“MBA is committed to working with the incoming HUD leadership and staff on policies and programs that boost housing supply, improve affordability, and address challenges and opportunities at the Federal Housing Administration and Ginnie Mae.”
–MBA President and CEO Bob Broeksmit, CMB, discussing Scott Turner’s nomination to be Secretary of the Department of Housing and Urban Development
ACES Quality Management, Denver, found the overall critical defect rate increased to 1.81% during the second quarter, moving closer to the precarious 2% threshold.
S&P Global Ratings, Princeton, N.J., said its sector view for U.S. property and casualty insurance has improved from negative to stable.
Intercontinental Exchange Inc., Atlanta, provided its first look at October mortgage performance, finding that the delinquency rate hit 3.45% in October, up 6% from October 2023.
MISMO, the real estate finance industry’s standards organization, congratulates those elected to join/continue the 2025/2026 term on the Residential Standards Governance Committee and on the Commercial Standards Governance Committee.
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on Scott Turner being nominated by President-elect Donald Trump to be Secretary of the Department of Housing and Urban Development (HUD).
Investor home purchases are now around pre-pandemic levels, reported Redfin, Seattle.
“Approximately 65,000 more borrowers are in forbearance compared to one month ago. While forbearances are still low compared to the height of the pandemic, the monthly increase in forbearances is the largest since May 2020 and likely driven by the effects of Hurricanes Helene and Milton.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of Oct. 31, 2024.
Chrissi Callaghan Rhea, Co-Founder and former President and CEO of Mortgage Investors Group, passed away Nov. 8.
