Down Payment Resource, Atlanta, said results of its latest Homeownership Program Index showed measurable quarter-over-quarter gains in program funding levels and an increased prevalence of programs aimed at assisting community heroes.
Category: News and Trends
A More Challenging Economic Environment for IMBs
NASHVILLE, Tenn.—The nation’s economy—and just as importantly, the housing market—are as challenging and as opportunistic in any time in history, according to Mortgage Bankers Association economists.
Managing Fair Lending for IMBs
NASHVILLE, Tenn.—Independent mortgage banks know full well the importance of risk, whether it’s developing business strategies—or preparing for Fair Lending examinations.
Quote
“For some of you, 2022 and 2023 will be as busy as ever. For others, those years are going to be a very different environment.”
–MBA Chief Economist Mike Fratantoni.
Black Knight: Foreclosures at Record Low—But…
Black Knight, Jacksonville, Fla., reported just 0.24 percent of loans in active foreclosure in December, a record low, but cautioned that mortgage delinquency rates remain more than two times pre-pandemic levels.
Employers Pause Return-to-Office Plans
Employers are pausing their return to office plans in light of the Delta and Omicron COVID variants, said Yardi CommercialEdge, Santa Barbara, Calif.
MBA: Share of Mortgage Loans in Forbearance Decreases to 1.41% in December
Loans now in forbearance decreased 26 basis points during December to 1.41% of servicers’ portfolio volume as of December 31, the Mortgage Bankers Association’s new monthly Loan Monitoring Survey reported.
Quote
“It is likely that the remaining borrowers in forbearance have experienced either a permanent hardship that may require more complex loan workout solutions or they have encountered a recent hardship for which they are now seeking relief.”
–MBA Vice President of Industry Analytics Marina Walsh, CMB.
MBA Launches Developing Leaders Mentoring Program; Application Deadline Feb. 4
The Mortgage Bankers Association’s Developing Leaders Mentoring Program is a newly launched 12-month program designed to support development of employees within our member organizations.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25
The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando.