“For three consecutive months, the forbearance rate has remained flat–an indicator that we may have reached a floor on further improvements.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
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“We expect borrowing and lending backed by commercial and multifamily properties to decline again this year. Uncertainty and volatility around the paths of the economy, interest rates, and property valuations will likely continue to cause instability for commercial real estate markets well into this year.”
–MBA Head of Commercial Real Estate Research Jamie Woodwell.
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“This year’s Opens Doors’ annual appeal comes at a time when the industry is managing a major shift in the market. But even amid these challenging times, the industry has stepped up to support the work of the Foundation in an extraordinary way. This strong support ensures that we will be able to help thousands of families in the coming year.”
–Debra W. Still, CMB, President & CEO of Pulte Financial Services and Chairman of the MBA Opens Doors Foundation Board of Directors.
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“The pandemic has resulted in the digital Band-Aid being ripped off. Once the digital transformation took place–once the documents arrived electronically and the loan didn’t fall off the back of the FedEx truck–what we saw was the market responded. They started to accept eNotes, and they saw state after state passing Remote Online Notarization legislation,”
–Camelia Martin, Head of Industry & Regulatory Affairs with Snapdocs, San Francisco.