Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage rates and persistently high home prices, said Redfin, Seattle.
Category: News and Trends
FHA 2022 Actuarial Report Shows Continued Improvements in Capital Ratio, HECM Performance
The Federal Housing Administration on Nov. 15 released its Annual Actual Report on the status of its Mutual Mortgage Insurance Fund, showing an increase in congressionally mandated capital reserve ratios, lower delinquency levels and a decrease in borrowers in forbearance plans.
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“Given FHA’s healthy financial position, MBA continues to believe that HUD should make FHA loans more affordable by reducing mortgage insurance premiums as soon as budgetary opportunities allow. This move would help offset the impact of higher mortgage rates and improve the purchasing power for many prospective first-time homebuyers, minority buyers, and those with low and moderate incomes.”
–MBA President & CEO Robert Broeksmit, CMB.
MBA: 3Q Mortgage Delinquencies Fall to New Survey Low
The Mortgage Bankers Association on Thursday released its 3rd Quarter National Delinquency Survey, reporting delinquency rate for mortgage loans on one-to-four-unit residential properties fell to its lowest level since the Survey’s inception.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 21-24
The Mortgage Bankers Associations Servicing Solutions Conference & Expo, Roadmap to Servicing Success, takes place Feb. 21-24 at the Hyatt Regency Orlando.
FHFA Announces 2023 Multifamily Loan Purchase Caps for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency on Friday announced 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion for each Enterprise (for a total of $150 billion).
3Q Fraud Index Shows Increase in Multifamily Risk
CoreLogic, Irvine, Calif., said its National Mortgage Fraud Risk Index showed little change in the third quarter, although it noted a “significant” increase in risk levels for multifamily purchases.
MBA: 3Q Mortgage Delinquencies Fall to New Survey Low
The Mortgage Bankers Association on Thursday released its 3rd Quarter National Delinquency Survey, reporting delinquency rate for mortgage loans on one-to-four-unit residential properties fell to its lowest level since the Survey’s inception.
MBA Announces 2023 Affordable Homeownership Advisory Council Membership
The Mortgage Bankers Association announced members of its 2023 Affordable Homeownership Advisory Council. The Affordable Homeownership Advisory Council was formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.
Fitch: Most Maturing CMBS Conduit Loans Can Refinance
Maturing commercial mortgage-backed securities loans have elevated refinancing risk due to rising interest rates and a weakening macroeconomic outlook, reported Fitch Ratings, New York.