Tag Archives: Mortgage Bankers Association (MBA)

Despite still being up 29% year-over-year from 2020, pending home sales are tailing off as a new report examines this downturn.

On Wednesday, Five Star’s one-day 2021 Government Forum: A Virtual Event brought together execs from the mortgage industry with governmental agency representatives to share ideas and insights about the future of the mortgage marketplace.

For the 10th straight month, Ginnie Mae MBS issuance has surpassed the $75 billion mark, keeping pace after a record month in April. 

The number of U.S. homeowners in forbearance declined for the 14th consecutive week, with the Bureau of Labor Statistics reporting strong job gains in May as more exit their plans.

Overall forbearance volume may have declined, but the number of homeowners requiring additional assistance rose, despite an improvement in initial unemployment claims.

Over the past 60 days, the number of U.S. homeowners in forbearance plans has dropped from 2.5 million to nearly 2.1 million. Will improvements in the job market further expedite forbearance departures?

With more Americans returning to the workforce, the number of homeowners in forbearance plans dropped for the 12th straight week.

As the nation continues to shake the dust off from the pandemic, more homeowners are moving out of forbearance plans and returning to economic stability.

The economy is making progress and mortgage default rates are improving as an increasing number of homeowners exit forbearance plans.

Improvements in unemployment claims and an uptick in consumer sentiment has led to more exiting forbearance plans.