The Mortgage Bankers Association, in a comment letter yesterday to the Consumer Financial Protection Bureau, asked the Bureau to extend the temporary GSE Qualified Mortgage loan definition, also known as the GSE “Patch,” for an additional six months following the effective date for the revised general QM parameters.
Tag: Fannie Mae
MBA: Share of Mortgage Loans in Forbearance Decreases for 8th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 23 basis points to 7.44% of mortgage servicers’ portfolio volume as of Aug. 2, down from 7.67% of servicers’ portfolio volume the prior week. MBA estimates 3.7 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Decreases for 8th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 23 basis points to 7.44% of mortgage servicers’ portfolio volume as of Aug. 2, down from 7.67% of servicers’ portfolio volume the prior week. MBA estimates 3.7 million homeowners are in forbearance plans.
July Jobs Up Nearly 2 Million; Unemployment Rate Drops
The Bureau of Labor Statistics reported nonfarm payroll employment increased by 1.8 million during July, pushing the unemployment rate down to 10.2 percent.
FHFA: Multifamily Owners in Forbearance Must Inform Tenants of Eviction Suspension, Tenant Protections
The Federal Housing Finance Agency announced Thursday multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac who enter into a forbearance agreement must inform their tenants about protections during the property owner’s forbearance and repayment periods.
FHFA Extends Temporary Policy Allowing Purchase of Qualified Loans in Forbearance to Aug. 31
The Federal Housing Finance Agency approved an extension of the temporary policy that allows for the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria set by Fannie Mae and Freddie Mac. The policy is extended for loans originated through August 31.
MBA: Share of Mortgage Loans in Forbearance Decreases for Seventh Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans in forbearance decreased 7 basis points to 7.67% of servicers’ portfolio volume as of July 26 from 7.74% in the prior week.
MBA: Share of Mortgage Loans in Forbearance Decreases for Seventh Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans in forbearance decreased 7 basis points to 7.67% of servicers’ portfolio volume as of July 26 from 7.74% in the prior week.
MBA: Share of Mortgage Loans in Forbearance Decreases for Seventh Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans in forbearance decreased 7 basis points to 7.67% of servicers’ portfolio volume as of July 26 from 7.74% in the prior week.
Fannie Mae: Helpful eMortgage Resources
With the recent shift many people have experienced to remote work, digital closing options are top of mind for lenders. Fannie Mae has a variety of eMortgage resources to help you.