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Calculated Risk: MBA Survey: Share of Mortgage Loans in Forbearance Decreases to 0 94% in April

Non-QM, DPA, Jumbo News; Training, Servicing, Marketing, Dashboard Tools; 10-Year Approaching 3 Percent

As the nation ruminates on the court ruling on the mandatory mask mandate, remember, “You do not need a parachute to skydive. You only need a parachute to skydive twice.” It is a safe bet that the Federal Reserve will raise short term rates more than twice before summer. This month’s STRATMOR blog is titled, “A Primer on the Federal Reserve and Mortgage Rates.” Here in Atlanta, in the MBA-STRATMOR Peer Group Roundtable meetings, much of the conversation revolves around interest rates, as one can imagine. The Federal Reserve is going to have a hard time bringing down inflation without triggering a recession, according to Goldman Sachs Group who believes that there is about a 35 percent chance the U.S. will fall into a recession over the next two years. Another topic is the population migrating due to tax reasons. Property taxes aren’t good, but fall into the “interesting” category as some states’ taxes have been rising while

MBA: Remarkable Forbearance Recovery - Banker & Tradesman

MBA: Remarkable Forbearance Recovery - Banker & Tradesman
bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.

Number Of Loans In Forbearance Continues To Drop

Mortgage bankers Association (MBA) monthly Loan Monitoring Survey for March revealed that the total number of loans now in forbearance fell 13 basis points from 1.18% of servicers’ portfolio volume to 1.05%. The MBA estimates that a total of 525,000 homeowners are in forbearance. The share of Fannie Mae and Freddie Mac loans in forbearance decreased 7 basis points to 0.49%. Ginnie Mae loans in forbearance decreased 12 basis points to 1.38% and the forbearance share for portfolio loans and private-labels securities (PLS) declined 28 basis points to 2.44%. 

MBA: More Borrowers Current on Mortgage Payments - Banker & Tradesman

MBA: More Borrowers Current on Mortgage Payments - Banker & Tradesman
bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.

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