The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans now in forbearance jumped from 3.74% of servicers’ portfolio volume in the prior week to 5.95% as of April 12.

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,470 on each loan they originated in 2019, up from $367 per loan in 2018, the Mortgage Bankers Association reported Friday in its Annual Mortgage Bankers Performance Report.

The Consumer Financial Protection Bureau last week issued a final rule raising loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act.

ATTOM Data Solutions, Irvine, Calif., released its quarterly U.S. Foreclosure Market Report, which showed 156,253 U.S. properties with a foreclosure filing during the first quarter, up 42 percent from the previous quarter but down 3 percent from a year ago.

The Office of the Comptroller of the Currency on Wednesday provided guidance to the Mortgage Bankers Association, addressing conflicts between a recent Federal Emergency Management Agency memo and banking agency flood insurance rules.

Freddie Mac and Fannie Mae announced yesterday they will extend the implementation timeline for the redesigned Uniform Residential Loan Application and automated underwriting systems to support the industry during the COVID-19 pandemic.

In little more than a month, the coronavirus pandemic sent the housing market from a promising spring to a national emergency, said Redfin, Seattle.