the Mortgage Bankers Association's Purchase Applications Payment Index.
HUD Increase Flood Insurance Options for FHA Mortgage Holders in Special Flood Areas
HUD on Monday announced it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to FHA requirements from private insurance providers.
‘Green Shoots’ Evident for REITs Despite Volatility
Despite a challenging capital markets environment and economic uncertainty, real estate investment trusts continue to post strong earnings performance, with a substantial majority of REITs that have reported to date beating analyst estimates, said JLL, Chicago.
MBA Chart of the Week Nov. 18, 2022: Return to Office Rates
This week’s Chart of the Week highlights data from Kastle Systems for November 3-9, showing the range of daily occupancy rates for 10 major metros. For these metros, the lowest average occupancy rate for a particular day of the week was 32.2 percent, and the highest was 56.0 percent, compared to essentially 100 percent occupancy pre-pandemic for most days.
MBA Advocacy Update Nov. 21, 2022
With just a few races left to be finalized, Republicans secured a narrow House majority in the coming Congress earlier this week. And regardless of the December 6 Georgia runoff outcome, Democrats have retained their Senate majority. Leaders and key committee chairs in both chambers will be determined in the coming weeks.