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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...
MBA Forecasts $576 Billion in Commercial and Multifamily Mortgage Activity for 2024

MBA Forecasts $576 Billion in Commercial and Multifamily Mortgage Activity for 2024

by Phil Hall | Jan 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) released an updated forecast that predicts total commercial and multifamily mortgage borrowing and lending will reach $576 billion in 2024, up by 29% from last year’s estimated total of $444 billion. The total figure includes...
Mortgage Applications for New Home Purchases Up 22.2%

Mortgage Applications for New Home Purchases Up 22.2%

by Phil Hall | Jan 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in December were up by 22.2% from one year earlier, according to new data from the Mortgage Bankers Association (MBA). Compared to November, the application volume dipped by 4%. The MBA estimated new single-family home...
Former MBA Chief David H. Stevens Passes Away

Former MBA Chief David H. Stevens Passes Away

by Phil Hall | Jan 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) announced death of its former President and CEO David H. Stevens at the age of 66. Stevens served as the trade group’s leader from 2011 until 2018. He was previously Assistant Secretary of Housing – Federal Housing Commissioner...
Mortgage Application Activity Up 10.4%

Mortgage Application Activity Up 10.4%

by Phil Hall | Jan 17, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A growing number of people are seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.4% on a...
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