Tag Archives: Mortgage Bankers Association (MBA)

Homeownership continues to serve as the primary source of wealth accumulation for most middle-class households, according to a new report.

In a report to Congress, the FHA reports that its Mutual Mortgage Insurance (MMI) Fund hit 8.03% for fiscal year 2021, a 1.93 percentage point-rise year-over-year.

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.

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.

A recent analysis has found that delinquency rates 30 days or more past due are sliding, but nearly one million homeowners remain at least six months behind on payments.

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.

he number of Americans currently in forbearance plans hit approximately 1.5 million homeowners this week, as forbearance volume dove 15 basis points from the previous week.

Beginning today, the CFPB’s new rule to increase protections over homeowners takes effect, as servicers step up their efforts to assist borrowers in jeopardy of foreclosure.