The Federal Housing Finance Agency announced the members of its Advisory Committee on Affordable, Equitable and Sustainable Housing, which includes several members of the Mortgage Bankers Association.
Category: News and Trends
To the Point With Bob–Mortgage Servicers: Diligently Serving Borrowers Through Constant Change
Mortgage servicers have a vital function in the mortgage market and the wider economy, writes MBA President and CEO Bob Broeksmit, CMB.
MBA Chart of the Week: Value of Private Construction Put-in-Place
Physicists have protons, neutrons, and electrons. Biologists have DNA and RNA. And economists have supply and demand — the building blocks upon which most of our understanding of markets rest.
ICE: Mortgage Performance Remains Strong in May First Look
Intercontinental Exchange, Atlanta, released a first look at May mortgage data, finding the national delinquency rate fell to the second lowest point on record.
‘Sandwich Generation’ Sees Pros, Cons for Home Ownership, Realtor.com Survey Finds
Realtor.com, Santa Clara, Calif., recently conducted a survey that shed more light on the homebuying behavior of the “Sandwich Generation”–Americans who are taking care of their children and aging parents (or sometimes grandparents) simultaneously.
MBA’s Broeksmit: Setting the Record Straight About MBA’s Advocacy on Credit Reporting Costs
Mortgage Bankers Association President & CEO Bob Broeksmit, CMB, weighed in last Tuesday to set the record straight about credit reporting costs.
GSEs Completed 52,154 Foreclosure Prevention Actions in 1Q, FHFA Finds
Fannie Mae and Freddie Mac completed more than 52,000 foreclosure prevention actions in the first quarter, bringing the total to nearly 7 million since the start of conservatorships, the Federal Housing Finance Agency reported.
Servicing Quote Tuesday, June 25, 2024
“The performance of servicing portfolios in May was solid, with about 96% of borrowers making their mortgage payments on time.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.21% in May
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance declined slightly to 0.21% as of May 31, 2024.
Commercial and Multifamily Mortgage Debt Outstanding Increased in First Quarter: MBA
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9%) in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.