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

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

by Phil Hall | Jan 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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. In December 2023, the share of Fannie Mae and...
Forbearance Levels Continue to Decline

Forbearance Levels Continue to Decline

by Phil Hall | Sep 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total number of mortgage loans now in forbearance fell by 6 basis points month-over-month to 0.33% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). Roughly 165,000 homeowners are currently in forbearance plans. During August, the share...
MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume

MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume

by Phil Hall | Aug 22, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total number of loans in forbearance during July totaled approximately 195,000, according to data from the Mortgage Bankers Association (MBA). This represents a 5-basis-point decline from 0.44% of servicers’ portfolio volume in June to 0.39% in July. In July 2023,...
Refinancing Fuels Uptick in Mortgage Application Activity

Refinancing Fuels Uptick in Mortgage Application Activity

by Phil Hall | Jul 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a slight increase thanks primarily to an increase in refinancing requests, according to new data from the Mortgage Bankers Association for the week ending July 14. The Market Composite Index, a measure of mortgage loan...
Mortgage Application Activity Records Scant Uptick

Mortgage Application Activity Records Scant Uptick

by Phil Hall | Jun 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications recorded a scant uptick in the latest data report from the Mortgage Bankers Association (MBA) that covers the week ending June 16. The Market Composite Index, a measure of mortgage loan application volume, saw a 0.5% rise on a seasonally adjusted...
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