MBA: Share of Loans in Forbearance Falls to 5.05%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance fell by 9 percent to 5.05% of mortgage servicers’ portfolio volume as of March 14 from 5.14% the week earlier–the lowest level in nearly a year. MBA estimates 2.5 million homeowners are in forbearance plans.

MBA RIHA Study: Affordability Growing Challenge for Low-, Moderate-Income Renters in Majority of Top 50 Metro Areas

Home prices and rent appreciation have exceeded income growth since the turn of the 21st century. This has created economic obstacles for many American households, especially for low- and moderate-income renters living in cities with recent employment growth but significant housing supply constraints, according to a new report from the MBA Research Institute for Housing America.

MBA: Share of Mortgage Loans in Forbearance Decreases to 5.14%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 5.14% of servicers’ portfolio volume as of March 7 from 5.20% the prior week. MBA estimates 2.6 million homeowners are in forbearance plans.

MBA: Share of Mortgage Loans in Forbearance Decreases to 5.20%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 3 basis points to 5.20% of servicers’ portfolio volume as of February 28 from 5.23% the previous week. MBA estimates 2.6 million homeowners are in forbearance plans.

MBA: Share of Mortgage Loans in Forbearance Decreases to 5.20%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 3 basis points to 5.20% of servicers’ portfolio volume as of February 28 from 5.23% the previous week. MBA estimates 2.6 million homeowners are in forbearance plans.

February Sees Strong 379K Job Gain

Employers added an impressive 379,000 jobs last month, the Bureau of Labor Statistics reported Friday, welcome news for an economy still struggling with the loss of millions of jobs resulting from the coronavirus pandemic.

ADP: February Private-Sector Employment Up 117,000

Ahead of this Friday’s employment report from the Bureau of Labor Statistics and this morning’s weekly initial claims for unemployment insurance report from the Labor Department, ADP, Roseland, N.J., said private-sector employment increased by 117,000 jobs from January to February.