Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter, the Mortgage Bankers Association reported Thursday.
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IMBs Report Second Quarter Losses
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter, the Mortgage Bankers Association reported Thursday.
July Mortgage Loan Forbearance Rate Falls to 0.74%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 7 basis points to 0.74% of servicers’ portfolio volume as of July 31, from 0.81% in June. MBA estimates 370,000 homeowners remain in forbearance plans.
July Mortgage Loan Forbearance Rate Falls to 0.74%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 7 basis points to 0.74% of servicers’ portfolio volume as of July 31, from 0.81% in June. MBA estimates 370,000 homeowners remain in forbearance plans.
MBA Chart of the Week, Aug. 12, 2022: National Mortgage Delinquency Rate
This week’s MBA Chart of the Week highlights the relationship between MBA’s mortgage delinquency rate and two economic indicators, the unemployment rate, and year-over-year changes in headline inflation – measuring the price of goods and services in the economy.
MBA Chart of the Week, Aug. 12, 2022: National Mortgage Delinquency Rate
This week’s MBA Chart of the Week highlights the relationship between MBA’s mortgage delinquency rate and two economic indicators, the unemployment rate, and year-over-year changes in headline inflation – measuring the price of goods and services in the economy.
MBA: 2Q Mortgage Delinquency Rate at Record Low
The second quarter mortgage delinquency rate fell to a record low—even beating out pre-pandemic lows—the Mortgage Bankers Association reported Thursday.
MBA: 2Q Mortgage Delinquency Rate at Record Low
The second quarter mortgage delinquency rate fell to a record low—even beating out pre-pandemic lows—the Mortgage Bankers Association reported Thursday.
MBA: 2Q Mortgage Delinquency Rate at Record Low
The second quarter mortgage delinquency rate fell to a record low—even beating out pre-pandemic lows—the Mortgage Bankers Association reported Thursday.
MBA: Share of Mortgage Loans in Forbearance Decreases Slightly in June
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 4 basis points from 0.85% of servicers’ portfolio volume in May to 0.81% on June 30.