Tag Archives: Mike Fratantoni

FOMC raises the borrowing rate half a percentage point, capping a series of four consecutive three-quarter-point hikes.

A new outlook from MBA economists predict a recession in 2023, significant staffing cuts, and falling origination, and purchase volumes.

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 ...

Industry reacts to the loss of visionary economist and longtime Freddie Mac exec after sudden passing.

Forbearance exits trickled below 1%, as the share of total loans in some stage of forbearance fell to 2.15% nationwide.

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.

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.

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.

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.

Forbearance volume has dipped below the 3% mark for the first time since March 2020, despite a slight uptick in the number of Ginnie Mae loans in forbearance.