MBA Reports Share of Mortgage Loans in Forbearance Increases to 0.27% in July
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.27% as of July 31, 2024. According to MBA’s estimate, 135,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.2 million borrowers since March 2020.
MBA: Mortgage Delinquencies Increase in Second Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97% of all loans outstanding at the end of the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
ATTOM Reports Foreclosures See Monthly, Annual Increase in July
ATTOM, Irvine, Calif., released its July 2024 U.S. Foreclosure Market Report, noting that foreclosure filings rose 15% month-over-month and a slight .2% year-over-year.
MBA Chart of the Week: Early-Stage vs. Seriously Delinquent Mortgage Rates
According to the latest results from MBA’s National Delinquency Survey (NDS) released last week, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.97% of all loans outstanding at the end of the second quarter of 2024. The delinquency rate was up 60 basis points from one year ago.
Redfin: Investor Home Purchases Post Biggest Increase Since Q2 2022
Investor purchases of homes were up 3.4% year-over-year in Q2, per Redfin, Seattle.
