Looking into 2024, the Mortgage Bankers Association (MBA) has announced that it now predicts origination volume to total $1.95 trillion next year.
Read More »Fed Raises Interest Rate to 15-Year High
FOMC raises the borrowing rate half a percentage point, capping a series of four consecutive three-quarter-point hikes.
Read More »Recession in the Forecast for 2023
A new outlook from MBA economists predict a recession in 2023, significant staffing cuts, and falling origination, and purchase volumes.
Read More »Federal Reserve Continues Rate Hikes
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day meeting to a rate of 3.00-3.25%. This marks the highest ...
Read More »Longtime Industry Economist Frank Nothaft Passes Away
Industry reacts to the loss of visionary economist and longtime Freddie Mac exec after sudden passing.
Read More »GSE Forbearance Exits Reach Slowest Pace Since August
Forbearance exits trickled below 1%, as the share of total loans in some stage of forbearance fell to 2.15% nationwide.
Read More »The Week Ahead: The Evolution of Forbearance
With many 18-month forbearance terms coming to an end, a new report next week will better gauge the rate of true forbearance exits, compared to the volume of re-entries.
Read More »Forbearance Update: Declining Volumes as Agreements Expire
Boosted by a positive employment report, the number of homeowners in forbearance plans dropped yet again this week to 2.28% of U.S. households.
Read More »Lenders to Focus on Servicing to Achieve Financial Goals
A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.
Read More »Forbearance Exits Continue to Rise as Re-Entries Decline
The share of homeowners in forbearance continues to slide week-after-week, dropping this week to 2.89% of servicers’ volume, with nearly 1.4 million nationwide currently in plans.
Read More »