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HomeForbearance

Forbearance

MBA
Loan Markets

MBA: Only 0.23% of Loans in Forbearance at the End of 2023

January 25, 2024 Allen Santos Comments Off on MBA: Only 0.23% of Loans in Forbearance at the End of 2023

The Mortgage Bankers Association (MBA) reported the total number of loans now in forbearance decreased by 3 basis points to 0.23% as of Dec. 31. According to MBA’s estimate, 115,000 homeowners are in forbearance plans. […]

Housing Wire

Share of mortgages in forbearance drops in June

July 18, 2023 Mark Paul Cervantes Comments Off on Share of mortgages in forbearance drops in June

The share of mortgage loans in forbearance decreased by five basis points in June 2023 relative to May 2023 to 0.44% from 0.49%, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. Since […]

Housing Wire

Most mortgages in forbearance in March 2021 are either current now or closed: CFPB

June 29, 2023 Allen Santos Comments Off on Most mortgages in forbearance in March 2021 are either current now or closed: CFPB

Most borrowers who had a mortgage forbearance in March 2021, including disproportionately impacted borrowers of color, were either current or closed as of March 2023. This is according to data released this week by the […]

Weely Real Estate News

MBA: Number of Loans in Forbearance Continue to Decline

May 17, 2023 Mark Paul Cervantes Comments Off on MBA: Number of Loans in Forbearance Continue to Decline

The trade group’s latest Loan Monitoring Survey estimated 255,000 homeowners are currently in forbearance plans. The post MBA: Number of Loans in Forbearance Continue to Decline appeared first on Weekly Real Estate News.

Forbearance
Housing Wire

Forbearance rate increased in October for the first time in 29 months

November 23, 2022 Mariel Alumit Comments Off on Forbearance rate increased in October for the first time in 29 months

The forbearance rate increased marginally in October after more than two years of declines, the Mortgage Bankers Association (MBA) reported Monday. The trade group previously noted that it expected pressures due to worsening economic conditions. The total […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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