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 Sees ‘Pockets of Weakness’ in Forbearance Data
While the number of homeowners in forbearance remained unchanged last month, the Mortgage Bankers Association said it saw signs of weakness in November’s data.
MBA: Forbearance Rate Increases for First Time Since 2020
The number of homeowners in forbearance increased last month for the first time in more than two years, partly thanks to Hurricane Ian’s hit to Florida homebuyers.
MBA: Ginnie Mae Forbearances Increased in August
While the number of homeowners in forbearance continued to decline last month, the forbearance rate for Ginnie Mae loans increased for the first time since 2020, 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.
Will the Housing Market Normalize Next Year? Yun Says ‘Yes’
The crazy roller-coaster ride that has been the nation’s real estate markets could come to an end next year, the chief economist of the National Association of Realtors said last week.
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.
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.
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.
Delinquency Rates on GSE Loans Improve But Remain High
Fewer Massachusetts homeowners missed payments in the fourth quarter on Fannie Mae or Freddie Mac mortgages compared to earlier in 2020, but the COVID-19 pandemic continues to see homeowners seeking forbearance plans, according to data from the Federal Housing Finance Agency.
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.”
