CoreLogic, Irvine, Calif., found in its Loan Performance Insights Report for August that the overall mortgage delinquency rate was at 2.6%, a historic low.
Nearly 1.3 million residential properties in the United States are vacant, according to ATTOM, Irvine, Calif.
With low levels of affordability, forbearance may not be sufficient to prevent future mortgage defaults and foreclosures, and alternative loss mitigation options may be required to help borrowers retain home ownership. Questions often asked in the industry on this topic are: what type and how much loss mitigation is required to prevent redefault?
As uncertainty dominates discussions about getting deals done, MBA NewsLink convened three multifamily finance executives, Chad Musgrove, John Lloyd and Carl McLaughlin, to get their opinions on where the apartment industry sits and where it’s headed next.