The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 4 basis points tp 0.60% of servicers’ portfolio volume as of February 28 from 0.64% in January. MBA estimates 300,000 homeowners are in forbearance plans.
Category: News and Trends
MBA: 4Q Commercial, Multifamily Mortgage Debt Outstanding Up By $324B
Commercial/multifamily mortgage debt outstanding at year-end 2022 rose by $324 billion (7.7 percent) from the previous year, the Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding Report said.
CFPB Releases 2022 HMDA Data
The Consumer Financial Protection Bureau on Monday made Home Mortgage Disclosure Act Modified Loan Application Register data for 2022 available through the Federal Financial Institutions Examination Council’s HMDA Platform for more than 4,000 HMDA filers.
MBA Launches CONVERGENCE Philadelphia
The Mortgage Bankers Association on Wednesday launched CONVERGENCE Philadelphia, its third city-based pilot program to promote and increase minority homeownership. CONVERGENCE Philadelphia joins initiatives underway in Memphis, Tenn., and Columbus, Ohio.
FHFA Delays Effective Date of GSE DTI Ratio-Based Fee to Aug. 1
The Federal Housing Finance Agency on Wednesday said it would delay implementation of certain recalibrated upfront fees for Fannie Mae/Freddie Mac until Aug. 1.
U.S. Loses 58 ‘Million-Dollar Cities’ Since July
Zillow, Seattle, said 464 cities in the U.S. have typical home values of $1 million or more. That’s way down from last July, when 522 cities hit the mark.
RIHA Releases Second Collection of Essays on Climate Change’s Impact on Real Estate Finance
The Mortgage Bankers Association’s Research Institute for Housing America published a second collection of essays that addresses affects of climate change on the real estate finance industry.
Quote: Tuesday Mar. 21, 2023
“MBA is developing stronger and more effective affordable housing partnerships to close the minority homeownership gap and create meaningful change in underserved communities. CONVERGENCE Philadelphia will bring together a local network of housing leaders, non-profits and other stakeholders to collaborate on sustainable housing opportunities in the city.”
–MBA President and CEO Bob Broeksmit, CMB.
MBA Secondary and Capital Markets Conference in NYC May 21-24
The Mortgage Bankers Association’s Secondary & Capital Markets Conference returns to the New York Marriott Marquis May 21-24.
CMBS Delinquency Rate Dips; Special Servicing Rate Increases
Fitch Ratings, New York, reported the commercial mortgage-backed securities delinquency rate decreased two basis points in February to 1.83%.