MBA: Pandemic Takes Aim at Commercial, Multifamily Mortgage Delinquency Rates

The coronavirus pandemic had a “dramatic and immediate impact” on delinquency rates for some mortgages backed by commercial and multifamily properties in the second quarter, although most continued to perform well, the Mortgage Bankers Association said in two reports.

A Conversation with Scott Gesell, CEO of Gateway First Bank

Scott Gesell was recently appointed as CEO of Gateway First Bank, Tulsa, Okla. He has been an integral part of Gateway First Bank’s leadership since 2013. During his time at Gateway, he played a leading role in the merger of a 100-year-old community bank with a 20-year-old mortgage company to become Gateway First Bank.

MBA: Share of Mortgage Loans in Forbearance Flat at 7.20%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the percentage of loans in forbearance stayed flat for the second straight week, holding at 7.20% as of Aug. 23.

MBA: Share of Mortgage Loans in Forbearance Flat at 7.20%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the percentage of loans in forbearance stayed flat for the second straight week, holding at 7.20% as of Aug. 23.