The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 6.87% of servicers’ portfolio volume as of September 20, from 6.93% the prior week. MBA estimates 3.4 million homeowners remain in forbearance plans.
Tag: Fannie Mae
FHA: GSEs Complete 252,000 2Q Foreclosure Preventions
The Federal Housing Finance Agency said Fannie Mae and Freddi Mac completed 252,014 foreclosure prevention actions in the second quarter, bringing to 4.68 million the number of troubled homeowners who have been helped during conservatorships.
August New Home Sales Continue Summer Surge
New home sales topped the one million mark, seasonally adjusted, in August for the first time since 2006, HUD and the Census Bureau reported yesterday.
MBA: Loans in Forbearance Fall to 5-Month Low
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 8 basis points to 6.93% of servicers’ portfolio volume as of Sept. 13, compared to 7.01% the week before. MBA estimates 3.5 million homeowners are in forbearance plans.
MBA: Loans in Forbearance Fall to Lowest Level in 5 Months
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 8 basis points to 6.93% of servicers’ portfolio volume as of Sept. 13, compared to 7.01% the week before. MBA estimates 3.5 million homeowners are in forbearance plans.
MBA: Loans in Forbearance Fall to 5-Month Low
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 8 basis points to 6.93% of servicers’ portfolio volume as of Sept. 13, compared to 7.01% the week before. MBA estimates 3.5 million homeowners are in forbearance plans.
Industry Briefs Sept. 18, 2020
ACES Risk Management (ARMCO), Denver, a provider of management and control software for the financial services industry, completed its rebranding effort to align the company’s image with its expanded focus on quality and risk management for banks and credit unions, as well as independent mortgage lenders.
After Strong Summer, August Housing Starts Underwhelm
Housing starts—one of the bright spots in a red-hot summer housing market—faltered in August, HUD and the Census Bureau reported yesterday, although most of the decline took place in multifamily.
GSEs: Recession-Era QC Has Lenders Well-Prepared for Current Crisis (MBA LIVE)
Speaking virtually at the Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum, GSE analysts said despite challenges resulting from increased volumes, economic instability and a sharp spike in unemployment–as well an abrupt shift to remote working–lenders have shown adaptability and a commitment to loan quality.
GSEs: Recession-Era QC Has Lenders Well-Prepared for Current Crisis (MBA LIVE)
Speaking virtually at the Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum, GSE analysts said despite challenges resulting from increased volumes, economic instability and a sharp spike in unemployment–as well an abrupt shift to remote working–lenders have shown adaptability and a commitment to loan quality.