House passage of H.R. 7024 will enhance the Low-Income Housing Tax Credit and support affordable housing nationwide through the construction and rehabilitation of housing for low- and moderate-income households.
Read More »Overall Performance of Servicing Portfolios Declined in December
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 »Commercial/Multifamily Borrowing and Lending Forecast Trends Towards Growth
The MBA has updated its commercial real estate forecast for 2024, as total commercial and multifamily mortgage borrowing and lending expected to rise 29% from 2023’s estimated total of $444 billion.
Read More »Bipartisan Tax Bill Introduced to Boost Affordable Housing
Senate Finance Committee Chair Ron Wyden and House Ways and Means Committee Chair Jason Smith have announced bipartisan framework that promotes the financial security of working families, and expands affordable housing by enhancing the Low-Income Housing Tax Credit.
Read More »Commercial Property Delinquencies Jumped in Q4
According to the MBA, continued challenges in the commercial real estate sector have pushed the delinquency rate on CRE-backed loans higher in the final quarter of 2023.
Read More »Ginnie Mae’s MBS Portfolio Surpasses $2.5T
December’s new mortgage-backed securities issuance by Ginnie Mae will support the financing of nearly 95,000 households, including more than 47,000 for first-time homebuyers.
Read More »Forecast: Commercial and Multifamily Mortgage Markets to Stabilize in 2024
This as the commercial and multifamily mortgage origination markets enter 2024 on unstable footing, with a new MBA poll reporting that 90% of respondents described today’s market as either “somewhat” or “very unsettled.”
Read More »Trade Groups Push for FY 2024 Funding of FHA and Ginnie Mae
Seven industry trade groups have reached out to members of Congress to support the full funding of both the FHA and Ginnie Mae for Fiscal Year 2024 to enable the ongoing commitment to affordable homeownership initiatives.
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 »Senate Measure Aims to Prevent Sale of Trigger Leads
Sens. Jack Reed and Bill Hagerty have introduced the bipartisan Homebuyers Privacy Protection Act, a bill that would end the sale of residential mortgage applicant information by credit reporting agencies.
Read More »