The Mortgage Bankers Association on Thursday released its Second Quarter National Delinquency Survey, showing the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 5.47 percent of all loans outstanding—the lowest rate since first-quarter 2020.
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Despite Quarterly Decline, IMB Production Profits Post Record 1st Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $3,361 on each loan they originated in the first quarter, down from $3,738 per loan in the fourth quarter but still the highest first-quarter net gain in the history of the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
MBA: 1Q Mortgage Delinquencies Continue to Drop
The Mortgage Bankers Association on Friday reported the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 6.38 percent of all loans outstanding, seasonally adjusted, at the end of the first quarter.
Black Knight: Delinquencies at Record Low: MBA to Release National Delinquency Survey Friday
Ahead of this Friday’s release of the Mortgage Bankers Association’s 1st Quarter National Delinquency Survey, Black Knight, Jacksonville, Fla., said just 217,000 homeowners became past due on their mortgages in March, the lowest such delinquency inflow of any month on record.
MBA: 2020 IMB Production Volumes, Profits Hit Record-Highs
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $4,202 on each loan they originated in 2020, up from $1,470 per loan in 2019, the Mortgage Bankers Association reported last week.
MBA: IMB Production Profits Remain Strong in Fourth Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $3,738 on each loan they originated in the fourth quarter down from a reported gain of $5,535 per loan in the third quarter, according to the Mortgage Bankers Association’s latest Quarterly Mortgage Bankers Performance Report.
MBA Chart of the Week: NDS Seriously Delinquent Rate By Loan Type
MBA last week released its National Delinquency Survey results for the fourth quarter. The delinquency rate for mortgage loans on one-to-four-unit residential properties at the end of the quarter decreased from a seasonally adjusted rate of 7.65 percent of all loans outstanding in the third quarter to 6.73 percent in the fourth quarter. This 92-basis-point drop in the delinquency rate was the biggest quarterly decline in the history of MBA’s survey dating back to 1979.
MBA: 4th Quarter Delinquencies See Decline from 3Q, Up from Year Ago; Foreclosure Inventory at Near 40-Year Low
The Mortgage Bankers Association’s 4th Quarter National Delinquency Survey reported the delinquency rate for mortgage loans fell by 92 basis points from the third quarter to 6.73 percent, seasonally adjusted. From a year ago, however, mortgage delinquencies increased across the board.
MBA: 3Q Mortgage Production Volume Spurs Strong IMB Profits
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $5,535 on each loan they originated in the third quarter, up from $4,548 per loan in the second quarter, the Mortgage Bankers Association reported Thursday in its Quarterly Mortgage Bankers Performance Report.
MBA Chart of the Week: Seriously Delinquent Rate by States for Q3 2020
This week’s chart highlights the seriously delinquent rate – the percentage of loans that are 90 days or more delinquent or in the process of foreclosure – in every state across the country.