MBA: Loan Forbearances Start to Decline Again
As the mortgage industry moves closer to the end of new COVID-related forbearances, the number of homeowners in forbearance decreased last month, according to the Mortgage Bankers Association.
MBA: Forbearance Rate for Portfolio Loans Continues Decline
The number of homeowners in forbearance continued to decline last month, and most of the forbearance exits came from portfolio loans and private-label securities, according to the Mortgage Bankers Association.
MBA: Possible Signs of Stress in Mortgage Performance
While the number of homeowners in forbearance has dropped slightly, mortgage performance could be showing signs of borrower stress, according to the Mortgage Bankers Association.
MBA: Mortgage Forbearances Continue to Decline
While the pace of monthly forbearance exits has slowed, the number of borrowers in forbearance continues to decline, according to the Mortgage Bankers Association.
MBA: Mortgage Forbearance Rate Continues to Decline
With the unemployment rate remaining low, more borrowers were current on their mortgage payments in April compared to the first three months of 2022, according to the Mortgage Bankers Association.
MBA: ‘Remarkable’ Forbearance Recovery
The number of borrowers in forbearance has dropped in less than two year by nearly 4 million in what the Mortgage Bankers Association called a “remarkable recovery.”
MBA: More Borrowers Current on Mortgage Payments
In its monthly Loan Monitoring Survey released this week, the Mortgage Bankers Association found that the total number of loans now in forbearance decreased by 12 basis points.
MBA: Pace of Forbearance Exits Slows
The pace of mortgages coming out of forbearance remained slow in January, while new forbearance requests and re-entries increased, according to the Mortgage Bankers Association.
MBA: 835K Borrowers Remain in Forbearance
While the pace of mortgages coming out of forbearance slowed in November, fewer than 1 million homeowners remain in forbearance plans, according to the Mortgage Bankers Association.
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.
MBA: Pace of Forbearance Exits Picks Up
Forbearance exits have reached the fastest pace in six months, a pace that the Mortgage Bankers Association expects to continue in the coming weeks.
MBA: Pace of Forbearance Exits Slows
While mortgage forbearances have continued to decline, the number of borrowers exiting forbearance recently reached its slowest pace in more than a year, according to the Mortgage Bankers Association.
CFPB: Service Levels, Delinquency Rates Differ Among Mortgage Servicers
Some of the largest mortgage servicers in the U.S. had varying responses to borrowers’ inquiries during the pandemic, with some servicers struggling to help homeowners, according to a report from the Consumer Financial Protection Bureau.
MBA: Mortgage Forbearances Continue to Drop
The share of Fannie Mae and Freddie Mac loans in forbearance has dropped below 2 percent for the first time since the early days of the pandemic, according to recent data from the Mortgage Bankers Association.
FHFA Extends Multifamily Forbearance Again
Multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac can continue to receive COVID-19-related forbearance through Sept. 30, the Federal Housing Finance Agency said in a statement today.
CFPB Sees Mortgage Complaints Increase
Consumers submitted more mortgage complaints to the Consumer Financial Protection Bureau in March 2021 than in any month since April 2018, the CFPB said in a statement yesterday.
Report: Mortgage Delinquencies Took a Dive in March
Only 217,000 residential mortgage-holders became past-due in March, according to a new report from Black Knight, the lowest on record.
FHFA Extends Foreclosure Halt Through June 30
The federal agency that oversees two of the biggest guarantors of mortgages in the U.S. market announced that it is extending moratorium on foreclosures.
Biden Extends Pandemic Help for Homeowners, But Renters Wait
President Joe Biden is extending a ban on housing foreclosures to June 30 to help homeowners struggling during the coronavirus pandemic.
Forbearance Extended for Fannie, Freddie Loans
Borrowers with mortgages backed by Fannie Mae or Freddie Mac will be eligible for another three months of forbearance, the Federal Housing Finance Agency announced this week.
