NASHVILLE, Tenn.—Independent mortgage banks know full well the importance of risk, whether it’s developing business strategies—or preparing for Fair Lending examinations.
Category: News and Trends
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“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.
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“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.
Black Knight: Rising Rates Push Refi Candidates Down to 7.1M
Black Knight, Jacksonville, Fla., said rapidly rising mortgage interest rates have shrunk the number of “high-quality” refinance candidate households to just 7.1 million, the lowest total since November 2019.
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.