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.

MBA: Share of Mortgage Loans in Forbearance Increases to 7.54%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased from 6.99% of servicers’ portfolio volume in the prior week to 7.54% as of April 26. According to MBA’s estimate, 3.8 million homeowners are now in forbearance plans.

MBA: Share of Mortgage Loans in Forbearance Increases to 7.54%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased from 6.99% of servicers’ portfolio volume in the prior week to 7.54% as of April 26. According to MBA’s estimate, 3.80 million homeowners are now in forbearance plans.

MBA Launches Consumer Ad Campaign

The Mortgage Bankers Association launched a digital advertising campaign designed to help consumers facing financial challenges as a result of the COVID-19 pandemic and show how the mortgage industry is helping consumers through the coronavirus pandemic.

MBA Launches Consumer Ad Campaign

The Mortgage Bankers Association this week launched a digital advertising campaign designed to help consumers facing financial challenges as a result of the COVID-19 pandemic and show how the mortgage industry is helping consumers through the coronavirus pandemic.