MBA’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased 7 basis points from 0.47% of servicers’ portfolio volume in the prior month to 0.40% as of January 31, 2025.
Tag: Marina Walsh CMB
Mortgage Delinquencies Increase in Fourth-Quarter 2024
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of the fourth quarter, according to MBA’s National Delinquency Survey.
Chart of the Week: Completed Loan Workouts from 2020 Onward
According to the latest results from MBA’s Monthly Loan Monitoring Survey, approximately 235,000 homeowners are in forbearance plans as of December 31, 2024.
Share of Mortgage Loans in Forbearance Decreases Slightly to 0.47% in December
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior month to 0.47% as of December 31, 2024.
MBA: IMB Production Profits Increase in Third Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $701 on each loan they originated in the third quarter, an increase from the reported net profit of $693 per loan in the second quarter, according to the Mortgage Bankers Association’s new Quarterly Mortgage Bankers Performance Report.
Share of Mortgage Loans in Forbearance Increases to 0.34% in September
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.34% as of September 30, 2024.
MBA: Share of Mortgage Loans in Forbearance Increases to 0.31% in August
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.31% as of August 31, 2024.
MBA: IMBs Post Net Production Profit for First Time in Two Years
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in the second quarter, an increase from the reported loss of $645 per loan in the first quarter, according to the Mortgage Bankers Association’s new Quarterly Mortgage Bankers Performance Report.
Chart of the Week: Annual Cost of Servicing Performing and Non-Performing Loans
Based on the most recent completed study cycle, fully-loaded servicing costs remained flat relative to the previous year at an average of $237 per loan. But that only tells part of the story.
MBA Chart of the Week: Lender’s Loan Expense For Retail, Consumer Direct Channels
The longstanding MBA and STRATMOR Peer Group Roundtables Program recently wrapped up its Spring 2024 season for benchmarking lender performance across various production channels and peer groups.