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Calculated Risk: MBA: "Mortgage Delinquencies Decrease in the First Quarter of 2021"

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.38 percent of all loans outstanding at the end of the first quarter of 2021, according to the Mortgage Bankers Associations (MBA) National Delinquency Survey. For the purposes of the survey, MBA asks servicers to report loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage. The delinquency rate was down 35 basis po...
Marina Walsh National Delinquency Mortgage Bankers Association Mortgage Delinquencies Decrease First Quarter Delinquency Survey

COVID, Year Two: A Look at Mortgage Relief, Regulatory Scrutiny, and the Road Ahead | Davis Wright Tremaine LLP

To embed, copy and paste the code into your website or blog: March 13, 2021, marked the one-year anniversary of President Trumps declaring COVID-19 a national emergency. Through the CARES Act, agency action and guidance, and various state laws and executive orders, governments across jurisdictions acted quickly to provide mortgage relief to homeowners at risk of default. Even with all that regulatory and legislative might brought to bear, the inability of homeowners to pay their mortgages remai...
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