The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed mortgage loans now in forbearance increased to 8.16% of servicers’ portfolio volume in as of May 10, up from 7.91% the previous week.
Tag: Mike Fratantoni
MBA: Share of Mortgage Loans in Forbearance Increases to 7.91%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased from 7.54% of servicers’ portfolio volume in the prior week to 7.91% as of May 3. MBA now estimates 4 million homeowners are now in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Increases to 7.54%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased from 6.99% of servicers’ portfolio volume in the prior week to 7.54% as of April 26. According to MBA’s estimate, 3.8 million homeowners are now in forbearance plans.
MISMO Launches Initiative to Apply Digital Mortgage Standards to Loan Modification Process
MISMO, the Mortgage Industry Standards Maintenance Organization, seeks industry participants to join its initiative of applying digital mortgage standards, guidelines and best practices to the loan modification process.
MBA: Share of Mortgage Loans in Forbearance Increases to Nearly 7%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased from 5.95% of servicers’ portfolio volume in the prior week to 6.99% as of April 19.
MBA Weekly Survey: Share of Mortgage Loans in Forbearance Rises to 5.95%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans now in forbearance jumped from 3.74% of servicers’ portfolio volume in the prior week to 5.95% as of April 12.
MBA Survey: Share of Mortgage Loans in Forbearance Continues to Climb
The surge in unemployment claims filed since mid-March resulting from the mitigation efforts to slow the spread of the coronavirus are straining household budgets and leading to more requests for mortgage forbearance. That is according to the Mortgage Bankers Association’s latest Forbearance and Call Volume Survey, which revealed the total number of loans in forbearance jumped from 2.73% to 3.74% during the week of March 30 to April 5.
MBA April Economic Commentary: Economy Slows Sharply; Massive Job Loss; but V-Shaped Recovery in Forecast
The spread of the coronavirus has slowed global and U.S. economic activity to a halt. Public and private measures to stem the spread of the virus have led to indefinite interruptions in many sectors of the economy, as well as future uncertainty surrounding how long this pause in the global economy will last and what the potential economic losses could be.
Fed Cuts Interest Rates to Zero; Announces $700 Billion in Stimulus
The Federal Reserve on Sunday pre-empted its own regularly scheduled policy meeting this week, announcing an extraordinary full percentage point cut to the federal funds rate and sweeping purchases of government bonds and agency mortgage-backed securities.