Tag Archives: Mortgage Bankers Association (MBA)

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.

Looking into 2024, the Mortgage Bankers Association (MBA) has announced that it now predicts origination volume to total $1.95 trillion next year.

The MBA, NAR, and NAHB have sent a letter to the Board of Governors of the Federal Reserve about the industry’s concerns over negative market impacts stemming from the Fed’s monetary policy actions.

The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2, as 97.3% of mortgages were found current and performing at the end of the quarter, compared to 97.6% in Q1.

The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 at the outset of the pandemic.

FHFA is soliciting comments from market participants and stakeholders on the transition to updated credit scoring models and credit reporting requirements for loans acquired by the GSEs.

Independent banks reported a pre-tax net loss of over $500 on every loan originated during the second quarter of 2023. This marks a notable improvement over losses posted in the first quarter.

Marina Walsh, CMB, MBA’s VP of Industry Analysis, reported that “FHA delinquencies rose 10 basis points compared to year ago levels. … As the economy slows and labor market cools, homeowners with FHA loans are likely to feel the distress first.”