MBA: Share of Mortgage Loans in Forbearance Decreases to 0.26% in November
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.29% of servicers’ portfolio volume in the prior month to 0.26% as of Nov. 30, 2023.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased by $37 Billion in Third Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $37.1 billion (0.8%) in the third quarter of 2023, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Home Flipping Declines Again, ATTOM Finds
ATTOM, Irvine, Calif., found the rate of house flipping–while still historically high–has fallen to the lowest point in two years.
ACES: Critical Defect Rate Falls for Third Straight Quarter
ACES Quality Management, Denver, Colo., reported the critical defect rate for the second quarter of 2023 fell to 1.72%, a 3.37% decrease and the third consecutive quarter of declines.
Fitch: Outlook for Equity REITs is Deteriorating
Fitch Ratings, New York, said the outlook for U.S. equity real estate investment trusts in 2024 is deteriorating.
