MBA: Pace of Forbearance Exits Picks Up
Forbearance exits have reached the fastest pace in six months, a pace that the Mortgage Bankers Association expects to continue in the coming weeks. The MBA’s Forbearance and Call Volume Survey showed that the total number of loans in forbearance decreased by 15 basis...As Resort Towns Flourish, Lending Tightens
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders. As of April 1, Fannie Mae and...
CFPB Seeks No Foreclosures This Year
The Consumer Financial Protection Bureau said Monday it is considering new rules aimed at averting a wave of foreclosures later this year when millions of homeowners are no longer allowed to put off making their mortgage payments. Last year, the federal government...
Commercial, Multifamily Delinquencies Up for Second Month
Delinquency rates for American mortgages backed by commercial and multifamily properties increased for the second month in a row in December, according to the Mortgage Bankers Association’s latest monthly report. The rate rose from 5.7 percent in November to 6...This Week’s Paper: Digital Edition
