The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 12 basis points to 4.04% of servicers’ portfolio volume as of June 6 from 4.16% the prior week–the 15th consecutive week of declines. MBA estimates 2 million homeowners are in forbearance plans.
Commercial and multifamily mortgage debt outstanding rose by $44.6 billion (1.1 percent) in the first quarter, the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report said.
MBA, Real Estate Industry Commend Administration for Recovery Efforts; Call for End to Nationwide Eviction Moratorium
The Mortgage Bankers Association and a broad real estate coalition on Friday commended measures President Biden has taken to stabilize the housing sector and urged the administration to sunset the federal moratorium on evictions on June 30.
HUD published an interim final rule on Thursday to restore implementation of the Fair Housing Act’s Affirmatively Furthering Fair Housing requirement, which was discontinued during the Trump Administration.
Hurricane seasons and climate change are threatening to redraw coastal U.S. maps. But it’s not stopping homebuyers from chasing down waterfront properties.