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.
Category: News and Trends
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
MBA: Share of Loans in Forbearance Unchanged at 5.38%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance remained unchanged at 5.38% of servicers’ portfolio volume as of January 24. MBA estimates 2.7 million homeowners are in forbearance plans.
MBA: January Commercial, Multifamily Mortgage Delinquencies Decrease
Delinquency rates for mortgages backed by commercial and multifamily properties decreased in January, according to the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey.
MBA: Share of Loans in Forbearance Unchanged at 5.38%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance remained unchanged at 5.38% of servicers’ portfolio volume as of January 24. MBA estimates 2.7 million homeowners are in forbearance plans.
The CMBS Market During the Pandemic: Q&A with Dechert’s Richard Jones
MBA NewsLink interviewed Dechert Partner Richard Jones. He focuses his practice on sophisticated capital markets and mortgage finance transactions. He leads Dechert’s commercial mortgage-back securities team and serves as co-chair of the firm’s global finance group.
STR, TE Again Downgrade Hotel Forecast
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., once again slightly downgraded their forecast for the U.S. hotel sector.