Housing starts, which fell by more than 22 percent in March, fell by another 30 percent in April to the lowest level since 2013 as the economic effects of the coronavirus pandemic slammed home.
Tag: Coronavirus
‘MBA Is Meeting this Crisis Head-On’
WASHINGTON, D.C.—“These are no normal times.” With those words, Mortgage Bankers Association Robert Broeksmit, CMB, not only described the past few months, but also set the tone for the future of the real estate finance industry and life in general.
MBA Live: ‘MBA Is Meeting this Crisis Head-On’
WASHINGTON, D.C.—“These are no normal times.” With those words, Mortgage Bankers Association Robert Broeksmit, CMB, not only described the past few months, but also set the tone for the future of the real estate finance industry and life in general.
MBA Chart of the Week: 30-Day Mortgage Delinquency Rate by Region
MBA released its latest National Delinquency Survey for first quarter 2020 earlier this week. At the end of the first quarter, the delinquency rate for mortgage loans on one-to-four-unit residential properties jumped by 59 basis points to a seasonally adjusted rate of 4.36 percent of all loans outstanding.
Paul Fischer of Paradatec on What Mortgage Servicers Can Expect in Months Ahead
Paul Fischer is Director of Professional Services with Paradatec, Cincinnati.
House Passes $3 Trillion COVID-19 Relief Package; MBA Letter Details Industry Priorities
The House on Friday passed a massive $3 trillion pandemic relief bill on Friday that includes several key housing provisions advocated by the Mortgage Bankers Association. Ahead of the bill’s passage, MBA provided House and Senate leadership with its legislative priorities for the next relief package for homeowners and renters dealing with the broad economic effects of the coronavirus pandemic.
MBA Chart of the Week: 30-Day Mortgage Delinquency Rate by Region
MBA released its latest National Delinquency Survey for first quarter 2020 earlier this week. At the end of the first quarter, the delinquency rate for mortgage loans on one-to-four-unit residential properties jumped by 59 basis points to a seasonally adjusted rate of 4.36 percent of all loans outstanding.
Neal Doherty: A Lender’s Guide to PPP Loan Forgiveness Timeline
A key provision of the CARES Act is the Paycheck Protection Program (PPP), which authorizes small businesses to apply for loans guaranteed by the Small Business Administration. PPP loans can be forgiven, either in whole or part, under certain conditions. This article is intended as an overview of key steps in submitting and obtaining PPP loan forgiveness.
Mark Dangelo: Innovation Thinking—Winning in an Uncertain Future
The financial services and mortgage industries have not felt the full impact and unintended consequences of COVID-19 and the governmental interventions. The result will be that innovation disruption moving forward will be not be kind, will not be benevolent, and will not be industry friendly.
Paul Fischer of Paradatec on What Mortgage Servicers Can Expect in Months Ahead
Paul Fischer is Director of Professional Services with Paradatec, Cincinnati.