The Mortgage Bankers Association and nearly 300 other industry trade groups and community organizations urged Congress to include direct assistance to homeowners with COVID-19 hardships in any upcoming economic stimulus package.
Category: News and Trends
Nick Volpe: Managing Effects of Changing Regulations on Mortgage Servicing Operations
As loan servicers continue to battle operational challenges and brace themselves for continuously high volume, there are strategies they should consider to better navigate the changing landscape.
MBA CREF 2021: A Conversation with GSE Leadership
One year ago, nearly no one could have predicted what 2020 would bring. Everyone in the real estate world had to adjust their expectations.
MBA RIHA Study Shows Progress, but 5 Million Renters, Homeowners Missed December Payments
Five million households did not make their rent or mortgage payments in December, and 2.3 million renters and 1.2 million mortgagors believe they are at risk of eviction or foreclosure or would be forced to move in the next 30 days, according to fourth-quarter research by the Mortgage Bankers Association’s Research Institute for Housing America.
Troubled Commercial Mortgage Loan Triage: A Special Servicer Roundtable
With the ebb and flow of 2020 market disruption in the rearview mirror and the vaccine rollout in full swing, MBA NewsLink checked in with two special servicers, a rating agency servicer analyst and Freddie Mac asset management chief to explore what is happening in commercial/multifamily markets, where different parts of the commercial real estate finance ecosystem are today and factors driving the outlook for agency and non-agency CMBS sectors.
MBA Comment Letter Asks Level Playing Field on Consumer Access to Financial Records
The Mortgage Bankers Association submitted a comment letter Thursday to the Consumer Financial Protection Bureau, asking that a Bureau proposal on consumer access to financial records provide a level playing field for all authorized data users and promotes consumer awareness in the ways that data are accessed and used.
Addressing America’s Affordability Crisis
Moody’s Analytics and the Urban Institute recently reported that more than 10 million U.S. renter households owe more than $5000 in back rent and fees as America’s affordability problem worsens during the pandemic. Analysts took on these and other issues in a lively session at the Mortgage Bankers Association’s CREF21 virtual convention.
ATTOM: 4Q Home Equity Improves
ATTOM Data Solutions, Irvine, Calif., released its fourth-quarter U.S. Home Equity & Underwater Report, which noted an increase to 17.8 million residential properties in the United States considered equity-rich—the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.
MBA, Trade Groups Urge Housing Priorities in Relief Package
The Mortgage Bankers Association and more than a dozen industry trade groups sent a letter to leaders in Congress this week, urging them to include housing priorities in the next round of economic stimulus.
Quote
“Gradual improvements in the labor market and economy helped more renters and homeowners make their housing payments at the end of 2020. However, the COVID-19 pandemic continues to cause financial stress for millions of Americans, and particularly for those who rent and have student loan debt.”
–Gary V. Engelhardt, Professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University, on latest findings of a report from the MBA Research Institute for Housing America