There is no downplaying the destruction the COVID-19 pandemic has had on our economy and the financial lives of millions of Americans. But it is also threatening the up-and-coming generation of home buyers, particularly minorities.
Tag: Mortgage Servicing
MBA: Share of Mortgage Loans in Forbearance Levels Out at 8.55%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Levels Out at 8.55%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans.
MBA, Trade Groups Oppose ‘Fundamentally Flawed’ California COVID Relief Bill
The Mortgage Bankers Association and nearly two dozen other industry trade groups sent a letter this week to California legislators, strongly opposing as “fundamentally flawed” and “disruptive” a broad-brush bill aimed at assisting state residents experiencing financial difficulties amid the coronavirus pandemic.
Chris McEntee of ICE Mortgage Services on COVID-19 and Impetus for the Digital Mortgage Process
Chris McEntee is President of ICE Mortgage Services, Atlanta, the business unit responsible the Mortgage Electronic Registration System (MERS), which is now part of Intercontinental Exchange Inc. He serves as a Director of ICE Mortgage Services, the governing board of MERSCORP Holdings Inc. and chairs the Company’s Compliance, Governance and Risk Management Committee.
MBA Survey: Share of Mortgage Loans in Forbearance Slows to 8.53%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 8.53% of mortgage servicers’ portfolio volume as of May 31, compared to 8.46% the prior week. MBA now estimates nearly 4.3 million homeowners are in forbearance plans.
MBA Survey: Share of Mortgage Loans in Forbearance Increases to 8.53%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 8.53% of mortgage servicers’ portfolio volume as of May 31, compared to 8.46% the prior week. MBA now estimates nearly 4.3 million homeowners are in forbearance plans.
Black Knight: 1 in 10 Homeowners in Forbearance Hold 10% or Less Equity in Their Homes
Black Knight, Jacksonville, Fla., said with its analysis of borrowers in forbearance showing forbearance volumes falling for the first time since the crisis began, industry participants – especially servicers and mortgage investors – must now shift from pipeline growth to pipeline management and downstream performance of loans in forbearance.
MISMO Seeks Participants to Help Reduce Mortgage Servicing Portfolio Risk
MISMO, the mortgage industry standards organization, seeks industry participants to join a Development Work Group to create a new standardized mortgage servicing portfolio risk and retention dataset.
MISMO Seeks Participants to Help Reduce Mortgage Servicing Portfolio Risk
MISMO, the mortgage industry standards organization, seeks industry participants to join a Development Work Group to create a new standardized mortgage servicing portfolio risk and retention dataset.