The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans.
Tag: Fannie Mae
MBA: Share of Mortgage Loans in Forbearance Levels Out at 8.55%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans.
Industry Briefs
Stewart Information Services Corp., Houston, acquired United States Appraisals. Stewart said the acquisition strengthens its digital real estate services offering in appraisal and valuation management and enhances its existing title insurance, settlement services, appraisal/valuation and other real estate services.
Fannie Mae: Lenders’ Demand Expectations for Purchase Mortgages Down ‘Significantly;’ Refis ‘Strong and Stable’
The latest Fannie Mae Mortgage Lender Sentiment Survey found mortgage lenders’ profit margin outlook for the next three months fell slightly but remained positive due to strong reported refinance demand.
FHFA Extends GSE COVID-Related Loan Processing Flexibilities Through July
The Federal Housing Finance Agency extended several loan origination flexibilities currently offered by Fannie Mae and Freddie Mac designed to help borrowers during the COVID-19 national emergency through at least July 31.
Americans File 1.54 Million More Initial Claims
More than 1.5 million Americans filed new claims for unemployment insurance during the first week of June, the Labor Department reported Thursday—the lowest level since the start of the coronavirus pandemic but still well above historic norms.
Dealmaker: Gantry Arranges $75M in Financing
Gantry Inc., San Francisco, arranged $74.8 million in five transactions in Washington, Arizona and California.
Commercial/Multifamily Briefs June 11, 2020
Eastern Union, New York, hired 75 new brokers for its new quarter-point fee for refinancing multifamily properties backed by Fannie Mae or Freddie Mac.
FHFA Announces Next Steps for GSE UMBS Pooling Practices
The Federal Housing Finance Agency yesterday directed Fannie Mae and Freddie Mac to “further align their practices for evaluating seller and servicer prepayment related activities.”
Fannie Mae Home Purchase Sentiment Index Remains Near Survey Low
The Fannie Mae Home Purchase Sentiment Index increased by 4.5 points in May to 67.5, building slightly after nearing its record low in April. The survey indicated home buyers are much more confident in the current market than sellers.