MBA Research Roundup May 2023

May 2, 2023

Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments crucial to the real estate finance industry. For more information regarding MBA Research products, click here.

Now Available: April 2023 MBA Mortgage Finance and Economic Forecasts.

MBA Research Spotlight: March Share of Mortgage Loans in Forbearance Decreases to 0.55%

The MBA monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 5 basis points from 0.60% of servicers’ portfolio volume in the prior month to 0.55% as of March 31, 2023. According to MBA’s estimate, 275,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 7.8 million borrowers since March 2020.

Marina Walsh, CMB, MBA Vice President of Industry Analysis, said, “As the COVID-19 national emergency draws to a close, the number of loans in forbearance continues to drop…Mortgage performance remains strong with the percentage of borrowers who were current on their mortgage payments and post-forbearance workouts increasing in March. MBA’s forecast still calls for a recession in 2023, which may change the current performance levels, but credit quality is generally good and many borrowers facing financial hardship can now access enhanced loss mitigation options that resulted from successes of pandemic-related policies.”
To view the report, click here.

For more information, please contact Marina Walsh, CMB, at (202) 557-2817.

Recent MBA Data/Releases/Commentary

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April 5, 2023: Mortgage Applications Decrease in Latest MBA Weekly Survey
April 6, 2023: IMB Production Profits Fall to Series Low in 2022
April 7, 2023: March Jobs Report Commentary from MBA’s Mike Fratantoni
April 11, 2023: Mortgage Credit Availability Increased in March
April 12, 2023: Mortgage Applications Increase in Latest MBA Weekly Survey
April 13, 2023: Total Commercial and Multifamily Lending Declined 8 Percent in 2022
April 17, 2023: Share of Mortgage Loans in Forbearance Decreases to 0.55% in March
April 18, 2023: March New Home Purchase Mortgage Applications Increased 0.6 Percent
April 18, 2023: Commercial and Multifamily Mortgage Delinquency Rates Increased Slightly Through the First Quarter of 2023
April 19, 2023: Mortgage Applications Decrease in Latest MBA Weekly Survey
April 26, 2023: Mortgage Applications Increase in Latest MBA Weekly Survey
April 27, 2023: Q1 GDP Commentary from MBA’s Joel Kan
April 27, 2023: Mortgage Application Payments Increased 1.6 Percent to $2,093 in March

MBA Speaking Engagements:

May 9, 2023: Commercial/Multifamily Finance Servicing and Technology Conference – Economic & CRE Outlook – Jamie Woodwell
May 9, 2023: MBA’s Servicing Operations Study and Forum for Prime and Specialty Servicers – Joel Kan and Marina Walsh
May 10, 2023: Commercial/Multifamily Servicing and Technology Conference – Jamie Woodwell and Reggie Booker
May 15, 2023: Servicing Outlook to MBA’s Loan Administration Committee – Marina Walsh
May 23, 2023: MBA Secondary and Capital Markets and Conference & Expo – Mike Fratantoni and Marina Walsh
May 24-25: MBA CREF Climate Risk/ESG Lending Roundtable – Jamie Woodwell and Mike Fratantoni

To register for MBA’s events and conferences click here.

Upcoming and Recent Speaking Engagements:

April 26, 2023: Newpoint Webinar // Multifamily Market Outlook: How to Adapt & Thrive in a New Era – Jamie Woodwell
April 27, 2023: David Lykken on Lending Recording – Marina Walsh
May 3, 2023: FCCS Home Lending conference in Salt Lake City – Mike Fratantoni
May 4, 2023: Federal Home Loan Bank of Cincinnati – Joel Kan
May 9, 2023: Ginnie Mae Digital Innovation Summit in D.C. – Mike Fratantoni
May 14, 2023: Citizens Bank Winners Circle Call – Marina Walsh
May 16, 2023: FFIEC Examiner Conference – Mike Fratantoni
May 17, 2023: ULI Spring Meeting, Affordable and Workforce Housing Council – Jamie Woodwell
May 18, 2023: ACES Quality Management Conference, Colorado Spring – Mike Fratantoni
May 21, 2023: Warehouse Lender Executive Council Meeting – Mike Fratantoni and Marina Walsh
May 23, 2023: McKinsey Commercial Lending Forum – Jamie Woodwell