MBA’s Disaster Recovery: A Resource for Homeowners is a resource paper for homeowners that outlines what to do before and after the disaster, along with how to start and then work through the recovery process.
Category: News and Trends
Servicing Quote of the Week
“Despite February’s monthly decline of loans in forbearance, the estimated number of forbearances and loan workouts increased compared to one year ago.”
–MBA’s Vice President of Industry Analysis Marina Walsh, CMB
MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.38% in February
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.40% of servicers’ portfolio volume in the prior month to 0.38% as of Feb. 28, 2025.
Optimal Blue: February Sees Surge in Rate-and-Term Refinances
Optimal Blue, Plano, Texas, recorded a 7% month-over-month increase in mortgage lock volume in February, largely driven by strong refinance activity.
Servicing Quote of the Week
“While it’s no surprise that insurance costs are rising, we’re beginning to see emerging trends in terms of how homeowners are responding to the higher cost environment.”
–Andy Walden, Head of Mortgage and Housing Market Research for Intercontinental Exchange
Trepp: CMBS Delinquency Rate Decreases in February
Trepp, New York, found the CMBS Delinquency Rate fell in February, with the overall rate decreasing 26 basis points to 6.3%.
VantageScore CreditGauge: Mortgages Help Drive Credit Balance Increases in January
VantageScore, San Francisco, released its CreditGauge report for January, finding average overall credit account balances rose by more than $1,000 from December 2024.
Tavant’s Sandeep Shivam: How Gen AI-Powered Coaching Revolutionizes Mortgage Servicing
As a result of the increasing costs and negative customer experiences reported, mortgage servicing companies are seeking technology solutions that leverage artificial intelligence to more effectively answer customer questions and resolve incoming customer inquiries.
Jobs Up by 151,000 in February; Unemployment Rate Ticks Up
The Bureau of Labor Statistics released February employment numbers, finding total nonfarm payroll rose by 151,000 in February.
MBA Chart of the Week: Monthly Payroll Growth, Unemployment Rates
The job market softened somewhat in February, with the unemployment rate increasing to 4.1%, the pace of private sector job growth up by 140,000, and wage growth steady at 4%.