On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.
January new home sales offered good news for an industry starved of good news as of late.
Hopwood is an author, lawyer and professor of criminal justice at Georgetown University who has twice had petitions accepted by the U.S. Supreme Court. He is also, as he readily attested here at the MBA Servicing Solutions Conference & Expo, a convicted bank robber.
The latest credit delinquency data from both MBA and other sources indicates that delinquencies are rising. In MBA’s National Delinquency Survey, covering national and state delinquencies through the fourth quarter of 2022 revealed that the delinquency rate for mortgage loans on one‐to‐four‐unit residential properties rose to a seasonally adjusted rate of 4.96 percent of all loans outstanding at the end of the fourth quarter.
CoreLogic, Irvine, Calif., said its leading mortgage performance indicators showed slight increases from previous months but otherwise strong historical numbers.