Institutional investors expect negative full-year commercial real estate returns, the Pension Real Estate Association’s Consensus Forecast Survey reported.
Category: News and Trends
Leading During Turbulent Times (MBA LIVE)
Risk managers face many challenges during this turbulent time, but the mortgage industry has largely been successful in weathering this pandemic, panelists said Wednesday during the MBA Live Risk Management, QA and Fraud Prevention Forum.
GSEs: Recession-Era QC Has Lenders Well-Prepared for Current Crisis (MBA LIVE)
Representatives of Fannie Mae and Freddie Mac said lenders thus far have weathered the coronavirus pandemic very well, thanks to lessons learned from the Great Recession.
RIHA Study: COVID-19’s Impact on Jobs, Ability to Make Housing, Student Debt Payments
During the first three months of the COVID-19 pandemic, nearly 11 million households fell behind on their rent or mortgage payments and 30 million individuals missed at least one student loan payment, according to new research released Sept. 17 by the Mortgage Bankers Association’s Research Institute for Housing America.
MBA, Trade Groups Ask Congress to Continue Flood Insurance Program
With the National Flood Insurance Programs set to expire—yet again—the Mortgage Bankers Association and nearly two dozen industry trade groups asked Congress for another program extension as policymakers work on a longer-term solution.
Susan Stewart: COVID-19 Puts Risk Management, QA, Fraud Prevention ‘Front and Center’ (MBA LIVE)
Mortgage Bankers Association Chair-Elect Susan Stewart kicked off the MBA Risk Management, Quality Assurance and Fraud Prevention Forum with an astute observation: the coronavirus pandemic has put such issues “front and center.”
MBA: Share of Mortgage Loans in Forbearance Declines to 7.01%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 15 basis points last week to 7.01% of mortgage servicers’ portfolio volume as of Sept. 6, down from 7.16% the previous week. According to MBA estimates 3.5 million homeowners are in forbearance plans.
Mortgage Rates Fall to Record Low
The 30-year fixed-rate mortgage averaged 2.86 percent last week, the lowest rate since at least 1971, reported Freddie Mac, McLean, Va.
Quote
“Many courthouses across the country have been closed or have had their caseloads dramatically reduced during the pandemic. It will be interesting to see if foreclosure starts continue to increase as these courthouses begin to re-open.”
–Rick Sharga, Executive Vice President at RealtyTrac.
Properties with Foreclosure Filings Uptick as Pandemic Continues
ATTOM Data Solutions, Irvine, Calif., reported nearly 10,000 U.S. properties with foreclosure filings in August, up 11 percent from a month ago but down 81 percent from a year ago.