The Mortgage Bankers Association announced the Affordable Housing Alliance of Central Ohio will serve as the local host organization for CONVERGENCE Columbus, MBA’s initiative to help close the Black homeownership gap and promote affordable housing through community partnerships in Columbus, Ohio.
Category: News and Trends
MISMO Seeks Public Comment on FIPS Code Lending Limit API Specification
MISMO®, the real estate finance industry standards organization, seeks public comment on a new FIPS Code Lending Limit API Specification, which will illustrate how to define a standard REST-based OpenAPI for searching lending limits based on a property’s postal code and county name.
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.
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“Next year will be particularly challenging for the U.S. and global economies. The sharp increase in interest rates this year – a consequence of the Federal Reserve’s efforts to slow inflation, will lead to an equally sharp slowdown in the economy, matching the downturn that is happening right now in the housing market.”
–MBA Chief Economist Mike Fratantoni.
MBA: September Share of Mortgage Loans in Forbearance Decreases to 0.69%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 3 basis points to 0.69% of servicers’ portfolio volume as of Sept. 30, down from 0.72% in August. MBA estimates 345,000 homeowners remain in forbearance plans.
MBA: September Share of Mortgage Loans in Forbearance Decreases to 0.69%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 3 basis points to 0.69% of servicers’ portfolio volume as of Sept. 30, down from 0.72% in August. MBA estimates 345,000 homeowners remain in forbearance plans.
CMBS Delinquency Rate Falls; Special Servicing Rate Increases
The commercial mortgage-backed securities delinquency rate fell slightly in September, offset by an increase in the special servicing rate.
MBA Urges FHFA to Embrace Standards-Based Technology Approaches to Fintech
The Mortgage Bankers Association, in a letter last week to the Federal Housing Finance Agency, said the Agency should not inadvertently hinder innovation through choices made by its regulated entities.
MBA: 3Q Commercial, Multifamily Mortgage Delinquency Rates Decline
Delinquency rates for mortgages backed by commercial and multifamily properties declined through the third quarter, according to the Mortgage Bankers Association’s latest CREF Loan Performance Survey.
MBA, Black Homeownership Collaborative Urge HUD to Reduce FHA Mortgage Insurance Premiums
The Mortgage Bankers Association and several trade associations representing the Black Homeownership Collaborative sent a letter to HUD Secretary Marcia Fudge last week urging the Department to make meaningful reductions to the annual Mortgage Insurance Premium and suspend life-of-loan requirements for borrowers with FHA-insured loans.