The Light at the End of the Tunnel: #MBAIMB24

NEW ORLEANS–There is light at the end of the tunnel, MBA Vice President of Industry Analysis Marina Walsh, CMB, told attendees here at MBA’s Independent Mortgage Bankers conference.

MBA: Share of Mortgage Loans in Forbearance Decreases to 0.23% in December

The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.26% of servicers’ portfolio volume in the prior month to 0.23% as of Dec. 31, 2023.

MBA: Share of Mortgage Loans in Forbearance Decreases to 0.29% in October

The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.31% of servicers’ portfolio volume in the prior month to 0.29% as of Oct. 31, 2023.

MBA Chart of the Week: IMB Average Unrestricted Cash & Cash Equivalents

MBA Research recently released the third quarter results of its Quarterly Mortgage Bankers Performance Report. The results showed that independent mortgage banks and bank subsidiaries reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023.

MBA: IMBs Report Net Production Losses in Third-Quarter 2023

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023, according to the Mortgage Bankers Association’s newly released Quarterly Mortgage Bankers Performance Report.