“MBA has led the industry over the past two years in a constructive engagement with the Federal Housing Finance Agency and the GSEs to develop more effective alternatives to a repurchase request when dealing with loan defects on performing loans.”
–MBA President and CEO Bob Broeksmit, CMB
“Prioritizing payment relief and reducing operational complexities were imperative, and we believe the improvements made following multiple rounds of feedback will ensure mortgage servicers have a new effective and efficient way to help struggling borrowers stay in their homes.”
–MBA President and CEO Bob Broeksmit, CMB, on FHA’s recently announced new loss mitigation option
“The VA Home Loan Program is one of the most significant benefits our nation’s heroes earn through their sacrifice and service. MBA recognizes the need to make this important program more accessible and as competitive as other mortgage loan options.”
–MBA 2024 Chairman Mark A. Jones, President of Union Home Mortgage
“Mortgage delinquencies increased across all product types for the second consecutive quarter.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.
“There are increasing signs suggesting that the extended period of prosperity in the U.S. housing market may be showing signs of easing.”
–Rob Barber, CEO for ATTOM
“The hard work continues in 2024,”
–MBA President and CEO Robert Broeksmit, CMB
“The overall performance of servicing portfolios–particularly government loans–declined in December. Factors such as seasonality, a changing labor market, resumption of student loan payments, and the rise in balances on other forms of consumer debt are likely at play.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
“Reflecting on 2023, we see the recent rise in foreclosure activity as a market correction rather than a cause for alarm. It signals a return to more traditional patterns after years of volatility.”
–Rob Barber, CEO at ATTOM.
“U.S. mortgage delinquency rates remained healthy in October, with the overall delinquency rate unchanged from a year earlier and the serious delinquency rate remaining at a historic low.”
–Molly Boesel, Principal Economist for CoreLogic
“While we’ve observed a modest decrease in U.S. foreclosure activity most likely due to seasonal factors, it’s essential to note that these fluctuations are a part of the cyclical nature of the market.”
–Rob Barber, CEO at ATTOM
