The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94% of all loans outstanding at the end of the first quarter of 2024, according to the Mortgage Bankers Association’s National Delinquency Survey.
Category: News and Trends
ATTOM: Foreclosure Activity Shows Slight Decline in April
ATTOM, Irvine, Calif., released its April 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,649 U.S. properties with foreclosure filings–down 4% from a month ago and also down 4% from a year ago.
MBA Comments on the U.S. Supreme Court’s Decision in CFPB v. CFSAA
MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the U.S. Supreme Court’s decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America.
Servicing Quote Tuesday, May 14, 2024
“We share FSOC’s goals of a safe, stable, and sustainable financial services marketplace, but some of the report’s recommendations are unnecessary.” –MBA President and CEO Bob Broeksmit, CMB
Discover Home Loans: Homeowners Leaning Toward Renovation Amid Current Rates
Discover Home Loans, Riverwood, Ill., in a recent survey found 84% of American homeowners who were planning to buy a new home said their decisions have been affected by high interest rates.
MBA Recognizes Premier, Select Associate Members
MBA is proud to recognize its Premier Members and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
Homeowner Equity Dips in Q1, ATTOM Finds
ATTOM, Irvine, Calif., released its first-quarter 2024 U.S. Home Equity and Underwater report, revealing 45.8% of mortgaged residential properties in the U.S. are equity-rich.
MBA Chart of the Week: Monthly Payroll Growth, Average Hourly Earnings
The Federal Open Market Committee (FOMC) left the federal funds target unchanged at its May meeting, as incoming data regarding the strength of the economy and stubbornly high inflation have resulted in a shift in the expected timing of a first rate cut.
MBA Statement on FSOC’s Report on Mortgage Servicing
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Financial Stability Oversight Council’s (FSOC) report released Friday on nonbank mortgage servicing:
Trepp: CMBS Special Servicing Rate Jumps in April
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate “leaped” in April, rising 80 basis points to reach 8.11%.