Tag: Quote

“The delinquency rate for loans backed by commercial properties has now increased for four consecutive quarters.”

–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.

“The number of loans in forbearance dropped in September, but the overall performance of servicing portfolios and loan workouts declined slightly.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.

“The speed of these rate increases, and the resulting dislocation in our industry, is painful and unprecedented, absent larger economic turmoil. We understand how severely this is straining your business and the extremely difficult decisions you must make to remain competitive.”
–MBA President and CEO Robert Broeksmit, CMB

“The speed of these rate increases, and the resulting dislocation in our industry, is painful and unprecedented, absent larger economic turmoil. We understand how severely this is straining your business and the extremely difficult decisions you must make to remain competitive.”
–MBA President and CEO Robert Broeksmit, CMB

“Prospective homebuyers’ budgets continue to be impacted by the combination of high home prices and mortgage rates that remain higher than 7 percent.”
–Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the Research Institute for Housing America.

“While the overall critical defect rate is trending in the right direction, there are several key areas of concern that will require lenders to remain vigilant to ensure defects continue heading southward, especially as the GSEs and agencies continue to increase their scrutiny of lenders’ production quality.”
–Nick Volpe, Executive Vice President of ACES Quality Management

“MBA strongly opposes certain provisions of the proposal that undermine the mortgage market and takes exception to the extremely scant economic analysis regarding how the changes will affect the economy, single-family housing market, and commercial real estate finance markets.”
–MBA President and CEO Robert Broeksmit, CMB

“In recent years, housing inventory constraints and home-price appreciation have resulted in rising average loan balances for single-family homeownership. Yet, financing lower balance loans is an essential way for the mortgage industry to facilitate access to affordable, lower-valued homes.”
–MBA Vice President of Industry Analysis Marina Walsh, CMB.

“The national mortgage delinquency rate remained at a historic low in June.”
–Molly Boesel, Principal Economist for CoreLogic

“The new version of the SMART Doc 1.02 Standardization Mapping and Implementation Guide will provide helpful guidance to mortgage service providers who are looking to streamline the creation of home equity first lien eNotes.”

–David Coleman, President, MISMO