MBA Research Roundup May 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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MBA Speaking Engagements:

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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

What MBA Research is Reading:

MBA Research in the News

April Charts of the Week (Our favorite from this month is shown below:)

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Recent MBA Research Blogs/Videos

CREF Market Intelligence Blog

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