The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.38% of servicers’ portfolio volume in the prior month to 0.36% as of March 31, 2025.
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Independent Mortgage Bankers Post Net Production Profits in 2024
Independent mortgage banks and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023.
MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.38% in February
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.40% of servicers’ portfolio volume in the prior month to 0.38% as of Feb. 28, 2025.
IMBs Report Production Losses in Fourth Quarter of 2024
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in the fourth quarter of 2024, a decrease from the reported net profit of $701 per loan in the third quarter of 2024, according to the Mortgage Bankers Association’s newly released Quarterly Mortgage Bankers Performance Report.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.40% in January
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 0.47% of servicers’ portfolio volume in the prior month to 0.40% as of January 31, 2025. According to MBA’s estimate, 200,000 homeowners are in forbearance plans.
MBA: Mortgage Delinquencies Increase in Fourth-Quarter 2024
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of the fourth quarter of 2024, according to the Mortgage Bankers Association’s National Delinquency Survey.
Share of Mortgage Loans in Forbearance Decreases Slightly to 0.47% in December
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior month to 0.47% as of Dec. 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans.
Chart of the Week: Completed Loan Workouts from 2020 Onward
According to the latest results from MBA’s Monthly Loan Monitoring Survey, approximately 235,000 homeowners are in forbearance plans as of December 31, 2024. This level is substantially lower than the peak of almost 4.3 million homeowners in June 2020 and the 8.5 million borrowers who have been provided forbearance since March 2020.
Share of Mortgage Loans in Forbearance Increases to 0.47% in October, MBA Reports
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of Oct. 31, 2024.
MBA’s Chart of the Week: Pre-Tax Net Production Income and Production Volume
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of 17 basis points, or $693 on each loan they originated in the second quarter of 2024, an increase from the reported loss of 25 basis points, or $645 per loan in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.