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Tag Archives: Mortgage Bankers Association

Survey: Delinquency Rates Up, Foreclosure Starts Flat in Q2

The latest National Delinquency Survey from the Mortgage Bankers Association (MBA) showed that delinquencies increased in the second quarter of 2012, a shift anticipated by the association. The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 7.58 percent as of the end of Q2, an increase from 7.40 in Q1. The second quarter's increased rate was still down from 8.44 percent at the same time in 2011.

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NTC Joins Tampa Bay MBA

The Mortgage Bankers Association (MBA) of Tampa Bay has a new member in Nationwide Title Clearing (NTC), the company announced Monday.

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Recovery Still in Place: Capital Economics

Negative reports on the economy may be shaking up confidence, but Capital Economics released a report Friday stating that in their view, the foundations for a sustainable recovery are still in place. The employment situation in the U.S. and issues overseas such as the euro-zone crises are all taking a toll on the economy and consumer confidence. Yet, there are still reasons to make the argument that the recovery is not going to be derailed. Home sales and prices have increased, and mortgage affordability continues to be at an all-time high.

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NTC Asks Congress Not to Raise Guarantee Fees for Student Loan Relief

Congress has already approved of raising Fannie Mae and Freddie Mac guarantee fees to support non-housing related initiatives once before. Now, lawmakers are contemplating the use of GSE guarantee fees to fund student loan relief. In response to this, officials from Nationwide Title Clearing sent a release asking Congress not to raid the real estate piggy bank, stating an increase will lead to higher interest rates.

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Delinquency Rates Drop for Banks, Rise for CMBS in First Quarter

Tuesday's report showed that during the first quarter of 2012, the 60+ day delinquency rate for commercial and multifamily mortgages held in life insurance company portfolios decreased 0.03 percentage points to 0.14 percent. The 60+ day rate for multifamily loans held or insured by Fannie Mae also decreased, falling 0.22 percentage points to 0.37 percent. The 90+ day delinquency rate for loans held by FDIC-insured banks and thrifts dropped 0.13 percentage points to 3.44 percent.

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MAA Issues ‘Call to Action’ Against California Legislation

The MAA, an advocacy branch of the Mortgage Bankers Association (MBA), issued a call in support of the California MBA's efforts to stop legislation it said would cause serious damage to lenders, servicers, and California's economy. The bill in question would amend California's foreclosure laws to implement and permanently set servicing standards and other provisions of the settlement between the country's attorneys general and the five largest mortgage servicers. It is currently under review by the six-member Legislative Conference Committee on the California Foreclosure Crisis.

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Report Reveals Delinquency and Foreclosure Rates Down for 4th Quarter

A recent Mortgage Bankers Association (MBA) report revealed that overall, delinquencies and foreclosures are on a decline, and when gauging where the U.S. housing market stands in terms of recovery, Jay Brinkmann, MBA's chief economist, says we are about halfway to the pre-recession days. Overall, the delinquency rate for mortgage loans on one-to-four unit residential properties decreased to 7.58 percent in the fourth quarter of 2011, compared to 7.99 percent in the third.

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National Delinquency Rate Falls to Lowest Level in Three Years: MBA

The Mortgage Bankers Association (MBA) reported Thursday that the national delinquency rate for residential home loans fell to 7.99 percent in the third quarter. That's the lowest reading since the fourth quarter of 2008. The delinquency rate encompasses borrowers who have missed one or more payments but are not yet in foreclosure. While delinquencies fell, the number of borrowers entering the foreclosure process rose for the first time in a year, driven by a handful of servicers and hard-hit states.

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