MBA Economists Break Down What Servicers Should Know  

GRAPEVINE, Texas–MBA’s Joel Kan and Marina Walsh, CMB, took to the main stage at MBA’s Servicing Solutions Conference and Expo to address their economic outlook and how that impacts mortgage servicing.

Chart of the Week: Mortgage Delinquency Rate by Loan Type

According to MBA’s National Delinquency Survey, mortgage delinquencies increased across all three major loan types–Conventional, FHA, and VA–in the last three months of the year.

Chart of the Week: Retail Channel Mortgage Pull-Through

At last month’s MBA Annual Convention and Expo in Las Vegas, lenders discussed and debated ways to reduce origination costs and increase  productivity by investing in more modern technology, refining the use of technology, and making the loan production process more efficient. Improved servicing recapture and offering a greater variety of non-agency loan products were also explored as ways to achieve scale and spread fixed costs over more origination volume.  

Mortgage Delinquencies Decrease Slightly in the Second Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.93% of all loans outstanding at the end of the second quarter, according to MBA’s National Delinquency Survey.

Mortgage Delinquencies Increase Slightly in First Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.04% of all loans outstanding at the end of the first quarter, according to MBA’s National Delinquency Survey.