Share of Mortgage Loans in Forbearance Decreases to 2.21%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 2.21% of servicers’ portfolio volume as of October 17 from 2.28% the week before. MBA estimates 1.1 million homeowners are in forbearance plans.
MBA Submits Comments on FHFA Proposed GSE 2022-2024 Housing Goals
The Mortgage Bankers Association on Monday submitted comments to the Federal Housing Finance Agency on its proposed rule for 2022-2024 housing goals for Fannie Mae and Freddie Mac.
TransUnion: LMI Consumers Present $300 Billion Growth Opportunity for Mortgage Industry
Low-to-moderate income consumers have traditionally been overlooked in the mortgage market and trail non-LMI consumers in terms of homeownership. A new study from TransUnion, Chicago, suggests closing this gap could yield mortgage lenders as much as ~$300 billion in refinance and purchase originations.
Consumer Survey Shows 2/3 of Americans Still Financially Unhealthy
The Financial Health Network, Chicago, said even as the financial health of many Americans improved over the past year, a full two-thirds of Americans remain vulnerable in their financial health.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25
The Mortgage Bankers Association's Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando.
