Delinquency rates for mortgages backed by commercial and multifamily properties Increased for the second month in a row in December, according to the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased to 5.46% of servicers’ portfolio volume as of Jan. 3 compared to 5.46% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
The Federal Housing Finance Agency on Jan. 6 published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve program. The Plans became effective Jan. 1.
Zillow, Seattle, said typical values for Black- and Latino-owned homes still lag behind overall U.S. home values, but the gap is narrowing.