Mortgage Demand Strong as Fall Opens
New data from the Mortgage Bankers Association shows national demand for purchase loans is strengthening to levels last seen in April, a sign the summer’s dip in housing demand could be only temporary.
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.
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.
National Coalition Announces Plan to Boost Black Homeownership
With divergent homeownership levels blamed for yawning racial wealth gaps both nationally and locally, a group of housing and civil rights leaders have released a proposal to create 3 million net new Black homeowners by 2030.
Study: Missed Housing Payments at Lowest Level in Pandemic
The number of households missing rent and mortgage payments reached the lowest level in March since the start of the COVID-19 pandemic, according to a study from the Mortgage Bankers Association’s Research Institute for Housing America (RIHA).
As Resort Towns Flourish, Lending Tightens
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders.
CFPB Seeks No Foreclosures This Year
The Consumer Financial Protection Bureau said Monday it is considering new rules aimed at averting a wave of foreclosures later this year when millions of homeowners are no longer allowed to put off making their mortgage payments.
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.
Study: December Saw $14B in Missed Mortgage Payments
While fewer borrowers missed mortgage payments in December, missed payments in the fourth quarter still totaled approximately $14 billion, according to a study from the Mortgage Bankers Association’s Research Institute for Housing America (RIHA).
Survey: Mortgage Forbearance Less Than 5 Percent at Most Banks
A majority of lenders last fall had less than 5 percent of residential mortgage loans in forbearance, though more than one-third saw higher forbearance rates, according to the Federal Reserve’s October 2020 “Senior Loan Officer Opinion Survey on Bank Lending Practices.”
Commercial, Multifamily Delinquencies Up for Second Month
Delinquency rates for American mortgages backed by commercial and multifamily properties increased for the second month in a row in December, according to the Mortgage Bankers Association’s latest monthly report.
Real Estate, Banking Industries Respond to Capitol Siege
Major figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
CFPB Finalizes Changes to Qualified Mortgage Rules
The Consumer Financial Protection Bureau has issued final rules that change the requirements for qualified mortgage loans and create a new category of QMs.
Homeowners Gained Record Amount of Equity in Q3
The average Massachusetts homeowner gained $31,000 in equity in the third quarter on a year-over-year basis, CoreLogic reported, nearly double the national average.
MBA Forecasts Big Drop in Lending for Developments This Year
The COVID-19 pandemic’s nearly year-long drag on the commercial real estate industry will likely lead to 2020 closing out the year with a large drop in loans issued by commercial and multifamily mortgage bankers.
MBA Forecasts Purchase Originations Will Grow, Refis Slow in 2021
The Mortgage Bankers Association predicts purchase mortgage originations will grow in 2021 while the meteoric increase in refinance activity will taper off.
Mortgage Volumes Continue to Outpace Last Year’s Activity
The mortgage industry continues to see more purchase and refinance applications compared to the same time last year, according to data from the Mortgage Bankers Association.
Forbearances Drop as Initial CARES Act Relief Ends
With the first of two six-month forbearance periods available through the CARES Act ending, some borrowers have been exiting forbearance without contacting their mortgage servicers, one factor contributing to a recent drop in loan forbearances, according to the Mortgage Bankers Association.
Mortgages in Forbearance Decline in Last Week of September
The share of mortgages in forbearance continued to decline in the last week of September, according to the latest report from the Mortgage Bankers Association.
