The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 38 basis points to 7.80% of mortgage servicers’ portfolio volume as of July 12, from 8.18% the prior week. MBA estimates 3.9 million homeowners are in forbearance plans.
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Share of Mortgage Loans in Forbearance Falls for Fifth Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 38 basis points to 7.80% of mortgage servicers’ portfolio volume as of July 12, from 8.18% the prior week. MBA estimates 3.9 million homeowners are in forbearance plans.
Dealmaker: Grandbridge Real Estate Capital Secures $50M
Grandbridge Real Estate Capital, Charlotte, N.C., secured $50.2 million for multifamily and retail properties in three states.
MBA: Share of Loans in Forbearance Falls 4th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 21 basis points to 8.18% of servicers’ portfolio volume for the week of July 5, from 8.39% the week before. MBA now estimates 4.1 million homeowners are in forbearance plans, down from 4.2 million the previous week.
MBA: Share of Loans in Forbearance Falls 4th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 21 basis points to 8.18% of servicers’ portfolio volume for the week of July 5, from 8.39% the week before. MBA now estimates 4.1 million homeowners are in forbearance plans, down from 4.2 million the previous week.
Industry Briefs July 14, 2020
FirstClose Inc., Austin, Texas, a provider of technology platforms for banks and credit unions, partnered with Temenos, a banking software company. With integration of the FirstClose ONE platform into Temenos Infinity Loan Origination, customers can order instant and bundled reports on credit, flood, valuation, tax and title directly from the loan origination system.
FHFA Extends GSE Loan Processing Flexibilities Through Aug. 31
The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until August 31 to ensure continued support for borrowers during the COVID-19 national emergency.
MBA: Share of Mortgage Loans in Forbearance Decreases for Third Straight Week to 8.39%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 8 basis points to 8.39% of servicers’ portfolio volume as of June 28, compared to 8.47% the prior week. MBA estimates nearly 4.2 million homeowners are in forbearance plans.
Dealmaker: NorthMarq Secures $42M for Multifamily
NorthMarq, Minneapolis, negotiated $42.1 million in financing for New Jersey and Illinois multifamily properties.
MBA: Share of Mortgage Loans in Forbearance Decreases for Third Straight Week to 8.39%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 8 basis points to 8.39% of servicers’ portfolio volume as of June 28, compared to 8.47% the prior week. MBA estimates nearly 4.2 million homeowners are in forbearance plans.