“The seasonally-adjusted mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979, reaching 3.37 percent in the second quarter of 2023.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
Tag: Quote
Quote Tuesday, July 11, 2023
“Mortgage performance remained strong in April, with overall delinquencies at minimal levels and serious delinquencies at a 23-year low.”
–Molly Boesel, Principal Economist for CoreLogic, Irvine, Calif.
Quote Tuesday, June 27, 2023
“The number of loans in forbearance is reaching levels not seen since the beginning of March 2020, prior to the passage of the CARES Act. Today, more than 96% of homeowners are current on their mortgages, thanks to the favorable jobs market and the success of loss mitigation options over the past three years.”
–Marina Walsh, CMB, MBA vice president of industry analysis.
Quote: Tuesday, June 13, 2023
“Christine Chandler is a passionate and influential leader in real estate finance and is a terrific choice to lead MBA and its members through the challenges and opportunities our industry faces.”
–Matt Rocco, 2023 MBA Chairman and President of Colliers Mortgage
Quote
“While home prices have declined a bit quarter-over-quarter, they’re still higher than they were a year ago, and interest rates have essentially doubled. Many prospective homebuyers simply can’t afford the home they hoped to buy, and in many cases no longer qualify for the mortgage they’d need.”
–Rick Sharga, Executive Vice President of Market Intelligence with ATTOM, Irvine, Calif.