Archives For: Mortgage Bankers Association
MBA Survey: “Share of Mortgage Loans in Forbearance Decreases to 1.41% in December 2021
The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021. According to MBA’s estimate, 705,000 homeowners are in forbearance plans.
18 Jan 2022
Forbearances Drop Below 1 Million, Exits Slow
The first monthly forbearance report was released Monday, supporting that the number of loans remaining in the program is less than 1 million.
21 Dec 2021
Tech is Humanizing Mortgage, and it’s Exactly What the Industry Needs
Mortgage lenders are under more pressure than seen in decades. Low rates have fueled a refinance boom, and the pandemic has sent purchase volume and home prices soaring. Through the market’s shift, lenders must manage purchases with new, well-funded mortgage fintechs nipping at their heels.
11 Nov 2021
MBA: Forbearance Hits Lowest Level Yet
The share of Fannie Mae and Freddie Mac loans in forbearance has reached the lowest level since the start of the pandemic, according to the Mortgage Bankers Association, but an increase in the number of borrowers exiting forbearance into loan modifications points to ongoing struggles in the recovery from the pandemic.
9 Nov 2021
MBA: Mortgage Applications Increase in Latest Weekly Survey
Mortgage applications increased 0.3 percent from one week earlier, according to data from the MBA Weekly Mortgage Applications Survey for the week ending September 10, 2021.
15 Sep 2021