Tag Archives: Mortgage Bankers Association (MBA)

Brett Brumley of Lender Toolkit discusses the challenges that lie ahead in the industry, and how advancements in artificial intelligence and machine learning will smooth the road ahead.

Mortgage servicing proved to be a bright spot for independent mortgage banks in Q3, as roughly half of the companies MBA polled stayed profitable in the quarter, thanks to their production and servicing business lines.

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.

In a letter to Mike Johnson, Speaker of the United States House of Representatives, 11 housing organizations have issued a letter to Congress to extend the authority of the NFIP by ensuring other vital housing programs do not lapse on November 17.

With mortgage rates plummeting 26 basis points week-over-week, Redfin reports that buyers may have a limited amount of time to take advantage. The average rate now sits at its lowest level since mid-September … but for how long?

The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–with FHA’s portfolio experiencing the largest year-over-year increase.

Commercial real estate and multifamily real estate loan originations dropped almost 50% year-over-year during the third quarter of 2023. Click through to find out what else the Mortgage Bankers Association found in their quarterly report.

Redfin reports that many home sellers are getting just two or three offers as opposed to the 20 that were common at the pinnacle of the market. Find out what percentage of homes for sale posted a price drop during the past month.

The MBA reports that volatile interest rates and stresses on some property markets have increased delinquency rates backed by commercial real estate properties in Q2, trending upward alongside the national residential mortgage delinquency rate.

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.