Tag Archives: Mortgage Bankers Association’s (MBA)

The MBA reports the performance of serviced loans nationwide remained relatively flat in November, despite the forbearance rate for Ginnie Mae loans increasing for the fourth straight month.

The impact of Hurricane Ian in the Southeast U.S. forced the share of mortgage loans in forbearance slightly upward in October, as an approximately 350,000 U.S. homeowners are now in forbearance plans.

“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979,” said Marina Walsh, MBA’s VP of Industry Analysis.

Improvements in the nation’s jobs numbers have increased the number of forbearance exits as estimated total of just one million homeowners remain in forbearance plans.

The pace of forbearance exits continue to drop weekly as more homeowners reach the end of their 18-month terms and are successfully exiting into deferrals or loan modifications.