Mortgage servicing rights trading has remained brisk thus far in 2023. To help buyers and sellers capitalize on this important strategy while minimizing their risks, MBA NewsLink interviewed Tom Piercy, Managing Director, and Bob Dowell, Managing Director, Analytics, with Incenter Mortgage Advisors and Pamela Hamrick, President of Incenter Diligence Solutions.
Category: News and Trends
Quote Tuesday, July 18, 2023
“Mortgage forbearance has declined because most homeowners have maintained or improved their financial health. Recent reporting by the U.S. Bureau of Labor Statistics shows continued job growth in June and a 3.6 percent unemployment rate. The employment situation tracks with homeowners’ ability to make mortgage payments.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
Fitch Ratings: Non-Bank Mortgage Lenders to Withstand Liquidity, Funding Pressures
U.S. non-bank mortgage companies are positioned to withstand liquidity and funding pressures amid the fallout from recent bank failures, growing recessionary risks and tightening lending standards, reported Fitch Ratings, New York.
Incenter’s Piercy, Dowell and Hamrick: Optimizing MSR Trades While Minimizing Risks
Mortgage servicing rights trading has remained brisk thus far in 2023. To help buyers and sellers capitalize on this important strategy while minimizing their risks, MBA NewsLink interviewed Tom Piercy, Managing Director, and Bob Dowell, Managing Director, Analytics, with Incenter Mortgage Advisors and Pamela Hamrick, President of Incenter Diligence Solutions.
MBA Research Roundup June 2023
Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments crucial to the real estate finance industry.
CoreLogic: Mortgage Performance Still Strong in April
CoreLogic, Irvine, Calif., released its Loan Performance Insights Report for April, showing that despite some small upticks in certain areas, mortgage delinquencies remain near record lows.
FHFA: More Than 6.7M Troubled Homeowners Helped During Conservatorships
Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions in the first quarter, the Federal Housing Finance Agency reported.
Quote Tuesday, July 11, 2023
“Mortgage performance remained strong in April, with overall delinquencies at minimal levels and serious delinquencies at a 23-year low.”
–Molly Boesel, Principal Economist for CoreLogic, Irvine, Calif.
MBA: Share of Mortgage Loans in Forbearance Drops to 0.49% in May
The total number of loans now in forbearance decreased to 0.49% for May from 0.51% of servicers’ portfolio volume in April, the Mortgage Bankers Association’s monthly Loan Monitoring Survey reported.
S&P Global Ratings: Selective Defaults Increase
Selective defaults have increased in recent years, which can create a “slippery slope” to future defaults, reported S&P Global Ratings, New York.