The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 0.47% of servicers’ portfolio volume in the prior month to 0.40% as of January 31, 2025. According to MBA’s estimate, 200,000 homeowners are in forbearance plans.
Category: News and Trends
Zombie Foreclosures Still Quite Low in Q1
ATTOM, Irvine, Calif., released its first-quarter 2025 Vacant Property and Zombie Foreclosure Report, finding that 1.4 million residential homes in the U.S. are vacant.
Achieve Survey: Americans’ Financial Trends Stable, but Challenges Remain
Achieve, San Mateo, Calif., released its quarterly debt survey, finding that 26% of households report accruing more debt over the past quarter. However, that’s down from the 28% that said the same in Q4 2024.
MBA Chart of the Week: CRE Loan Maturity Volumes
Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024, according to the Mortgage Bankers Association’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes.
ICE: Foreclosure Starts Jump in January
Intercontinental Exchange Inc., released its “first look” at January mortgage performance, finding that foreclosure starts jumped by 30% and foreclosure sales rose by 25%.
2025’s Survival Strategy? Building a QC-Centric Culture (Sponsored by ACES Quality Management)
As the mortgage industry braces for changes, proactive QC programs are essential to ensure compliance, trust and resilience.
Servicing Quote of the Week
“The drop in the overall critical defect rate this quarter is a welcome shift, but the underlying trends tell a more complex story. The sharp rise in insurance defects, combined with fluctuations in key underwriting categories, reinforces the need for lenders to stay agile in their quality control efforts.”
–Nick Volpe, Executive Vice President of ACES Quality Management
ACES: Q3 2024 Critical Defect Rate Falls
ACES Quality Management, Denver, released its Q3 Mortgage QC Trends Report, finding the overall critical defect rate declined from the second quarter by 17%. The overall rate ended the quarter at 1.51%.
2025 Opens With Lower CMBS Delinquency Rate, Fitch Finds
The overall U.S. commercial mortgage-backed securities delinquency rate decreased by three basis in January to 2.95%, according to Fitch Ratings, New York.
MBA Releases 2024 Year-End Commercial/Multifamily Servicer Rankings
The Mortgage Bankers Association (MBA) Feb. 10 released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of Dec. 31, 2024, at its 2025 Commercial/Multifamily Finance Convention and Expo.