Quote

“Cost-burdened individuals were more likely to work in the industries most susceptible to pandemic-related job loss and the ones who will have the most challenging roads to full recovery. As the country gets back on its feet, it is imperative that we not go back to a status quo that left too many Americans behind, many of the country’s renters cost burdened and our nation 7.3 million homes short of meeting housing needs.”
–From an MBA/coalition letter urging support of the Housing Supply and Affordability Act.

Fannie Mae Updates Servicer Toolkit

Fannie Mae, Washington, D.C., last week updated its Servicer Toolkit, providing new content and resources for mortgage servicers.

Fannie Mae Updates Servicer Toolkit

Fannie Mae, Washington, D.C., last week updated its Servicer Toolkit, providing new content and resources for mortgage servicers.

MBA: Share of Loans in Forbearance Falls to 5.05%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance fell by 9 percent to 5.05% of mortgage servicers’ portfolio volume as of March 14 from 5.14% the week earlier–the lowest level in nearly a year. MBA estimates 2.5 million homeowners are in forbearance plans.

MBA Urges Treasury, FHFA to Reconsider GSE Purchase Caps

The Mortgage Bankers Association on Monday asked for a meeting with Treasury and Federal Housing Finance Agency officials to address MBA member concerns over newly imposed limits on government-sponsored enterprise operations that could cause potential disruptions to the housing finance system.