This week’s chart highlights the seriously delinquent rate – the percentage of loans that are 90 days or more delinquent or in the process of foreclosure – in every state across the country.
Category: News and Trends
Life Insurance Commercial Mortgage Returns Stabilize, Credit Concerns Remain
Trepp, New York, said returns for life insurance commercial mortgages stabilized in the third quarter, but noted credit concerns remain.
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“While a revised capital framework for the GSEs is a necessary step to ensure their safety and soundness, we are disappointed with several aspects of the final rule…given that this rule will affect both the cost and availability of mortgage credit for borrowers, we believe FHFA should conduct a quantitative impact study to determine the full impact of the rule.”
–MBA President & CEO Robert Broeksmit, CMB, responding to a Federal Housing Finance Agency final rule on a capital framework for Fannie Mae and Freddie Mac.
FHFA Sets Final Rule for GSE Regulatory Capital Framework
The Federal Housing Finance Agency on Nov. 18 released a final rule that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac.
FHFA Sets $70 Billion 2021 GSE Multifamily Loan Purchase Caps
The Federal Housing Finance Agency last week announced 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $70 billion for each Enterprise, totaling $140 billion in support to the multifamily market.
MBA: Upward Revisions to 2020, 2021 Mortgage Forecasts
The most volatile and unpredictable economy in a decade has produced the strongest housing market in more than a decade—and, according to the Mortgage Bankers Association, it could get even stronger.
Ratings Agency Seeks Better CRE Lending Disclosures
Better disclosures would allow rating agencies to better assess commercial real estate credit risk in bank loan portfolios, said DBRS Morningstar, Toronto.
MBA: Share of Mortgage Loans in Forbearance Falls to 5.47%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased for the 11th week in a row, to 5.47% of servicers’ portfolio volume as of Nov. 8 from 5.67% the prior week – a 20-basis-point improvement. MBA now estimates 2.7 million homeowners are in forbearance plans.
FHA 2020 Actuarial Report: MMI Fund Capital Ratio at 13-Year High
The Federal Housing Administration om Friday said its Mutual Mortgage Insurance Fund capital ratio ended fiscal year 2020 at 6.1 percent, well above its congressionally mandated 2.0 percent capital ratio to its highest level since 2007.
FHA Proposes Private Flood Insurance Option for Single-Family Mortgages
The Federal Housing Administration last week published a proposed rule to allow a private flood insurance option, instead of insurance through the National Flood Insurance Program, when flood insurance is required by FHA.