Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net production profit of $950 on each loan they originated in the second quarter, according to MBA’s latest Quarterly Mortgage Bankers Performance Report.
Tag: Marina Walsh CMB
Chart of the Week: Composition of Seriously Delinquent Loans by Origination Year
While overall mortgage delinquencies were relatively flat compared to last year, earlier-stage delinquencies declined while serious delinquencies – those loans 90 or more days delinquent or in foreclosure – increased.
IMBs Report Slight Production Losses in First Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $28 on each loan they originated in the first quarter, compared to a net loss of $40 per loan in the fourth quarter of 2024, according to MBA’s Quarterly Mortgage Bankers Performance Report.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.40% in January
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.
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.