MBA, Other Groups Send FHA Letter on Loss Mitigation Update Recommendations
The Mortgage Bankers Association, along with a number of other trade groups, sent a letter to FHA on its November 2024 proposal on loss mitigation updates to its Servicing Handbook.
Share of Mortgage Loans in Forbearance Increases to 0.50% in November, MBA Reports
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.50% as of Nov. 30, 2024. According to MBA’s estimate, 250,000 homeowners are in forbearance plans.
FOMC Cuts Interest Rates; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee cut interest rates by 25 basis points Wednesday in its third consecutive reduction. The market had anticipated the change.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased $47.7 Billion in Third Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $47.7 billion (1%) in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
MBA and State MBAs, Consumer Advocates Welcome Long-Awaited Rule on PACE Loans
The Mortgage Bankers Association and National Consumer Law Center, along with the California Mortgage Bankers Association, Housing Policy Council, Jacksonville Area Legal Aid, Mortgage Bankers Association of Missouri, Mortgage Bankers Association of Florida, and Public Counsel of California issued a statement in response to the Consumer Financial Protection Bureau’s final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans.
