MBA: Share of Mortgage Loans in Forbearance Decreases to 0.31% in September
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.33% of servicers’ portfolio volume in the prior month to 0.31% as of September 30, 2023.
Freddie Mac, Fannie Mae Execs Talk Repurchases, Updates and New Resources
PHILADELPHIA--Freddie Mac President Mike Hutchins announced a new resource--DPAOne--during a General Session on GSEs at the Mortgage Bankers Association Annual Convention & Expo here Oct. 16.
ATTOM: Foreclosure Activity Up in Third Quarter
ATTOM, Irvine, Calif., showed a jump in foreclosures in its Q3 U.S. Foreclosure Market Report. At 124,539 properties with foreclosure filings, they’re up 28% from Q2 and 34% from last year.
Trepp: Special Servicing Rate Climbs in September
Trepp, New York, reported the CMBS Special Servicing Rate increased by 20 basis points in September, up to 6.87%.
KBRA: Older Office Buildings Struggling
KBRA, New York, said in the current office environment, older buildings are seeing particular challenges.
Cenlar’s Lori Pinto, CMB: Delivering the Best Homeowner Experience
The U.S. economy and housing market has been anything but predictable the last few years.
