Fitch: Mortgage Insurers See Consistent Losses, Market Stability in 2022

Fitch Ratings, Chicago, said the operating environment for U.S. mortgage insurers is expected to remain steady in 2022, as economic indicators have generally improved since the low point of the pandemic, with lower than expected losses from the pandemic fallout and continued home price appreciation supportive of credit fundamentals of the rated peer group of private MIs.

Share of Mortgage Loans in Forbearance Decreases to 3.50%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 26 basis points to 3.50% of servicers’ portfolio volume as of July 11–the twentieth consecutive weekly decline.

Share of Mortgage Loans in Forbearance Decreases to 3.50%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 26 basis points to 3.50% of servicers’ portfolio volume as of July 11–the twentieth consecutive weekly decline.

TransUnion: Majority of Consumers in Accommodation Programs Continue to Make Payments

Enrollment in financial hardship programs grew significantly as a result of the COVID-19 pandemic – to 7% of all accounts for credit products such as auto loans and mortgages. However, a new TransUnion study reported the majority of consumers continued to make payments on their accounts, even when in an accommodation program.