The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 1 basis point to 3.25% of servicers’ portfolio volume as of August 15 from 3.26% the week prior. MBA estimates 1.6 million homeowners are in forbearance plans.
Tag: Mike Fratantoni
Share of Mortgage Loans in Forbearance Dips to 3.25%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 1 basis point to 3.25% of servicers’ portfolio volume as of August 15 from 3.26% the week prior. MBA estimates 1.6 million homeowners are in forbearance plans.
The Week Ahead Aug. 23, 2021: Another Busy Week for Housing
Good morning! We hope you are enjoying this summer and are safe from forest fires, triple-degree temperatures, hurricanes, tropical storms, locusts, frogs and blight. Oh, and the apparent return of “murder hornets.”
July Housing Starts Fall 7%
July housing starts fell by 7 percent, the Census Bureau reported yesterday, a disappointing result as home builders continue to be hamstrung by pipeline and labor shortages.
Share of Mortgage Loans in Forbearance Decreases to 3.26%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 14 basis points to 3.26% of servicers’ portfolio volume as of August 8 from 3.40% the previous week. MBA now estimates 1.6 million homeowners are in forbearance plans.
Share of Mortgage Loans in Forbearance Decreases to 3.26%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 14 basis points to 3.26% of servicers’ portfolio volume as of August 8 from 3.40% the previous week. MBA now estimates 1.6 million homeowners are in forbearance plans.
Share of Mortgage Loans in Forbearance Decreases to 3.40%
New forbearance requests fell to a three-week low, the Mortgage Bankers Association reported Monday.
Share of Mortgage Loans in Forbearance Decreases to 3.40%
New forbearance requests fell to a three-week low, the Mortgage Bankers Association reported Monday.
Hiring Heats Up in July
The labor market surged again in July with 943,000 new jobs created, the Bureau of Labor Statistics reported Friday.
Quote
The [Bureau of Labor Statistics employment report] showed employment up by more than one million in July, as the number of unemployed fell and more people returned to the labor force. Although there are concerns regarding the impact of the delta variant, these data show an economy that was continuing to recover in July.”
–MBA Chief Economist Mike Fratantoni