“Loan performance in the third quarter of 2024 showed a continual upward trend in mortgage delinquencies. Delinquencies remain low, particularly when compared with those during the Great Recession.”
–Molly Boesel, Senior Principal Economist for CoreLogic
“FHA believes these foreclosure moratorium extensions are warranted because of the devastation caused by Hurricanes Helene and Milton, the extensive property damage sustained, and the reduced capacity for those impacted to access needed resources. Many areas in Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia are deemed PDMDAs.”
–FHA letter on extending the foreclosure moratorium in connection with hurricanes Helene and Milton
“We have long advocated for transparent policies, clear servicing requirements, and fair and equal access to the secondary market for lenders of all sizes and business models.”
–MBA President and CEO Bob Broeksmit, CMB, discussing current political conversations around GSE conservatorship
“MBA is committed to working with the incoming HUD leadership and staff on policies and programs that boost housing supply, improve affordability, and address challenges and opportunities at the Federal Housing Administration and Ginnie Mae.”
–MBA President and CEO Bob Broeksmit, CMB, discussing Scott Turner’s nomination to be Secretary of the Department of Housing and Urban Development
“Approximately 65,000 more borrowers are in forbearance compared to one month ago. While forbearances are still low compared to the height of the pandemic, the monthly increase in forbearances is the largest since May 2020 and likely driven by the effects of Hurricanes Helene and Milton.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
“Mortgage delinquencies have inched up over the past year. Even though there was a small, third-quarter decline in the overall delinquency rate compared to the previous quarter, this was driven by a decrease in 30-day delinquencies.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
“The near-total disappearance of zombie foreclosures has been and still is one of the more subtle, but important benefits of the country’s soaring housing market.”
–Rob Barber, CEO for ATTOM
“We are bullish about the spring 2025 housing market. Mortgage rates at this level should support homebuyer demand and gradually reduce the lock-in effect, thereby increasing the inventory of existing homes and supporting higher purchase origination volume in 2025.”
–Mike Fratantoni, MBA Chief Economist and Senior Vice President for Research and Business Development
“The percentage of loans in forbearance increased for the fourth consecutive month.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
“While we are seeing a decrease in foreclosure starts and repossessions, it’s crucial to remain vigilant, as any economic disruptions or changes in interest rates could shift the current trend.”
–ATTOM CEO Rob Barber
