The pandemic was a major lesson that taught businesses to stay prepared for the uncertain future. So, let’s get into the minds and hearts of the lenders and borrowers, and identify which factors could help sustain the lending business in the coming decade.
Category: News and Trends
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“More newly built homes and more homeowners listing their homes for sale should lead to some deceleration in home-price growth next year. This is good news for the many would-be buyers who are currently priced out or delaying decisions because of low supply conditions and steep home-price appreciation.”
–MBA Chief Economist Mike Fratantoni.
CoreLogic: Delinquency Rates Approach Pre-Pandemic Levels
CoreLogic, Irvine, Calif., said delinquency rates on all mortgages in the U.S. fell in July to the lowest rates since March, edging closer to pre-pandemic levels.
September CMBS Delinquency, Special Servicing Rates Drop
Fitch Ratings, New York, and Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate continued it steady fall in September.
Share of Mortgage Loans in Forbearance Decreases to 2.62%
Mortgage borrowers exited forbearance at the fastest rate in more than a year, the Mortgage Bankers Association reported Monday.
REITs Show Significant 2021 Gains
JLL, Chicago, said real estate investment trusts have shown strong earnings growth in 2021.
Black Knight: Strong Equity Could Affect Foreclosure Starts
Black Knight, Jacksonville, Fla., said even though just 7% of homeowners in forbearance have less than 10% equity after including 18 months of deferred payments, the potential for foreclosure activity persists.
MBA: September Commercial, Multifamily Mortgage Delinquencies Decline
Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
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“Commercial and multifamily mortgage performance has improved considerably since the worst of the downturn. The stress that entered–and remains–in the market is largely concentrated in lodging and retail properties, with fewer new loans becoming delinquent and shrinking balances of overall delinquency as lenders and servicers work out the longer-term troubled loans.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
RMQA21: Risk Managers Weigh In
WASHINGTON, D.C.–Risk managers worked hard to maintain operations, employee morale and productivity when the pandemic hit, top risk management executives said during the recent Mortgage Bankers Association Risk Management, QA and Fraud Prevention Forum 2021.