The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 26 basis points to 3.50% of servicers’ portfolio volume as of July 11--the twentieth consecutive weekly decline.
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will eliminate the 50 basis point “Adverse Market Refinance Fee” for loan deliveries effective August 1.
ATTOM, Irvine, Calif., reported a record-low 65,082 U.S. properties with foreclosure filings in the first six months of 2021, down 61 percent from a year ago and down 78 percent from two years ago.
MBA CONVERGENCE, the Mortgage Bankers Association’s initiative to promote minority homeownership opportunities, launches its second major pilot program July 21 in Columbus, Ohio.
Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate declined again in June–but not by much.