Tag Archives: Mortgage Bankers Association (MBA)

Default rates continue to decline as pandemic-related financial distress across the country continues to ease for homeowners.

For the 20th consecutive week, the share of homeowners in forbearance plans declined as more return to the workforce and the economic continues to exhibit signs of recovery.

The number of Americans in stages of forbearance dips lower, a response to the addition of 850,000 jobs in the month of June.

The key to creating successful forbearance exits and maximizing revenue is the use of new digital tools to track and support customers and gain real-time insights.

The share of U.S. homeowners in forbearance has dropped below two million, as bright spots in the U.S. economy and positive movement in unemployment claims is allowing more to resume their monthly payments.

After 17 weeks of declines in the number of forbearance plans nationwide, the MBA announces its latest survey findings on Tuesday, as a strong June jobs report could send more out of plans and back onto the road to economic recovery.

As home prices show gains yet again, continued low rates are propelling buyers to jump into a market short on listings.

An improvement in overall economic conditions is allowing more homeowners to regain their pre-pandemic financial footing, with the share of loans in forbearance sliding for the 17th consecutive week.

For the first time in 2021, the demand for homes has fallen below last year’s levels, with high prices turning many would-be buyers away from a still-completive marketplace.

To bolster oversight of the nation’s housing marketplace, the President has tapped housing advocate Julia Gordon and Acting CFPB Director Dave Uejio for key roles at HUD.