Archives For: Mortgage Bankers Association
Mortgage Application Volume Hits 25-Year Low
Mortgage application activity again fell during the week ending October 14 as mortgage rates hit their highest level in 20 years.
19 Oct 2022
Share of Mortgage Loans in Forbearance Decreases to .69% in September
The Mortgage Bankers Association monthly Loan Monitoring Survey reported that loans in forbearance fell 3 basis points in September from the previous month.
17 Oct 2022
U.S. Mortgage Interest Rates Top 6% for the First Time Since 2008
According to the MBA, the average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008.
14 Sep 2022
Mortgage Delinquencies Decrease in the Second Quarter of 2022
MBA reports that the delinquency rate for mortgage loans on one-to-four unit residential properties has decreased in the second quarter.
11 Aug 2022
Share of Mortgage Loans in Forbearance Decreases by 1.18% in February
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 12 basis points from 1.30% of servicers’ portfolio volume in the prior month to 1.18% as of February 28, 2022.
21 Mar 2022
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