Latest estimates from the MBA find that 115,000 homeowners are now in forbearance plans nationwide, as mortgage servicers have provided relief to approximately 8.1 million borrowers since March 2020.
Read More »Report: How Many U.S. Home Mortgages Are Performing?
According to the MBA, the share of mortgage loans in forbearance decreased to 0.26% nationwide in November, with roughly 70% of loan workouts initiated since 2020 classified as current.
Read More »FHFA Supplemental Partial Claim: The Next Iteration
Taking a deep dive into Supplemental Partial Claims, Joseph Smith of Stretto explains the benefits and drawbacks they present in today’s mortgage landscape, and other considerations.
Read More »What Next? Forecasting the 2024 Housing Market
After a roller-coaster two years, experts expect a ‘flat stretch’ over the next 12 months, according to a new report.
Read More »FHA Reports on Delinquency, Credit Access in Report to Congress
In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.
Read More »Putting Forbearances Under the Microscope
MBA forecasts that unemployment increases, a rise in property taxes, the resumption of student debt payments, and the potential for natural disasters will impact loan performance in the future months. Here’s what September’s forbearance data reveals.
Read More »OCC: Nearly 7,400 New Foreclosures Initiated in Q2
The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2, as 97.3% of mortgages were found current and performing at the end of the quarter, compared to 97.6% in Q1.
Read More »Fitch Spotlights RMBS Delinquency Trends, Borrower Assistance Impacts
According to the Fitch Ratings, loan portfolio delinquencies modestly improved for the fifth consecutive quarter. Click through to read the latest data and info on the impact of borrower assistance programs in Q1 2023.
Read More »GSEs Execute 16K-Plus Foreclosure Prevention Actions in May
As the nation continues to struggle with inflation and high mortgage rates, Fannie Mae and Freddie Mac completed more than 5,100 permanent loan modifications in May, according to the latest FHFA Foreclosure Prevention and Refinance Report.
Read More »An Improvement in Financial Health Pushes Forbearance Volume Down in June
The MBA reports that the share of mortgage loans in forbearance fell to 0.44% nationwide in June, with nearly 80% of that total citing pandemic-related reasons for their forbearance.
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