The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 4 basis points to 3.87% of servicers’ portfolio volume as of June 27 from 3.91% the prior week. MBA estimates 1.9 million homeowners are in forbearance plans–the first time that two million or fewer homeowners have been in forbearance plans since March 2020, at the onset of coronavirus pandemic.
Tag: Mike Fratantoni
June Jobs Report Blows Past Expectations
Total nonfarm employment increased by 850,000 in June, the Bureau of Labor Statistics reported Friday, well above expectations amid rising demand for services hit hard by the coronavirus pandemic.
MBA Weekly Applications Survey June 30, 2021: Apps Fall to Near 18-Month Low
Mortgage applications fell to their lowest level in nearly a year and a half amid volatile interest rate activity, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 25.
MBA Weekly Applications Survey June 30, 2021: Apps Fall to Near 18-Month Low
Mortgage applications fell to their lowest level in nearly a year and a half amid volatile interest rate activity, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 25.
MBA: Share of Mortgage Loans in Forbearance Falls 17th Straight Week
Loans in forbearance fell for the 17th straight week–and for the second straight week, remained below 4 percent–the Mortgage Bankers Association reported Monday.
MBA: Share of Mortgage Loans in Forbearance Falls 17th Straight Week
Loans in forbearance fell for the 17th straight week–and for the second straight week, remained below 4 percent–the Mortgage Bankers Association reported Monday.
Share of Mortgage Loans in Forbearance Falls Under 4%
The share of mortgage loans in forbearance fell for the 16th straight week and is now under 4 percent for the first time since onset of the coronavirus pandemic, the Mortgage Bankers Association reported Monday.
Share of Mortgage Loans in Forbearance Falls Under 4%
The share of mortgage loans in forbearance fell for the 16th straight week and is now under 4 percent for the first time since onset of the coronavirus pandemic, the Mortgage Bankers Association reported Monday.
Fed Sees Rising Economic Growth—and Inflation; Moves Up Rate Hike Timetable
The Federal Reserve isn’t raising interest rates anytime soon, but it did suggest Wednesday that the timetable for increases could begin sooner in 2023 if economic growth and inflation continue to rise faster than expected.
Share of Mortgage Loans in Forbearance Decreases to 4.04%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 12 basis points to 4.04% of servicers’ portfolio volume as of June 6 from 4.16% the prior week–the 15th consecutive week of declines.