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Volume 22 Issue 135

Tuesday, July 18, 2023

MBA: Share of Mortgage Loans in Forbearance Decreases to 0.44% in June

The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 5 basis points to 0.44% of servicers’ portfolio volume as of June 30, 2023.

MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase Slightly

Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly during the second quarter, the Mortgage Bankers Association's latest commercial real estate finance Loan Performance Survey reported.

Dealmaker: Northmarq Arranges $13M for The Opus in New Jersey

Northmarq, Minneapolis, arranged $13 million in financing for The Opus, a 49-unit Class A multifamily property in North Arlington, N.J.

MBA VIDEOS

MBA Eye on Washington

MBA Eye on Washington

mPower Moments: On the Importance of Collaboration with Citizens Bank’s Deb Jones

mPower Moments: On the Importance of Collaboration with Citizens Bank’s Deb Jones

MBANow on Black Knight’s CMB Mentorship Program

MBANow on Black Knight’s CMB Mentorship Program

MBA Research Minute

MBA Research Minute

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TOP NATIONAL NEWS

Mortgage Lenders Continue to Operate at Reduced Capacity: MBA
US Banks Face Stiffer Mortgage Capital Rule Than Basel
The Housing Market Recession Is Already Ending
Struggling Borrowers Seek Help Through Self-Service Tech: Report
Commercial Real Estate Lending Fell for the First Time in 2 Years Last Month as Credit Conditions Tighten
Reintroduced Bill Would Make It Easier for Private Sector to Participate in Section 8 Housing
This Bronx Neighborhood Is One of NYC’s Hottest Apartment Markets
ICE, Black Knight Announce Deal To Sell Optimal Blue

MBA NEWS

July 20: Make the Most of Your MBA Membership: Level Up Your Engagement
Demo Days: Insurance Partnerships July 20
MBA CREF24 Registration Opens

Quote: July 18, 2023

"Mortgage forbearance has declined because most homeowners have maintained or improved their financial health. Recent reporting by the U.S. Bureau of Labor Statistics shows continued job growth in June and a 3.6 percent unemployment rate. The employment situation tracks with homeowners’ ability to make mortgage payments." --Marina Walsh, CMB, MBA Vice President of Industry Analysis.

MBA Chart of the Week July 17, 2023: IMB Production Expenses Vs. Gross Production Expenses

In May, MBA Research released the first quarter results of its Quarterly Mortgage Bankers Performance Report (QPR). Total loan production expenses – commissions, compensation, occupancy, equipment, and other production expenses and corporate allocations – increased to a study-high of $13,171 per loan in the first quarter.

July 17, 2023

Sponsored Content from PCV Murcor: Now Offering Property Data Collection

PCV Murcor Now Offering Fannie Mae Value Acceptance + Property Data Collection With Our Nationwide Coverage

July 17, 2023

Black Knight: Mortgage Locks Edge Lower in June; Credit Availability Continues to Tighten

Black Knight, Jacksonville, Fla., reported overall rate lock volumes were down 1% month-over-month in June, with conforming loans gaining share mainly at the expense of non-conforming loan products.

July 17, 2023

MBA Education Path to Diversity Scholar Profile: Cecilia Collins

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MBA NewsLink interviewed Cecilia Collins, Business Control Director at Cenlar, about her experience with the MBA Path to Diversity Scholarship Program.

July 17, 2023

MBA Advocacy Update July 17, 2023

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This week’s top legislative and policy news from the Mortgage Bankers Association.

July 17, 2023

Today: Mastering Revenue Metrics of Single-Close Construction Loans

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Not all loan programs are faced with the profitability challenges of traditional mortgages, one of these being construction-to-permanent loans. In this webinar, panelists will discuss the revenue metrics of single-close construction lending and understand why the net ROI could easily be 3-4 times more than a standard mortgage loan.

July 17, 2023

S&P: U.S. Job Growth Makes July Rate Hike Likely

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Payroll jobs continue to grow and the unemployment rate remains near a 50-year low, making it likely the Federal Reserve will increase the Fed Funds rate later this month, said S&P Global Ratings, New York.

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at our website.

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Michael Tucker | 202/557-2851

Editorial Manager: Anneliese Mahoney | 202/557-2938

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