According to the latest results from MBA’s National Delinquency Survey (NDS), the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.98 percent of all loans outstanding at the end of the fourth quarter of 2024.
Category: News and Trends
Servicing Quote of the Week
“At MBA, we envision a new era in our relationship with Fannie and Freddie. We welcome the strengthening of our partnership. Lenders of all types and sizes and servicing firms can and should be partners with the GSEs to sustain a housing finance system that is stable, liquid, enables homeownership and the creation of generational wealth.”
–MBA President and CEO Bob Broeksmit, CMB, discussing talk around ending the GSEs’ conservatorship at the Independent Mortgage Bankers conference
FOMC Holds Rates Steady; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee left interest rates unchanged Jan. 29.
Broeksmit: Big Challenges, Big Opportunities
AUSTIN–The last few years have seen big challenges for mortgage bankers: COVID, market disruptions, inflation, and high interest rates to name a few. But there are many opportunities for mortgage bankers to be part of something that will benefit our industry and our customers, according to MBA President and CEO Bob Broeksmit, CMB.
MBA Letter to Senate Banking Committee on Bill Pulte’s Nomination to Lead FHFA
The Mortgage Bankers Association released a letter to express the real estate finance industry’s strong support for President Trump’s nomination of William J. “Bill” Pulte to be the next Director of the Federal Housing Finance Agency (FHFA).
ATTOM: Home Equity Steady in Q4
ATTOM, Irvine, Calif., released its Q4 2024 U.S. Home Equity and Underwater Report, showing that 47.7% of mortgaged residential properties could be deemed equity-rich in the quarter.
Fitch Says Mortgage Insurers Will See ‘Limited’ Earnings Pressure from Catastrophes
Fitch Ratings, New York, said recent natural catastrophe activity from wildfires and hurricanes will likely incrementally increase mortgage delinquencies, but will have a relatively immaterial effect on ultimate paid claims experience and ratings for mortgage insurers.
Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024, MBA Finds
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s latest commercial real estate finance (CREF) Loan Performance Survey.
Servicing Quote of the Week
“The overall mortgage forbearance rate decreased slightly in December as some borrowers got back on track following last fall’s severe weather in the Southeast.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.
Learn About the CMB Designation From Industry Leaders
MBANow recently sat down with some mortgage industry leaders to hear about their experience with the Certified Mortgage Banker designation.